Wednesday, 18 September 2019,   17 Muharram 1441H
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:
  - One (1) copy of NRIC (front and back).
  - One (1) copy of Cash Investment Detail Statement
    OR
  - One (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.
  - One (1) copy of latest two (2) months pay slip.
  - KYC memo between customer and Sales Advisor (SA).
     
» For Self-Employed:
  - One (1) copy of NRIC (front and back).
  - One (1) copy of Cash Investment Detail Statement
    OR
  - One (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.
  - One (1) copy of latest three (3) months bank statement.
  - KYC memo between customer and Sales Advisor (SA).
     
» For Customer with salary vouchers as proof of monthly salary receipts: 
  - One (1) copy of NRIC (front and back).
  - One (1) copy of Cash Investment Detail Statement
    OR
  - One (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.
  - Salary voucher as a payment proof of monthly salary for the latest three (3) months.
  - KYC memo between customer and Sales Advisor (SA).
 

 Note:

» All document copies to be certified by BSN's officer.
   

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 + 1.25%
Financing amount up to RM 50,000

BR + 1.05%
Financing amount from RM 50,001 - RM 150,000

BR + 0.85%
Financing amount above RM 150,000

 
 

Late Payment Charges


»
  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