Sunday, 18 November 2018,   08 Rabiulawal 1440H

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BSN MyAuto High Ranking Officials Scheme

 

Eligibility

» Malaysian Citizens
» High Ranking Officials of :-
 
-
Government;
High Ranking Official in Government Sector;
- Government Link Company (GLC);
- Government Link Agency  (GLA); and
- Government Statutory Body.

Note: 
» High ranking officials are classified as management level starting from grade 52 (or equivalent) and above subject to monthly income of RM10,000 and above.
   

Documents Required (Applicant)

» One (1) certified copy of NRIC (both sides);
» One (1) month latest Salary slip; and
» Business/Contact Card
   

Interest rates

Financing Tenure 

Vehicles Category

Non-National & Unregistered Reconditioned

National

3 – 4 years

2.53%

2.85%

5 – 9 years

2.63%

2.95%

 

Features & Benefits

» Competitive financing rate
» Financing application will enjoy Green Lane Priority and approval status is on AM-PM basis.
» Convenient repayment channels -at any BSN Branch nationwide, Standing Instruction, ATM/CDM, MyBSN and any other channel that allowed by BSN.                  
» Minimum financing tenure of 36 months.
» Maximum financing tenure of 108 months (subject to retirement age).
» Opened for brand new national, non-national & unregistered reconditioned vehicles only.

 

Late Payment Charges

» If you fail to make instalment payment as stipulated in the Hire Purchase Agreement, you will be charged a late payment penalty as below:
Conventional 8% per annum on the outstanding monthly instalment. 

 

Early Settlement

» You will be entitled for the rebate which is the refund of the term charges for the unutilised tenure. The calculation is based on the formula below as stipulated in the Hire Purchase Act 1967 as below:

 

Rebate =   n (n+1)     X   TC
    N (N+1)

 

n    =  Remaining Rental Period in Months
N   =  Original Rental Period in Months
TC =  Term Charges

 

Stamp Duties

» RM10 for Hirer Purchase Agreement.
» RM10 for Guarantee Agreement (if applicable).