BSN MyRinggit-i (Professional)

Islamic Financing
  • Profit Rate
    2.91% p.a. ~ 3.19% p.a.
  • Max. Financing Amount
    RM 400,000

BSN Loan Calculator

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

More details

  • icon Features Features

    Min. Financing Amount
    RM 10,000
    Max. Financing Amount
    RM 400,000

  • icon Eligibility & Required Documents Eligibility & Required Documents

    Age Requirement
    18-65 years old
    Min. Monthly Salary
    RM 3,000

    Other eligibility requirements

    Employment Requirement
    For Sole Proprietorship / Partnership, business has been operated for at least 2 years.
    Employment Requirement
    Minimum tenure in service: Permanent Staff is 3 months and Contract Staff is 6 months
    Employment Requirement
    Fixed income earner with minimum gross income of RM3,000/month

  • icon Fees and charges Fees and charges

    Processing Fees
    No processing fees
    Stamp Duty
    As per the Stamp Duty Act 1949 (Revised 1989)

    Other fees and charges

    Request of certified true copy (CTC) of security documents
    RM45 (per request) *Note: Mandated product is exempted
    Issuance of yearly financing statement
    RM10 (per request)*Note: Mandated product is exempted
    Insurance / Takaful (optional)
    May vary based on age, tenure & total loan / financing.
    Will Fee (if any)
    RM500
    Late Payment Charges (LPC)
    Late Payment Charges will be charged based on Ta’widh (Compensation).
    Perlindungan Tunai-i (optional)
    RM318
    Wakalah Fee
    RM30
Last updated: Sep 22, 2024

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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.

More details about the product

BSN MyRinggit-i (Professional) is personal financing specifically designed for professionals who require financial assistance for various purposes, such as debt consolidation, home renovations, education expenses, or even medical bills.

You may read the frequently asked questions below for more details.

  • BSN MyRinggit-i (Professional) personal financing is based on the shariah concept of Tawarruq or Commodity Murabahah.

  • The requirements are:

    1. Malaysian citizen
    2. Aged between 18 and not exceeding 65 years old at the end of the financing tenure.
    3. Employed for 3 months and above for permanent staff, or over 6 months for contract / temporary staff.
    4. Minimum income of RM1,500
    5. For Sole Proprietorship or Partnership, the business must be operating for at least 2 years
    6. Must be one of the following professionals:
    • Medical Doctor
    • Dentist
    • Accountant & Auditor
    • Lecturers
    • Architects
    • Engineers
    • Pharmacists
    • Quantity Surveyors
    • Veterinary
    • Optician/ Optometrist
    • Actuary
    • Geologist
    • C-Level

  • Below are the profit rates and repayment terms:

    Financing Rates

    Payment Method

    Financing Tenure

    Profit Rate (per annum)

    BSN Standing Instruction

    1 - 3 years

    SBR + 2.85%
     

    4 - 10 years

    SBR + 3.30%

    Salary Deduction

    1 - 3 years

    SBR + 2.65%
     

    4 - 10 years

    SBR + 2.85%

  • The processing fees are as follows:

    Fee

    Amount

    Stamp Duty

    As per the Stamp Act 1949 (Revised 1989)

    Takaful contribution coverage (optional)

    May vary based on age / tenure / financing amount

    Advance payment

    Maximum equivalent to two (2) months of monthly instalment

    Wasiat Fee (if any)

    RM500

    Bank’s appointment as Purchase/Sale Agent

    RM30 will be deducted from financing amount upon disbursement to the customer

    Ikhlas Group PA Takaful (optional)

    RM530

  • The following documents are required:

    Salary Earner

    • Copy of NRIC
    • Latest 2 months’ salary slip
    • Employer confirmation letter
    • Valid certification/ registration with the respective Certification Authority/ Membership Registration Institution
    • At least one (1) of these:
      • Latest income statement (EA/ EC or e-B/ e-BT form); or
      • Latest 3 months Bank Statement of salary crediting account; or
      • Any other latest supporting document such as EPF statement

    Sole Proprietorship/ Partnership

    • Copy of NRIC
    • Business Registration
    • Applicant's latest 6 months bank statement
    • Latest annual income statement (EA/ EC or e-B/ e-BT form) with payment receipt
    • Latest 2 years financial statement
    • Valid certification/ registration with the respective Certification Authority/ Membership Registration Institution

  • No, the BSN MyRinggit-i (Professional) personal financing is only available for employed professionals.

  • You can apply for the BSN MyRinggit-i (Postgraduate) personal financing online directly with iMoney using our online application form.

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