Wednesday, 12 December 2018,   03 Rabiulakhir 1440H

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BSN MyAuto

 

Own the car you’ve always wanted with our attractive Hire Purchase facility.


Features & Benefits

» Competitive interest rates.
» Convenient repayment network via various BSN channels.
» Margin of Financing:
  - Minimum RM25,000 or up to 90% from the selling price.
» Tenure of Financing:
  - Minimum 36 months and Maximum 108 months (subject to retirement age).
» Open to selected brand new national, non-national & unregistered reconditioned vehicles only.
   

Eligibility

 
Applicants With Salary Deduction Facility
» Employee of organisations that equipped with Biro Perkhidmatan Angkasa (BPA) enablement.
» Federal Government Employees (SKAP)
» Malaysian citizen aged 21 years and above at the time of application and NOT exceeding 60 years old upon completion of financing.
» Permanent employment with at least six (6) months working experience.
» Not a bankrupt.
» Total deduction should NOT exceed 60% of the monthly salary, including this financing instalments.
   
Documents Required
» Application form duly signed by applicant;
» Copy of NRIC (both sides);
» Copy of three (3) month latest Pay Slip;
» Copy of valid Driving License;
» BPA 1/79 Form (For BPA Scheme); or
» Arahan Potongan Gaji BSN 09-A Form (for SKAP Scheme).
» Confirmation Letter from employer, which shall states the followings:
  - Name
  - NRIC
  - Position
  - Status of Employment
  - Date of Employment
  - Monthly Salary
  - Fixed Allowance (if any)
   
Applicants WITHOUT Salary Deduction Facility
» Employee of private sector and selected organisations.
» Malaysian citizen aged 21 years and above at the time of application and NOT exceeding 65 years old upon completion of financing.
» Not a bankrupt
» Permanent employment with at least six (6) months working experience.
» Employees of the following organization:
  a. Selected Premier Developers Program (PDP)
  b. Selected Private Hospitals.
  c. Telecommunication Companies (Telco).
  d. Licensed Financial Institutions.
  e. Selected Private Universities & Colleges.
  f. Multi-National & Locally Incorporated Companies.
  g. PETRONAS Group of Companies (substantial shareholding held by Petronas).
  h. Statutory Bodies.
  i. Government Linked Companies(GLC) & Government Linked Agencies (GLA).
  j. Selected Public Listed Companies.
  k. Professional practitioners – such as Doctors, Architects, Lawyers, Accountants and other certified professional groups.
   
Documents Required
» Application form duly signed by applicant.
» Copy of NRIC (both sides);
» Copy of three (3) months latest pay slip;
» Copy of valid Driving License;
» Copy of Bank statement or latest EPF statement or EA form.
   
Guarantor, If applicable
» Copy of NRIC (both sides);
» Copy of three (3) months latest pay slip;
» Copy of bank statement, or latest EPF statement or EA form.
   

Interest Rate*

» Ranges from *2.55% p.a. to 3.15% p.a.
   
*Individual rate may vary due to category and at BSN's discretion.
   

Late Payment Charges

Overdue instalment interest of 8% per annum, will be charged on the amount in arrears calculated on a daily basis from the due date of the instalment payment until one day prior to the payment date.
   

Early Settlement

Customer is entitled to a rebate which is the refund of the term charges for the unused tenure.
   
The calculation is based on the formula below:

 

Rebate =   n (n+1)     X   TC
    N (N+1)

 

n    =  Remaining Rental Period in Months
N   =  Original Rental Period in Months
TC =  Term Charges

Stamp Duties

» RM10 for Hirer's copy of the Hire Purchase Agreement.
» RM10 for Guarantor's copy of agreement (if applicable).
   
Note:

Any change in fees and charges will be notified by 21 days’ notice in advance from effective date with notification to be sent / posted at the BSN’s branches or uploaded in www.mybsn.com.my website.