Tuesday, 21 November 2017,   02 Rabiulawal 1439H

Personal Banking

Home Personal Banking Loans > BSN MyHome > Commercial Property

 

BSN MyHome (Commercial Property)

 

BSN MyHome (Commercial Property) provides you with the right financing plan to assist you in securing completed commercial properties.


Requirements


»   
Malaysian citizen aged 21 years and above (subject to age limit of not more than 65 years old at
     end of tenure)

Loan Features

»   Financing Tenure: Up to 20 years or 65 years old upon completion (whichever comes first).
»   Margin of Finance: Up to 80% + 5% (MRTT/MRTA) from purchase price.

»   Applicable at all BSN Main Branches nationwide.
»   Convenient payment channels via:
     -  Over – the – counter at all BSN Branches nationwide.
     -  Standing Instruction / Savings Account.
     -  Interbank GIRO (IBG).
     -  Internet Banking.


Interest Rate

No

Loan Amount

Tenure

Interest Rate

Completed / Under Construction Property

Completed Property

Non Zero Entry Cost (NZEC)

Zero Entry Cost (ZEC)

1

RM 100,000 and above

Year 1

3.00%

4.25%

Year 2

BR + 1.50%

BR + 1.50%

Thereafter

BR + 3.20%

BR + 3.30%

 

No

Loan Amount

Tenure

Completed Property

Non Zero Entry Cost (NZEC)

1

RM 250,000 and above

Year 1

4.00%

Thereafter

BR + 1.50%

 

 Notes:

»  For loan amount of RM350,000 and above with 20 years of loan tenure and no lock-in period, the
    indicative interest rate is BR + 1.50%*. (applicable for NZEC package only).

»  Current BSN Base Rate (BR) is 3.95% (with effect from 21st July 2016).
»  *Eligibility for age limit of 70 years old is subject to Bank's Terms & Conditions.

     *Subject to terms and conditions


Documents Required

For Individual
»
  A copy of NRIC (applicant's / joint applicant's)
»  Pay Slip - original copy and latest three (3) months copies
»  Latest 3 months Bank Statement
»  Latest 6 months Bank Statement (other income)
»  Latest EPF Statement
»  Employer Confirmation Letter
»  J Form / Latest Income Tax Declaration
»  Copy of Sale and Purchase Agreement and / or property documents
»  Copy of Evaluation Report (for property purchase) from the evaluation panel registered with the Bank

 

Documents Required

For Organisation
»  Organisation Bank Statement for the period of six (6) months
»  Organisation Financial Statement for last two (2) years approved by authorised Audit Body
»  B/BE Form & LHDN Receipt
»  Business Registration Certificate (SSM)
»  Memorandum & Articles of Association (M&A) / Form 24, Form 44 & Form 49
»  Board of Director Resolution
*Guarantor: If required, mandatory documents are similar to applicant.


Early Settlement

»  You can settle your loan at any time by submitting written notice to the Bank.


Late Payment Charge


»
    
Monthly Instalments in Arrears x 1% x Number of Days Overdue
                                                     365


Stamp Duty

»  Principal Documents - Will be charged on ad valorem basis.
»  Other Documents – RM 10.00