Tuesday, 21 November 2017,   02 Rabiulawal 1439H

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BSN MyAuto High Ranking Officials Scheme

 

Eligibility

» Malaysian Citizens
» High Ranking Officials of :-
 
-
Government;
High Ranking Official in Government Sector;
- Government Link Company (GLC);
- Government Link Agency  (GLA); and
- Government Statutory Body.

Note: 
» High ranking officials are classified as management level starting from grade 52 (or equivalent) and above subject to monthly income of RM10,000 and above.
   

Documents Required (Applicant)

» One (1) certified copy of NRIC (both sides);
» One (1) month latest Salary slip; and
» Business/Contact Card
   

Interest rates

Financing Tenure 

Vehicles Category

Non-National & Unregistered Reconditioned

National

3 – 4 years

2.53%

2.85%

5 – 9 years

2.63%

2.95%

 

Features & Benefits

» Competitive financing rate
» Financing application will enjoy Green Lane Priority and approval status is on AM-PM basis.
» Convenient repayment channels -at any BSN Branch nationwide, Standing Instruction, ATM/CDM, MyBSN and any other channel that allowed by BSN.                  
» Minimum financing tenure of 36 months.
» Maximum financing tenure of 108 months (subject to retirement age).
» Opened for brand new national, non-national & unregistered reconditioned vehicles only.

 

Late Payment Charges

» If you fail to make instalment payment as stipulated in the Hire Purchase Agreement, you will be charged a late payment penalty as below:
Conventional 8% per annum on the outstanding monthly instalment. 

 

Early Settlement

» You will be given a statutory rebate on the unexpired rental period. The statutory rebate computation is as below:
Conventional

Rebate = Term Charges (Interest Charges) X n (n+1)  ⁄  N (N+1)

Where;
n = remaining rental period,
N = Original rental period, and
Term Charges (Interest Charges) = total interest charged

 

Stamp Duties

» RM10 for Hirer Purchase Agreement.
» RM10 for Guarantor Purchase Agreement (If applicable).