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» Malaysian citizen aged 21 to ≤60 years old (subject to retirement age during completion of the loan)*.
» Open to all rank of Malaysian Armed Forces (MAF) staff.
» Permanent employee who has been employed for 3 months and above.
» Minimum gross income (basic salary +fixed allowance) of RM3,000 per month -Lieutenant or equivalent and above.
» Minimum basic salary of RM3,000 per month – Second Lieutenant or equivalent and below.
» Monthly salary payment MUST be through BSN e-Payment System.
» BSN GIRO/i account holder.
*Note: For rank of Second Lieutenant or equivalent and below, the age upon application MUST not less than 5 years from the date of retirement.
» A certified copy of latest 2 months salary slips.
» A certified copy of your NRIC (both sides).
» Confirmation letter from your employer with the below details:
- Name / NRIC No.
- Designation / Status
- Monthly Gross Income
- Date of Employment
- Date of Retirement / Tarikh Tamat Perkhidmatan (TTP).
» Letter of Consent and Undertaking for Salary Account Deduction.
» Proof of having BSN GIRO/i account.
» A copy of form / application letter for salary account transfer to UGAT.
Rank | Minimum | Maximum |
---|---|---|
For rank of Lieutenant or equivalent and above | RM5,000 | RM200,000 |
For rank of Second Lieutenant or equivalent and below | 35 x of monthly gross income / up to RM200,000 (whichever is lower)* |
*Subject to monthly salary deduction limit of not more than 60%.
Rank | Loan Period | Interest Rate |
---|---|---|
For rank of Lieutenant or equivalent and above | 1-10 years | 4.99% |
For rank of Second Lieutenant or equivalent and below | 5.29% |
» The rate on the principal balance of the Facility shall be changed to the Default Rate (6.50%) if you commit any of
the following events :
– early retirement from MAF services;
– quit or resign from MAF services;
– terminated by MAF;
– change BSN Salary Account to other bank or financial institutions;
– fail to pay any of the Instalments in accordance with the repayment schedule as stipulated by the Bank.
» Default Rate (6.50%) will remain unchanged until end of the loan tenure.
» Calculate your monthly repayment. Click here.
» Monthly Installments in Arrears × 1% × Number Of Days Overdue ⁄ 365.