Monday, 17 December 2018,   07 Rabiulakhir 1440H

Islamic Banking

Home > Islamic Banking > Financing > BSN MyRinggit-i BPA (Super Klasik B)


BSN MyRinggit-i BPA (Super Klasik B)


BSN MyRinggit-i BPA Super Klasik B offers a lower profit rate to Government Servants and employees of Statutory Bodies with monthly salaries of RM2,500.00 or more.
 

Shariah Concept

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

 

Eligibility

» Malaysian citizen aged 21 - 60 years old (subject to retirement age during completion of the financing).
»
Employees of government / Statutory Bodies / selected organisations with salary deduction 
    facility through BPA.
Employees of government / Statutory Bodies / selected organisations with salary deduction facility through BPA.
» Minimum fixed income of RM2,500.00 per month.
» Permanent employee who has been employed for more than 3 months – no guarantor required.
» For contract / temporary employee (over 12 months’ service) - guarantor required. 
» BSN GIRO/i account holders.


Documents Required

» Two copies of your NRIC (both sides).
» Confirmation letter from your employer with the following details:
-  Name / NRIC No.
-  Designation / Status
-  Monthly Salary
-  Date of Employment
-  Date of Retirement
» Two copies of latest Salary Slips.
» Authorisation Letter of Salary Deduction from your employer via Biro Perkhidmatan Angkasa (BPA 1/79)


Guarantor Eligibility

 » Malaysian citizen aged above 21 years old. 
 
- For employee of government / Statutory Bodies, guarantor’s age should be less than 58 years upon completion of customer’s financing;
- For employee of any organisation with salary deduction facility through BPA, guarantor’s age should be less than 55 years upon completion of customer’s financing.
 » Employee of government / Statutory Bodies / selected organisations salary deduction facility through BPA.
 » Employed for more than 6 months.
 » Minimum basic salary of RM2,500.00 (subject to equivalent or higher than the basic salary of the borrower). 
 » BSN GIRO/i account holders.


Documents Required for Guarantor

 » Two copies of your NRIC (back and front).
 » Confirmation letter from your employer with the below details:
     -  Name / NRIC No.
     -  Designation / Status
     -  Monthly Salary
     -  Date of Employment
     -  Date of Retirement
 » Two copies of latest Salary Slip.
 »  Authorisation Letter of Salary Deduction from your employer via Biro Perkhidmatan Angkasa (BPA 1/79A).


Mode of Payment

» Via Biro Perkhidmatan Angkasa.


Financing Limit

MinimumMaximum
RM5,000.00 RM200,000.00
*Subject to monthly salary deduction limit of not more than 60%.

 

Fixed Rate

No.

Income

Profit Rate

Financing Period

1

RM2,500 to RM5,000

4.75%

Minimum : 2 years
Maximum: 10 years

2

> RM5,000

4.60%

 

Floating Rate

Financing Period (years)

2 - 10

Credit Score

1

2 & 3

4

Profit Rate (% per annum)

BR* + 3.22

BR* + 3.39

BR* + 3.77

Effective Profit Rate (%)

7.32

7.49

7.87

 Note:  Current BSN Base Rate *(BR) is 4.10% (with effect from 7th February 2018).

   
   

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.