Monday, 26 October 2020,   09 Rabiulawal 1442H

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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.


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


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).
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 website