Bank Simpanan Nasional (BSN)

Empower your financial journey with BSN Bank Simpanan Nasional’s personal financing options in Malaysia, catering to both public and private sector employees. Enjoy competitive interest rates and access up to RM200k in financing. Click for more details.

Personal Loan for Government Sector

Take control of your finances with BSN Bank Simpanan Nasional’s personal loan options in Malaysia. Designed for public and private sector workers, enjoy low interest rates and flexible financing solutions, with funding up to RM200k. Click now for more information and embark on your path to financial freedom!

Personal Loan

• Public Sector
• Private Sector

BSN MyRinggit (Public Sector)

Eligibility

• Malaysian citizen aged 21 years old to 60 years old (subject to retirement age at the end of loan tenure).
• Works in government sector / GLA / GLC / organizations which has the facility of salary deduction through BPA.
• Minimum income of RM1,500 per month.
• Permanent employee who has been employed for 3 months and above.
• Contract / temporary employee (over 12 months’ service).
• BSN Giro/i account holder.

Documents Required

1. A copy of NRIC (both sides).
2. Confirmation letter from employer; AND
3. Latest 2 months’ salary slip.

Terms & conditions apply

MyRinggit-i (Public Sector): Shariah-Compliant

Bank Simpanan Nasional Berhad (BSN) offers the MyRinggit-i financing solution tailored specifically for individuals in the public sector. Grounded in the Shariah concept of Tawarruq, this financing option provides access to funds while adhering to Islamic principles.

Shariah Concept

The MyRinggit-i (Public Sector) financing follows the Shariah concept of Tawarruq, incorporating Bai Murabahah and Wakalah contracts. It utilizes commodities provided by approved commodity providers as underlying assets, ensuring compliance with Islamic finance principles.

Terms and Conditions

To be eligible for the MyRinggit-i (Public Sector) financing, applicants must meet the following criteria:

• Malaysian citizen aged between 21 to 60 years old (subject to retirement age at the end of financing tenure).
• Employed in the government sector, government-linked agencies (GLA), government-linked companies (GLC), or organizations offering salary deduction through BPA.
• Minimum monthly income of RM1,500.
• Permanent employees with a tenure of 3 months or more, or contract/temporary employees with over 12 months of service.
• Must be a BSN Giro/i account holder.

Documents Required

Applicants need to provide the following documents for the application process:

• Copy of NRIC (both sides).
• Confirmation letter from the employer.
• Latest 2 months’ salary slip.

Financing Information

The MyRinggit-i (Public Sector) financing offers competitive rates and flexible terms:

• Profit Rate: Fixed rate ranges from 4.60% to 6.99%, while floating rate ranges from BR + 1.75% to BR + 3.77%.
• Financing Rate without Takaful: An additional 1% from the above profit rate.
• Financing Limit: Minimum RM5,000 to maximum RM200,000.
• Financing Tenure: Up to 10 years.

Terms and conditions apply to the MyRinggit-i (Public Sector) financing. With Bank Simpanan Nasional Berhad’s commitment to providing Shariah-compliant financing options, individuals in the public sector can access convenient and ethical financing solutions tailored to their needs.

SPD ATM

This offer exclusively to Malaysian Armed Force Personnel. Malaysian citizen. Aged 21 to ≤ 60 years old (subject to retirement age during completion of the loan). Malaysian Armed Force (MAF) staff- Lieutenant or equivalent and above only. Permanent employee who has been employed for ≥3 months. Minimum gross income (basic salary + fixed allowance) of RM3,000 per month. Monthly salary payment MUST be through BSN e-Payment System. BSN GIRO/ GIRO-i account holder. Document required:

• A certified copy of latest 2 months’ salary slips.
• A certified copy of your NRIC (both sides).
• Confirmation letter from your employer with the details: Name/ NRIC No.- Designation / Status- Monthly Gross Income- Date of Employment- Date of Retirement / Tarikh Tamat Perkhidmatan (TTP).
• Letter of Consent and Undertaking for Salary Account Deduction.
• Proof of having GIRO / GIRO-i account.

Loan Limit Min. and Max.

Min. 5k and max is RM200,000

Interest Rate

1 to 10 years: 4.5%

The rate on the principal balance of the Facility shall be changed to the Default Rate (6.50%) if you commit any of the following events: – early retirement from MAF services;– quit or resign from MAF services;– terminated by MAF;– change BSN Salary Account to other bank or financial institutions;– fail to pay any of the Instalments in accordance with the repayment schedule as stipulated by the Bank.»Default Rate (6.50%) will remain unchanged until end of the loan tenure.

Personal Loan for Private Sector

BSN MyRinggit (Eksekutif-1)

Our BSN MyRinggit Eksekutif-1 is exclusively designed to help you meet your personal financing needs at affordable rates.

Eligibility

• Malaysian citizen aged 21 years old to 55 / 60* years old (subject to retirement age at the end of the loan tenure).
• Open to permanent & contract officers and staff that have minimum one year of working experience.
• Offered only to employees of Premier Developer Panel, Private Hospital, Telecommunication Company, Licensed Financial Institution, Multinational Company, PETRONAS Group of Companies, Selected Private University & College, Statutory Body, Government Link Company, Selected Public Listed Company in Main Market Bursa Malaysia (Financial, Plantation, Property, Technology, Trading / Service, Industrial Product, Consumer Sectors only) and Professionals (Doctor, Architect, Lawyer, Accountant and other certified Professionals).
• Minimum gross income of RM3,000 per month (permanent staff) & RM10,000 (contract staff).
• Bank Simpanan Nasional GIRO/ i-Account holders.

Note: *Subject to employer confirmation

Documents Required

• A copy of NRIC (front and back)
• A copy of latest 3 months’ payslip
• Latest EPF statement; AND
• Confirmation Letter by Employer stating the below:
  – Name
  – NRIC
  – Designation
  – Monthly Salary
  – Date of Employment
  OR
• Latest EA / EC statement and latest e-filing form or any verified documents by the Inland Revenue Board (LHDN).Note: All document copies to be certified by Bank Simpanan Nasional officer.

Terms & conditions apply.

BSN MyRinggit-i (Eksekutif-1): Private Sector

Bank Simpanan Nasional Berhad (BSN) introduces the MyRinggit-i Eksekutif-1, a specialized financing solution tailored for individuals in the private sector. Designed to meet your personal financing needs at affordable rates, this financing option operates based on the Shariah concept of Tawarruq, ensuring compliance with Islamic principles.

Financial Terms

The MyRinggit-i Eksekutif-1 is available to Malaysian citizens aged between 21 to 55 / 60* years old, subject to retirement age at the end of the financing tenure. Key eligibility criteria include:

• Open to permanent & contract officers and staff with a minimum of one year of working experience.
• Exclusive to employees of Premier Developer Panel, Private Hospital, Telecommunication Company, Licensed Financial Institution, Multinational Company, PETRONAS Group of Companies, Selected Private University & College, Statutory Body, Government Link Company, Selected Public Listed Company in Main Market Bursa Malaysia (Financial, Plantation, Property, Technology, Trading / Service, Industrial Product, Consumer Sectors only), and Professionals (Doctor, Architect, Lawyer, Accountant, and other certified Professionals).
• Minimum gross income of RM3,000 per month for permanent staff and RM10,000 for contract staff.
• Applicants must be BSN GIRO/i Account holders.

Note: *Subject to employer confirmation

Financing Info

The MyRinggit-i Eksekutif-1 offers competitive profit rates and flexible financing limits based on income:

• Profit Rate: Fixed rate ranges from 6.00% to 8.50%, while the floating rate is BR + 5.00%.
• Profit Rate Without Takaful: An additional 1% from the above profit rate.
• Financing Limit: Determined based on monthly gross income:
  • RM3,000 to RM5,000: 5x of monthly gross income
  • RM5,000 to RM10,000: 7x of monthly gross income
  • RM10,000: 10x of monthly gross income or maximum RM200,000, whichever is lower.
• Financing Tenure: Minimum 2 years, maximum 10 years.
• Method of Payment: BSN Standing Instruction.

Terms and conditions apply to the MyRinggit-i Eksekutif-1 financing. With BSN’s commitment to providing accessible and affordable financing solutions, individuals in the private sector can now fulfill their financial needs with ease and convenience.

MyRinggit-i PRIMA for Medical Practitioners

Medical practitioners play a crucial role in society, providing essential healthcare services to the community. Recognizing their contribution, Bank Simpanan Nasional Berhad (BSN) offers the Personal Financing MyRinggit-i PRIMA, specially crafted to assist medical practitioners in securing the financing they require.

Shariah-Compliant Financing

The Personal Financing MyRinggit-i PRIMA operates on the Shariah concept of Tawarruq, ensuring compliance with Islamic principles. This financing solution comprises Bai Murabahah and Wakalah contracts, utilizing commodities from Bursa Suq al Sila’ as underlying assets.

Eligibility and Terms

To qualify for BSN Personal Financing MyRinggit-i PRIMA, applicants must meet the following criteria:

• Age: Malaysian citizens aged between 21 to 65 years old (for medical doctors) and 50 years old (for medical officers).
• Income: Minimum gross income of RM3,000.00 per month.
• BSN Account: Applicants must hold a Bank Simpanan Nasional Berhad GIRO/i account.

BSN Exec-1 with Floating Rate

Bank Simpanan Nasional is proud to introduce the BSN Exec-1 with Floating Rate, an exclusive personal loan package tailored specifically for executives. This package is designed to provide exceptional benefits and privileges exclusively to employees of reputable organizations across various sectors.

Exclusive Eligibility Criteria

This executive loan package is available to Malaysian citizens aged between 21 to 55/60 years old, subject to the retirement age policy. It is open to Executives and above who have been employed for at least one year. Additionally, applicants must meet the following minimum gross income requirements:

• RM3,000 and above for Permanent Employees.
• RM10,000 and above for Contract Employees.

Furthermore, applicants must be BSN GIRO/GIRO-i account holders to qualify for this exclusive package.

Eligible Organizations and Professionals

The Bank Simpanan Nasional (BSN) Exec-1 with Floating Rate package is available to employees of various reputable organizations, including but not limited to:

• Premier Developer Panel
• Private Hospitals
• Telecommunication Companies
• Licensed Financial Institutions
• Multinational Companies
• PETRONAS Group of Companies
• Selected Private Universities & Colleges
• Statutory Bodies
• Government Link Companies
• Selected Public Listed Companies in Main Market Bursa Malaysia

Professionals such as Doctors, Architects, Lawyers, Accountants, and other certified Professionals are also eligible to apply for this exclusive package.

Unparalleled Advantages

Applicants for the Bank Simpanan Nasional (BSN) Exec-1 with Floating Rate can enjoy numerous benefits, including competitive interest rates, flexible repayment terms, and convenient loan processing. However, it is important to note that all applications must undergo employer confirmation to ensure eligibility.

Secure Financial Support for Executives

By meeting the eligibility criteria outlined above, executives can access the BSN Exec-1 with Floating Rate personal loan package. With attractive benefits and convenient terms, this exclusive package ensures executives receive the financial support they need to achieve their goals and aspirations. Apply now and experience the unparalleled advantages of BSN’s executive loan package.

Other Financing

MyRinggit Sandaran Term Deposit

Getting hold of extra funds couldn’t be easier for MyRinggit Term Deposit Certificate Holders. Our MyRinggit Sandaran Term Deposit allows you to secure up to 95% of your BSN Term Deposit value without any guarantor!

Eligibility

• Malaysian citizen aged 18 years and above (not exceeding 65 years old on the loan expiry date).
• BSN Term Deposit authorized certificate holder.

Documents Required

• A Copy of your NRIC (both sides).
• Original certificate of BSN Term Deposit.
• Copy of GIRO/i Passbook / Statement.

Features and Rates

The features, benefits and rates for BSN personal loan for MyRinggit Sandaran BSB Term Deposit are as follows:

MyRinggit Sandaran Term Deposit Monthly Instalment Computation

* Subject to the current Bank’s terms and conditions

BSN Executive-1

Bank Simpanan Nasional (BSN) introduces the Executive-1 personal loan package, crafted exclusively to meet the unique financial requirements of executives. This specialized loan offering caters to Malaysian citizens aged between 21 to 55 or 60 years old at the end of the loan tenure, providing a bespoke solution for individuals in managerial positions.

Eligibility and Application Process

The Executive-1 personal loan extends its accessibility to both permanent and contract officers and staff, requiring a minimum of three years of working experience. Available exclusively to employees of selected organizations, including premier developer panels, private hospitals, telecommunication companies, licensed financial institutions, multinational corporations, PETRONAS group companies, selected private universities and colleges, statutory bodies, government-linked companies, and selected public listed companies in specific sectors.

Furthermore, professionals such as doctors, architects, lawyers, accountants, and other certified professionals are also eligible to apply. Applicants must meet a minimum gross income requirement of RM3,000 per month for permanent staff and RM10,000 per month for contract staff. Additionally, applicants must maintain a BSN GIRO or GIRO-i account.

Required Documentation

Applicants are required to furnish several documents, including copies of the latest three months’ salary slips, a copy of their NRIC (both sides), the latest EPF statement, and a confirmation letter from their employer. The confirmation letter should comprehensively outline the applicant’s name and NRIC, designation and employment status, monthly salary, and date of employment. Alternatively, applicants can provide their latest EA/EC statement and e-filing form or any verified documents by the Inland Revenue Board (LHDN).

Features and Benefits

The Executive-1 personal loan offers an array of features, including a convenient mode of payment via standing instruction from other financial institutions where the customer’s salary account is credited. Customers can also make payments using BSN Standing Instruction, ATM/CDM, and IBG (Interbank Giro).

Note: *Subject to the current Terms & Conditions.

Product Features

Mode of payment is via standing Instruction from other Financial Institutions where the customer salary account is credited. BSN Standing Instruction. ATM/CDM and IBG (Interbank Giro).

Limit / Rate

Minimum Loan: RM10,000

Late Payment Charge

Monthly Instalments in Arrears×1%× Number of Days Overdue⁄ 365.

ASB Loan (SPD ASB) With Floating Rate

In today’s fast-paced world, financial needs can arise suddenly and unexpectedly. Whether it’s for emergency expenses, education, or fulfilling personal aspirations, having access to quick and reliable funds is crucial. This is where Bank Simpanan Nasional (BSN) steps in to offer the best personal loan solutions tailored to your specific requirements.

Affordable and Flexible Personal Loans

BSN understands the diverse financial needs of individuals and strives to provide affordable and flexible personal loan options. Whether you’re looking to consolidate debts, renovate your home, or cover medical expenses, BSN’s personal loans offer competitive interest rates and repayment terms designed to ease your financial burden.

Introducing the ASB Loan

In addition to personal loans, Bank Simpanan Nasional (BSN) also offers the ASB Loan, another attractive term loan option. This loan is specifically designed for those interested in purchasing ASB (Amanah Saham Bumiputera) unit trusts. With the ASB Loan, investors can leverage their ASB investments to access additional funds for various purposes.

Eligibility Criteria

To be eligible for Bank Simpanan Nasional (BSN)’s personal loans or ASB Loan, applicants must meet certain criteria:

Product Eligibility:

• All qualified ASB investors under the ASNB guidelines.
• Aged between 18 to 60 years old at the end of the loan tenure.
• Can be either a permanent employee or self-employed.

Documents Required:

For Permanent Employees:

• One (1) copy of NRIC (front and back).
• One (1) copy of ASB passbook.
• One (1) copy of the latest two (2) months’ pay slip.

For Self-Employed Individuals:

• One (1) copy of NRIC (front and back).
• One (1) copy of ASB passbook.
• One (1) copy of the latest three (3) months’ bank statement.

Please note that all document copies must be certified by BSN’s officer. By meeting these requirements and submitting the necessary documents, applicants can quickly access the funds they need through BSN’s personal loans or ASB Loan. With Bank Simpanan Nasional, getting the financial assistance you need has never been easier.

Limit/ Amounts

Loan amount will be in multiple of RM1, 000 and subject to the following limit :

Financing Rates

Late Payment Charge

Monthly installments in Arrears × 1% × Number of Days Overdue/ 365

Contact BSN (Bank Simpanan Nasional)

Bank Simpanan Nasional
Wisma BSN, 117, Jalan Ampang
50450 Kuala Lumpur

Tel: +6 03 2162 3222
Fax: +6 03 2613 1888