Sunday, 25 October 2020,   08 Rabiulawal 1442H
Home > Islamic Banking > Financing > BSN MyRinggit-i ASB With Floating Rate


BSN MyRinggit-i ASB With Floating Rate

 
Invest in a better financial future with our BSN MyRinggit-i ASB - A term financing that helps you to purchase ASB unit trust funds.
 
Shariah Concept
Based on the Shariah concept of Tawarruq which comprises of Bai Murabahah and Wakalah contracts, using the commodity (underlying asset) provided by Approved Commodity Provider.
 

 

Eligibility* 

» All qualified ASB investors under the ASNB guidelines.
» Aged 18 to 65 years old at the end of the financing tenure.
   

Documents Required 

» For Permanent Employee:
  i) 1 copy of NRIC (front and back).
  ii) 1 copy of latest salary slip.
  iii) 1 copy of Cash Investment Detail Statement.
    OR
    1 copy of ASB passbook (page of customer's details) / Statement from MyASNB (online) / Any document or statement from ASNB that states name and membership number of unit holders.
  iv) KYC memo between customer and Sales Advisor (SA)
  v) Any 1 of the following documents:
  - Latest EPF statement
  - *Employer Confirmation Letter
  - Latest EA/EC and e-filing form
  Note: *HRMIS can be used for applicants where their salary is managed by Accountant General (AG) / / PDRM / State Treasury.
   
» For Self-Employed:
  i) 1 copy of NRIC (front and back);
  ii) 1 copy of Detailed Statement on Cash.
    OR
    1 copy of ASB passbook (page of customer's details) / Statement from MyASNB (online) / Any document or statement from ASNB that states name and membership number of unit holders;
  iii) 1 copy of latest 6 months bank statement;
  iv) Latest e-B/e-BT slip and e-filing or any verified documents by LHDN.
  v) KYC memo between customer and Sales Advisor (SA).
   
» Customer with payment vouchers as proof of monthly salary receipts:
  i) 1 copy of NRIC (front and back);
  ii) Salary voucher as a payment proof of monthly salary for the latest 6 months.
  iii) 1 copy of Detailed Statement on Cash.
    OR
    1 copy of ASB passbook (page of customer's details) / Statement from MyASNB (online) / Any document or statement from ASNB that states name and membership number of unit holders.
  iv) KYC memo between customer and Sales Advisor (SA).
     
Note: All documents must be certified by BSN staff.
     
     

Feature

» Mode of payment is via BSN Standing Instruction.
   

Financing Limit*

» Financing amount will be in multiple of RM1,000 and subject to the following limit:

Minimum

Maximum

RM10,000

RM200,000
(Excluding other charges)


Rates* 

Financing Tenure

Profit Rate

5 - 30 years or subject to the maximum age of 65 years whichever is earlier

BR + 1.05%
Financing amount up to RM50,000

BR + 0.85%
Financing amount above RM50,000

 
 

Late Payment Charges Based on Ta'widh (Compensation)


»
  Within the Facility Period

    Overdue instalment(s) x 1% x No. of overdue day(s)
                                        365 

 

 »  After the Facility Period

    Outstanding principal x IIMM* x No. of overdue day(s)
                                         365 

 

 

 Note:

» Islamic Interbank Money Market (IIMM) is subject to change from time to time.
» View all banking Rates & Charges.
   
* Subject to the current Bank's terms and conditions