Pinjaman Peribadi BSN

Pinjaman Peribadi BSN

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Pinjaman Peribadi BSN Eksekutif 1
Interest rates based tier basis
2 to 10 years repayment
From RM 10,000 to RM 200,000 financing (subjected to monthly income)
For Malaysians with contract and permanent employment only
Only available for selected private companies

BSN Executive-1 is one of the personal loan that is available to private sector from BSN. This loan is unsecured where no guarantor and collateral are needed. Applicants will enjoy interest rates based on tier basis which is determined by their income. Here are the sum up rates

 

  1. Salary range: RM3,000 to RM5,000 , Rates: 8.50% p.a.
  2. Salary range: RM5,000 to RM10,000, Rates: 7.00% p.a
  3. Salary range: RM10,000 and above, Rates: 6.00% p.a
*Why are there tier rates based on income? This is because bank risk is higher than applicant's salary is lower.

The rates are considered quite competitive compared to other personal loans in Malaysia however the loan is only available to selected panel companies. A borrower will be able to finance from RM 10,000 up to RM 200,000 or 10 times the borrower’s salary whichever that is lower.

This loan is only available for Malaysians from 21 to 60 years of age at the end of loan tenure. Applicants will need to have a minimum monthly salary of RM 3,000 for permanent employment while RM 10,000 for contractual employment while with a minimum 3 years of employment. Applicants will need to open a BSN Giro or Giro-i account.

This loan is only offered to selected private companies and professionals

Selected private companies

  • Telcos
  • Private Hospitals
  • Premier developer panel
  • MNC
  • Professionals which includes architects, lawyers, accountant and doctors
  • Selected Public Listed Companies
  • Petronas employee

There are no lock in period for this loan while early settlement is possible provided with written notification to bank.

Charges

Successful applicants will be charged relevant stamp duty and insurance fees. The insurance fee is subjected to tenure, age and loan amount. Any failed or late payment will be charge 1% p.a. on daily basis.

Requirements

This loan is available for Malaysian Citizens. While being a private loan, it is only available to selected private company ranging from Government Link Companies, Public Listed Companies, Private Education, Petronas, Healthcare and Premiere Developer Panel. Applicants are encouraged to check whether their company is in BSN panel company list before applying. Applicants must be 21 years old and not above 55 or 60 at the end of loan tenure based on retirement age. Applicant must have permanent employment with a minimum salary of RM 3,000.00 for permanent staff or RM 5,000.00 salary for contract staff.

 

Documents required

  • Both sides of IC copy
  • Most recent 3 months income statement
  • Most recent EPF statement
  • Employment confirmation letter which much states Name and IC number, Designation, Start date of Employment and Montly Income

or

  • EA form with LHDN with any relevant income tax receipts

Repayment Table

Jadual pembayaran BSN

  • February 18, 2017
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