Monday, 17 December 2018,   07 Rabiulakhir 1440H

Islamic Banking

Home > Islamic Banking > Financing > BSN MyRinggit-i SKAN (Klasik)


BSN MyRinggit-i SKAN (Klasik)

 

BSN MyRinggit-i SKAN Klasik is ideal for State Government Department employees who need extra funds to meet their personal needs.


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 to 60 years old (subject to retirement age during completion of the financing).
» State Government Department employees with salary accounts under State Treasury /  Finance Department.
» Minimum income of RM1, 500 per month.
» Permanent employee who has been employed for above 3 months.
» For contract / temporary employee (over 12 months’ service) - guarantor required.
» BSN GIRO/i account holders.


Documents Required

» A copy of your NRIC (both sides).
» Confirmation letter from your employer with the below details:
   -  Name / NRIC No.
 -  Designation / Status
 -  Monthly Salary
 -  Date of Employment
 -  Date of Retirement
» A copy of Salary Slip:
  - Latest 2 months salary slip (Fixed Rate);
  - Latest 1 month salary slip (Floating Rate)
» Authorisation Letter of Salary Deduction (BSN 09-D).
   
   

Guarantor Eligibility

» Malaysian citizen.
» Aged 21 - 58 years old (subject to retirement age during completion of the customer’s financing).
» Federal Government Servants / State Government Department employees with salary accounts under Treasury / State Finance.
» Employed for more than 6 months.
» Minimum income of RM1,500 per month.
» BSN GIRO/i account holders.
   
   

Documents Required for Guarantor

» A copy of your NRIC (both sides).
» Confirmation letter from your employer with the below details:
   -  Name / NRIC No.
 -  Designation / Status
 -  Monthly Salary
 -  Date of Employment
 -  Date of Retirement
» A copy of Salary Slip:
  - Latest 2 months salary slip (Fixed Rate);
  - Latest 1 month salary slip (Floating Rate)
» Authorisation Letter of Salary Deduction (BSN 09-D).
   

 Note:  Subject to the Terms & Conditions.

 


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

RM1,500 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.