Monday, 17 December 2018,   07 Rabiulakhir 1440H

Islamic Banking

Home > Islamic Banking > Financing > BSN MyRinggit-i Sandaran BSN SSP


BSN MyRinggit-i Sandaran BSN SSP

 

With BSN MyRinggit-i Sandaran BSN SSP, you can pledge your BSN SSP to the back to secure extra cash in hand. No guarantor is required. What’s more, you’ll still be eligible for the Monthly BSN SSP Draw and its attractive prizes!

 

Shariah Concept
Based on the Shariah concept Tawarruq which comprises of Bai Murabahah and Wakalah contracts, using the commodity (underlying asset) from Bursa Suq al Sila'.

 

 

Eligibility 

» Malaysian citizen aged 18 years old and above (not more than 65 years old at the end of financing period).
» Authorised BSN SSP unit / certificate holder.

 

Documents Required 

» Copy of NRIC (front and back).
» Original SSP certificate or BSN SSP purchase prints.
»
Copy of any BSN Account (if applicable). 
Copy of any BSN Giro/i Account (if applicable). 
*Terms and Conditions apply.
 

 

Feature

» Mode of payment is via BSN Standing Instruction
» No guarantor required. Applicant's BSN SSP certificate will be pledged to the Bank instead


 

Financing Limit

Financing Limit
Minimum RM5,000.00
Maximum 95% from the value of applicant's BSN SSP


Rates 

Tenure (years) Profit Rate(%) Financing Amount (RM)
1 to 2 3.00% Minimum 5,000.00
3 to 10 3.50% Minimum 10,000.00
3 to 10 4.00% Less than 10,000.00

For Monthly Instalment Calculation, click here.


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.