BSN MyRinggit-i PRIMA Personal Financing

  • Profit Rate
    6.50% p.a.
  • Max. Financing Amount
    RM 400,000
  • Approval Duration
    Up to 5 business days

Calculate your financing repayment instantly

RM
year(s)
RM
You Pay
RM 89 /mth
Profit Rate
Total Profit Payable
RM 70
Total Repayment
RM 1,070

Key Features

Approved loan amount of up to RM400,000.

Approved loan amount of up to RM400,000.

Fixed interest rate of 6.5% per annum.

Fixed interest rate of 6.5% per annum.

Fixed interest rate of 6.5% per annum.

Applicant covered by Takaful protection.

More details

  • icon Features Features

    Approval Duration
    Up to 5 business days
    Min. Financing Amount
    RM 10,000
    Max. Financing Amount
    RM 400,000

    Other features

    Min Loan Tenure
    1 year
    Max Loan Tenure
    Up to 10 years
    Profit Rate
    Fixed rate of 6.50% per annum

  • icon Eligibility/Documents Eligibility/Documents

    Age Requirement
    21-65 years old
    Min. Monthly Salary
    RM 3,000

    Other eligibility requirements

    Need to open linked bank account?
    Yes
    Guarantor Collateral Requirement
    N/A

  • icon Fees and charges Fees and charges

    Processing Fees
    Free
    Stamp Duty
    0.5% on loan amount

    Other fees and charges

    Early Settlement
    N/A
    Late Payment Charges
    1% on outstanding loan amount
    Other Fee
    Wakalah fees RM30
Last updated: May 24, 2022

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How do you apply for a personal financing online?

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Step 1

Use our personal financing calculator to find the best personal financing based on your requirements and eligibility.

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Step 2

Select the best product that fits your requirements from the list of recommended personal financing products listed and click on the Apply button.

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Step 3

Fill in a form with your details to be submitted for application, and a representative from iMoney or the bank will call you to process the application.

Review by iMoney

BSN MyRinggit-i PROFESSIONALi is a personal loan for all types of Malaysian medical practitioners, dentists and accountants (recognised by the Malaysian Institute of Accountants that are looking for a financing amount of up to RM 400,000. It also has a relatively low instalment (as low as 6.50%) and decent financing with a medium gross income requirement of RM3,000 per month.

Best for: Personal use including your kid’s education fund or own further studies

Income requirements: Minimum RM 3,000/month.

Pros:

  • Maximum financing amount of RM 400,000
  • Low income requirement (RM3,000/month)
  • Wide age range eligibility (21 – 65 years old)
  • No guarantor required
  • No stamp duty, no processing fee and no early settlement fee

  • You can apply for a BSN MyRinggit-i PRIMA Personal Financing here.

  • You can borrow up to RM 250,000.

  • 7 years.

  • The interest rate is yearly (per annum) and will depend on your financing amount, tenure, as well as your individual risk rating. The fixed rate is as low as 6.50%.

    Check your iMoney CreditScore for free to find out how your credit health is.

  • BSN MyRinggit-i PRIMA Personal Financing is open for government servants or GLC employees between the ages of 21 and 65 years old, who earn RM3,000 and more per month. You are also required to open a linked bank account for this personal financing option.

    • Malaysian citizen or Malaysian PR Status
    • Medical Practitioners (Medical Doctor & Dentist) & Accountant (recognized by Malaysian Institute of Accountants (MIA))
    • Age: 21 – 65 years old
    • Minimum gross income of RM3,000
    • Maximum loan of RM 400,000

  • Once you have completed your application with iMoney, you are required to provide the following documents for your application:

    • Front & back copy of NRIC
    • 2 months’ payslip
    • Letter of Employment
    • Certificate of registration with Malaysian Medical Council (MMC)/Malaysian Dental Council (MDC) OR extraction of Practitioner Information from MMC/MDC website
    • Any document to prove Accountants are recognised by Malaysia Institute of Accountants (MIA)
    • Latest income statement (EA/EC or e-B/e-BT form), OR
    • Latest 3 months’ bank statements of salary crediting account, OR
    • EPF statements

    If sole proprietor or partnership:

    • Front & back copy of NRIC
    • Business registration certificate
    • Latest 6 months’ bank statement
    • Latest annual income statement (EA/EC or e-B/e-BT form) with payment receipt
    • Latest 1 year’s financial statements
    • Certificate of registration with Malaysian Medical Council (MMC)/Malaysian Dental Council (MDC) OR extraction of Practitioner Information from MMC/MDC website
    • Any document to prove Accountants are recognised by Malaysia Institute of Accountants (MIA)

  • The amount you have to pay depends on your financing amount, tenure, and profit rate of the financing.

  • You can calculate your monthly repayments using the BSN MyRinggit-i PRIMA personal financing calculator right here. All you have to do is key in the financing amount and the tenure duration you'd like.

  • Late payment charge: 1% per year on the outstanding payment

    For example, the fee is calculated as follow:
    Late payment charge = Outstanding monthly instalment X 1% X number of days outstanding/365 days

    * The charges will not be compounded

    Note: There are no upfront charges or additional fees when you apply through iMoney. We will also not request any deposit payment from you.

  • Repayments can be made through a standing order/instruction or auto/direct debit.

  • Yes, you can. BSN will not impose any additional charges if you choose the early settlement option.

  • BSN will approve an application within 3 days, provided that full documentation and information are submitted.

    To speed up the process, you can apply through iMoney where our Call Centre Consultants will walk you through the eligibility checker, application form, and advise you on the required document submission.

    After we submit your documents and information, BSN can approve and disburse to you within 3 days.

  • Takaful contribution coverage is optional for this Islamic personal financing. Should you want to have extra peace of mind, you can include the Cash Protection-i Scheme for a one-time charge of RM318.

  • Unfortunately, BSN will check your credit history as part of their approval process. You are required to settle all overdue payments before applying and keep a healthy credit record before you apply for any personal financing or loan. We also highly recommend that you continue repaying your loans on time for another three months before reapplying.

    Check your iMoney CreditScore for free to find out how your credit health is.

  • Bank Rakyat Personal Financing-i (Private Sector)

    Bank Rakyat Personal Financing-i Private Sector is a guarantor-free personal loan that offers a financing amount of up to RM 150,000. It also has a relatively low instalment and decent financing with a relatively low gross income requirement of RM2,000 per month.

    Bank Rakyat Personal Financing-i (Public Sector)

    Bank Rakyat Personal Financing-i Public Sector is a personal loan for Malaysian citizens that are in the public sector, GLC companies and GLC subsidiaries. This personal loan offers a financing amount of up to RM 200,000. It also has a relatively low instalment and decent financing with a relatively low gross income requirement of RM1,000 per month.