Monday, 6 July 2020,   15 Zulkaedah 1441H



The simplest way of buying a new car for the customer



Kuala Lumpur, 5 March 2015 – Bank Simpanan Nasional (BSN) today launched its first 'Auto Finance Centre' (AFC) at Wisma RKT, Jalan Raja Abdullah, Kuala Lumpur.

Started its operation since December last year, it is supported with a strength of almost 40 trained staff ready to assist customers with their automobile financing. The customers can visit and make their transactions at BSN AFC from 9.00 am to 5.00 pm from Monday to Friday.

Speaking at the launching ceremony, YBhg Datuk Yunos Abd Ghani, Deputy Chief Executive said, "The launch of the BSN AFC is a strategic move in responding to market and consumer demands. Apart from other loan products that BSN offers, hire purchase is quickly becoming our key strength and fulfilling the vehicle financing needs of our customers via our BSN AFC is a natural progression”.

In today’s competitive market situation, BSN AFC is committed to provide excellent and efficient service to be at par with the other market players. “We aim to serve all Malaysians with attractive and efficient hire purchase financial needs including those from private sectors, professionals and public sectors. All financing and disbursements operations are fully handled by this centre. This ensures all our customers and car dealers that all relevant transactions are executed fast and more effectively”, he explained.

“Apart from offering attractive products, the choice of a right location also plays a very important role. Therefore, Wisma RKT was chosen due to its location, situated within the KL business district, which is also easily accessible by other modes of public transportation including the bus and LRT. The customers and car dealers will have easy access to public transportation to visit the centre, “he added.

“We are confident that with the establishment of AFC and full support from our customers and business partners, BSN AFC will achieve the aspired target, which is to be contributing up to 10% of the total Bank’s income in 3 years’ time,” he continued.

BSN AFC provides both conventional and Islamic hire purchase financing. In conjunction with the launch, BSN also offers special interest rates for customers who purchase Proton Iriz and Perodua Axia for a limited time period from January 2015 to March 2015.


About BSN Hire Purchase

BSN Hire Purchase is a loan facility that enables customers to finance the purchase of their dream cars.

BSN is offering two (2) Hire Purchase schemes:-

i. Non Salary Deduction
    -  This scheme are for employees of organisation that do not participate in BPA or government servant who opt not to perform salary deduction. 

ii. Salary Deduction via BPA
    This scheme is for government servants and employees of organisations that participate in BPA.

With the aspiration to be the preferred provider of comprehensive financial services for Malaysians, BSN offers the following distinctions:-

i. Competitive interest rate.

ii. Convenience repayment mode that caters to customer needs as follows:-

a. Salary deduction via Biro Perkhidmatan Angkasa (BPA)
b. Any BSN Branch nationwide 
c. Standing instructions (BSN or other Financial Institutions) 
e. Interbank Giro (IBG). 

iii. Offered to only new national, new non national and unregistered reconditioned car

iv. Hassle free application


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Press Release