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 Benefits
Guarantor | Without guarantor required. Just mortgage your Term Deposit Certificate. |
Minimum Loan Limit | RM5,000. |
Maximum Loan Limit | 95% from your Term Deposit value. |
Minimum Loan Period | Two (2) years |
Maximum Loan Period | Ten (10) years |
Payment Channel | BSN Standing Instruction |
Rates
The rates for BSN personal loan for MyRinggit Sandaran BSB Term Deposit are as follows:
Loan Amount | Interest Rate |
< RM100,000 | BR + 2.50% |
> RM 100,000 | BR + 2.00% |
MyRinggit Sandaran Term Deposit Monthly Instalment Computation
Loan Amount | RM99,500.00 | RM100,000.00 |
Period | 5 years | 5 years |
Factor | 19.5427 | 19.3096 |
Loan | Period (year) | Factor | Calculation | Instalment (RM) |
---|
99,500 | 5 | 19.5427 | 99.5 x 19.5427 | 1,945 |
100,000 | 5 | 19.3096 | 100 x 19.3096 | 1,931 |
Loan Limit*
Loan amount will be in multiple of RM1, 000 and subject to the following limit:
Minimum | Maximum |
---|
RM10,000 | RM200,000 (Excluding other charges) |
---|
Rates:
Tenure | Interest Rate |
5 – 30 years or subject to the maximum age of 65 years whichever is earlier. | BR + 1.05% Loan amounts up to RM50,000 BR + 0.85% Loan amount above RM50,000 |
* Subject to the current Bank’s terms and conditions