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Personal Loan Bank Simpanan Nasional (BSN)
Looking for the best financing option? Look no further than the personal loan offered by Bank Simpanan Nasional (BSN). With a maximum loan amount of RM200,000, BSN’s personal loan is designed to meet various financial needs. Whether you’re a government servant, military personnel, or employed in the private sector, this loan is accessible to all.
Bank Simpanan Nasional Berhad (BSN) Personal Loan: Summary
- Bank Name: Bank Simpanan Nasional
- Abbreviation / Code Name: BSN
- Category:#personalloan #Bank #BSN
- Bank Promotion Name: General info about BSN personal financing
- Max Loan Amount: RM200,000
- Overlap: Yes
- Financing Tenure: 10 years
Bank Simpanan Nasional (BSN) Executive-1 Personal Loan: Tailored for Executives
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).
Conclusion
Prior to applying for the Executive-1 personal loan, it’s imperative to meticulously review the eligibility criteria, required documents, and product features. By ensuring compliance with all prerequisites, applicants can expedite the application process and access the financial support they require. Collaborate with BSN today and immerse yourself in the convenience and flexibility offered by the Executive-1 personal loan tailored exclusively for executives.
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).
Personal Loan BSN Limit / Rate
| No | Income | Interest Rate | Loan Limit | Tenure |
| 1 | RM3,000 to RM5,000 | 7.50% | Five (5) times of monthly gross income | Minimum: 2 years Maximum: 10 years |
| 2 | > RM5,000 to RM10,000 | 6.50% | Seven (7) times of monthly gross income | |
| 3 | > RM10,000 | 5.50% | Ten (10) times of monthly gross income / maximum RM200,000 whichever is lower |
Minimum Loan: RM10,000
Late Payment Charge
Monthly Instalments in Arrears×1%× Number of Days Overdue⁄ 365.
The Best Personal Loan Option from BSN: 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.
Personal Loan BSN Limit/ Amounts
Loan amount will be in multiple of RM1, 000 and subject to the following limit :
| Minimum | Maximum |
|---|---|
| RM10,000 | RM200,000 Excluding other charges) |
Financing Rates
| Tenure | Interest Rate |
|---|---|
| 5 – 30 years or subject to the maximum age of 60 years whichever is earlier. |
|
Late Payment Charge
Monthly installments in Arrears × 1% × Number of Days Overdue/ 365
BSN Exec-1 with Floating Rate: The Exclusive Personal Loan Package for Executives
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.
SPD ATM (BSN Personal Loan for Army)
This best personal loan BSN 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.
Frequently Asked Questions (FAQ) about Bank Simpanan Nasional Berhad (BSN)
Curious about Bank Simpanan Nasional Berhad (BSN)? Explore our FAQ section for answers to common questions. Find out more about our services, policies, and how we can meet your needs. Dive into our FAQ to discover everything you need to know before getting started. Start exploring now!
What are the best personal loan offers provided by BSN?
Bank Simpanan Nasional (BSN), a prominent bank in Malaysia, extends various personal financing options to cater to diverse needs. Some of the notable options include:
- Executive-1 Loan
- ASB Loan with Floating Rate
- Exec-1 with Floating Rate
- Financing tailored for armed forces or “Tentera” members
Why do so many people opt for BSN personal loans?
BSN personal loans are favored by many individuals due to several compelling reasons. Firstly, Bank Simpanan Nasional (BSN) is a trusted financial institution in Malaysia with a long-standing reputation for reliability and integrity. This instills confidence among borrowers, knowing that they are dealing with a reputable bank.
Secondly, BSN offers a diverse range of personal loan products tailored to suit different needs and preferences. Whether it’s the Executive-1 Loan, ASB Loan with Floating Rate, Exec-1 with Floating Rate, or specialized financing options for armed forces personnel, BSN provides flexibility and choice to borrowers.
Moreover, BSN personal loans come with competitive interest rates and favorable terms, making them attractive to individuals seeking affordable financing solutions. The bank also offers convenient application processes and efficient customer service, ensuring a hassle-free experience for borrowers.
Additionally, BSN’s widespread presence across Malaysia with numerous branches and digital banking channels makes it easily accessible to borrowers nationwide. This accessibility, coupled with the bank’s commitment to customer satisfaction, contributes to the popularity of BSN personal loans.
Overall, the combination of trustworthiness, product variety, competitive terms, and accessibility makes BSN a preferred choice for individuals seeking personal financing solutions in Malaysia.
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Bank Simpanan Nasional (BSN): Reviews
Customer Reviews about BSN- Bank Simpanan Nasional
Contact Bank Simpanan Nasional (BSN)
- Tel: +6 03 2162 3222
- Fax: +6 03 2613 1888
- Bank Simpanan Nasional
Wisma BSN, 117, Jalan Ampang,
50450 Kuala Lumpur