BSN MyRinggit-i EKSEKUTIF-1 Personal Financing

BSN MyRinggit-i EKSEKUTIF-1 is a personal financing facility based on the Shariah concept of Tawarruq. With a high financing amount of up to RM200,000, it is only open to full-time executive employees as follows:

• Premier Developer Panels
• Private Hospitals
• Telecommunication Companies
• Licensed Financial Institutions
• Multinational Companies (MNC)
• PETRONAS Group of Companies
• Selected Private Universities & Colleges
• Statutory Bodies
• Government Link Companies (GLC)
• Selected Public Listed Companies in Main Market Bursa Malaysia (Financial, Plantation, Property, Technology, Trading / Service, Industrial Product, Consumer Sectors only)
• Professionals (Doctors, Architects, Lawyers, Accountants and other certified Professionals)

Best for: Executive level employees looking for debt consolidation or cashflow for personal use.

Income requirements: Minimum RM3,000/month.

Pros:

• Higher financing amount (RM200,000)
• No guarantor required
• Low profit rate

• How to apply for BSN MyRinggit-i EKSEKUTIF-1 Personal Financing?

  All you need to do is click on the orange “Apply” button on the top right of your screen. Then fill in your contact details and we will get in touch to get started with your loan application.

• What is the maximum financing amount?

  RM200,000

• What is the financing tenure?

  2 – 10 years.

• What are the BSN MyRinggit-i EKSEKUTIF-1 Personal Financing requirements?

  BSN MyRinggit-i EKSEKUTIF-1 Personal Financing is available to the following professionals who have a minimum salary of RM3,000/month: 

   

  • Premier Developer Panels
  • Private Hospitals
  • Telecommunication Companies
  • Licensed Financial Institutions
  • Multinational Companies (MNC)
  • PETRONAS Group of Companies
  • Selected Private Universities & Colleges
  • Statutory Bodies
  • Government Link Companies (GLC)
  • Selected Public Listed Companies in Main Market Bursa Malaysia (Financial, Plantation, Property, Technology, Trading / Service, Industrial Product, Consumer Sectors only)
  • Professionals (Doctors, Architects, Lawyers, Accountants and other certified Professionals)

• What are the eligibility requirements?

  • Citizenship: Malaysian
  • Age: Between 21 – 60 years old. If you apply at 55, your maximum tenure allowed is 5 years. This means that you have to settle your repayments by the time you reach 60.
  • Income: Minimum RM3,000/month gross income
  • Employment: Full-time executive employees as follows:

  • Premier Developer Panels
  • Private Hospitals
  • Telecommunication Companies
  • Licensed Financial Institutions
  • Multinational Companies (MNC)
  • PETRONAS Group of Companies
  • Selected Private Universities & Colleges
  • Statutory Bodies
  • Government Link Companies (GLC)
  • Selected Public Listed Companies in Main Market Bursa Malaysia (Financial, Plantation,Property,Technology,Trading / Service, Industrial Product, Consumer Sectors only)
  • Professionals (Doctors, Architects, Lawyers, Accountants and other certified Professionals)

  Other: Required to open a linked bank account.

• What are the required documents?

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

  • Copy of NRIC (front and back)
  • 3 months (most current) salary slips
  • Latest EPF Statement
  • Confirmation letter by employer
  • Latest EA / EC Statement and latest e-filing form or any verified documents by the Inland Revenue Board (LHDN)
  • Application Form

• How long is the approval process?

  Your application will take within 5 working days, subject to complete document submission.

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

• How fast is the BSN personal financing application process?

  It will take up to five (5) business days to process your application.

• What is the interest rate?

  Profit rate is fixed between 5.5% to 7.5% p.a., subject to individual income and risk profile.

• What is the profit rate for BSN MyRinggit-i EKSEKUTIF-1 Personal Financing?

  BSN offers a profit rate of between 6.00% p.a. and 8.50% p.a.

• What are the fees and charges?

  Stamp duty: 0.5% of the financing amount

  Processing fee: None

  Early settlement fee: None

  Late penalty fee: 1% of outstanding amount

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

• How much do I have to pay monthly?

  As with any personal financing, you will have to make monthly repayment which comprises of principal amount and an interest rate.

  Use our personal loan calculator above to estimate your monthly repayment.

• What is the BSN personal loan table 2021?

  Here you can find and download the BSN table of payment calculations.

• How do I make my repayment?

  • Interbank GIRO (IBG)
  • ATM/Cash Deposit Machine

• Can I apply if I have a bad CCRIS/CTOS/credit score?

  Unfortunately, BSN will consider your credit score when processing your application. If you would like to improve your credit score, we recommend that you settle outstanding payments and wait for 3 months before applying.

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

• If you are looking for other personal loans, you may also consider

  AEON i-Cash Personal Financing

  If you are looking for a personal financing with a lower income requirement, AEON i-Cash Personal Financing is open to Malaysians earning RM1,500 monthly. Nevertheless, it has a decent financing amount of up to RM100,000 over a maximum of 7 years.

  Bank Rakyat Personal Financing-i Private Sector

  Open for those who are earning a minimum of RM2,000 a month, this loan offers a decent financing amount of up to 150,000. However, the maximum tenure of 10 years is only applicable to those earning RM3,001 and above.