Monday, 23 April 2018,   07 Syaaban 1439H

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BSN MyAuto

 

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

 


Features & Benefits

»  Competitive interest rate.
»  Convenient repayment channel, via any BSN Branch nationwide.
»  Margin of Finance: Minimum RM25,000 or up to 90% from the selling price.
»  Minimum loan tenure of 36 months.
»  Maximum loan tenure of 108 months (subject to retirement age).
»  Opened for selected brand new vehicles & reconditioned vehicles only.

 

Eligibility

 

For Applicants with Salary Deduction Facility

»  Malaysian citizen aged 21 years old and above (subject to age limit of not more than 60* years
    old or pensioned at end of tenure - whichever is earlier.)
»  Permanent employees of:
       »  Government Departments and its subsidiaries.
       »  Federal Government Servant.
       »  Statutory Bodies and its Subsidiaries.
       »  Any employees of organization that has a payroll deductions scheme via Biro Perkhidmatan
          Angkasa (BPA).

»  Permanent employee with minimum six (6) months working experience.
»  Salary Deduction Limit: up to  60% of monthly salary, including the repayment of this 
    loan. 

*Applicant must have the 60-years-old retirement option.

 

Documents Required*:

»  Completed application form duly signed by applicant;
»  One (1) month latest Salary Slip;
»  A copy of NRIC (both sides);
»  A copy of 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 
    - Designation 
    - Employment Status
    - Date of Employment
    - Monthly Salary

 

For Applicants WITHOUT Salary Deduction Facility

»  Malaysian citizen aged 21 years and above (subject to age limit of not more than 65 years old on the date
    of expiry of the financing – whichever is earlier).
»  Permanent worker with minimum six (6) months working experience.
»  Open to employees from:
       »  Premier Developer Panel (PDP)
       »  Private Hospital.
       »  Telecommunications Company.
       »  Licensed Financial Institution.
       »  Selected Private University & College.
       »  Multi-National & Locally Incorporated Company.
       »  PETRONAS Group of Companies.
       »  Multi-National & Locally Incorporated Company.
       »  PETRONAS Group of Companies.
       »  Statutory Body.
       »  Government-Linked Company & Government-Linked Agency.
       »  Selected Public Listed Company in Main Market Bursa Malaysia:
       »  Government-Linked Company & Government-Linked Agency.
            »  Financial Sector.
            »  Plantation Sector.
            »  Property Sector.
            »  Technology Sector.
            »  Trading / Service Sector.
            »  Industrial Product Sector.
            »  Consumer Sector.
       » Professional – Doctor, Architect, Lawyer, Accountant and other certified Professionals.

 

Documents Required*:

»  Completed application form duly signed by applicant.
»  Three (3) months latest Salary Slip;
»  A copy of NRIC (both sides);
»  A copy of Driving License;
»  A copy of Bank Passbook(or Bank Account Statement) and
»  EPF statement or EA form. 

* Guarantor: If required; mandatory documents are similar to applicant.

 

Interest Rate*:

»  From 2.55% to 3.15%

*Individual rate may vary subject to selected category and at BSN's discretion.

 

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 entitled for the rebate which is the refund of the term charges for the unutilised tenure. The calculation is based on the formula below as stipulated in the Hire Purchase Act 1967 as 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 Purchase Agreement.
» RM10 for Guarantee Agreement (if applicable).