Sunday, 25 October 2020,   08 Rabiulawal 1442H
Home Islamic Banking > Financing > BSN MyRinggit-i Professional


BSN MyRinggit-i Professional

 
BSN MyRinggit-i Professional is specially tailored to help Medical Practitioners and Accountant securing the personal financing they need. No guarantor is required.

 

Shariah Concept
Based on the Shariah concept Tawarruq which comprises of Bai Murabahah and Wakalah contracts, using the commodity (underlying asset) provided by Approved Commodity Provider.
 
 

Eligibility

» Malaysian citizen.
» Age of 21 years old and not exceeding the retirement age or 65 years old at the end of financing tenure, whichever is earlier.
» Eligible for all type of Medical Practitioners (Medical Doctor & Dentist) & Accountant (recognized by Malaysian Institute of Accountants (MIA)).
» Fixed income earner with minimum gross income of RM3,000/month.
» Minimum tenure in service:
  - Permanent (Medical Doctor / Dentist & Accountant): 3 months.
  - Contract (Medical Doctor / Dentist only): 6 months.
» For Sole Proprietorship / Partnership, business has been operated for at least 1 year.
   

Documents Required

1. Salary Earner
» Photocopy of Identity Card
» Applicant's latest 2 months payslip.
» Letter of confirmation from employer.
» Certificate of registration with Malaysian Medical Council (MMC) / Malaysian Dental Council (MDC)
  OR extraction of practitioner information from MMC / MDC website.
» Any document to prove Accountants are recognized by MIA.
» And at least one (1) of these:
  - Latest income statement (EA/EC or e-B/e-BT form); or
  - Latest 3 month Bank Statement of salary crediting account; or
  - Any other latest supporting document such as EPF statement.
   
2. Sole Proprietorship / partnership
» Photocopy of identity card.
» Business Registration.
» Applicant's latest 6 month bank statement.
» Latest annual income statement (EA/EC or e-B/e-BT form) with payment receipt.
» Latest 1 year financial statement.
» Certificate of registration with Malaysian Medical Council (MMC) / Malaysian Dental Council (MDC)
  OR extraction of practitioner information from MMC / MDC website.
» Any document to prove Accountants are recognized by MIA.
   

Feature

» Mode of payment is via BSN Standing Instruction
» No guarantor needed.


Financing Limit

Financing Limit
Minimum RM10,000.00
Maximum Up to RM400,000


Rates

Tenure

Profit Rate

1 - 3 years

BR + 2.20%

4 - 10 years

BR + 2.65%

 Note: 

Additional 1% from the above profit rate for Financing without Takaful.
 
 

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.