Tuesday, 20 August 2019,   17 Zulhijjah 1440H

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BSN MyAuto High Ranking Officials Scheme

 

Features & Benefits

» Attractive financing rates.
» Enjoys Green Lane processing priority.
» Convenient repayment network via various BSN channels.
» Margin of Financing:
  - Minimum of RM50,000 ad up to 90% from the selling price
» Tenure of Financing:
  - Minimum 36 months and Maximum 108 months (subject to retirement age).
» Open to selected brand new national, non-national & unregistered reconditioned vehicles only.
   

Eligibility

» Malaysian Citizens.
» High Ranking Officials of:
  a. Government Sector;
  b. Government Link Company (GLC);
  c. Government Link Agency (GLA); and
  d. 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)

» Application form duly signed by applicant
» Copy of NRIC (both sides);
» Copy of one (1) month latest pay slip; and
» Business/Contact Card
   

Interest Rates

 

Financing Tenure

Vehicles Category

Non-National & Unregistered Reconditioned

National

3 – 4 years

2.53% p.a.

2.85% p.a.

5 – 9 years

2.63% p.a.

2.95% p.a.

Late Payment Charges

Overdue instalment interest of 8% per annum, will be charged on the amount in arrears calculated on a daily basis from the due date of the instalment payment until one day prior to the payment date.
   

Early Settlement

Customer is entitled to a rebate which is the refund of the term charges for the unused tenure.
   
The calculation is based on the formula 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's copy of the Hire Purchase Agreement.
» RM10 for Guarantor's copy of agreement (if applicable).
   
Note:
Any change in fees and charges will be notified by 21 days’ notice in advance from effective date with notification to be sent / posted at the BSN’s branches or uploaded in www.mybsn.com.my website