BSN MyRinggit-i EKSEKUTIF-1 Personal Financing

  • Profit Rate
    6.00% p.a. ~ 8.50% 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

More details

  • icon Features Features

    Approval Duration
    Up to 5 business days
    Min. Financing Amount
    RM 50,000
    Max. Financing Amount
    RM 400,000

  • icon Eligibility/Documents Eligibility/Documents

    Age Requirement
    21-60 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
    Bank reserves the rights to charge any fees and charges which represents the cost incurred by the bank
    Late Payment Charges
    1% on outstanding loan amount

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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 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

BSN MyRinggit-i EKSEKUTIF-1 Personal Financing FAQ

An Islamic personal financing which adopts the Shariah concept of Tawarruq. Offered by Bank Simpanan Nasional (BSN).

  • RM200,000

  • 2 – 10 years.

    • 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.

  • 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.

  • 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.

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

  • 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.

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

  • 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

  • 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.

  • 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.