BSN MyRinggit-i (Financial Institution Employee (FIE)

Islamic Financing
  • Profit Rate
    2.90% p.a. ~ 3.45% p.a.
  • Max. Financing Amount
    RM 250,000

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 5,000
    Max. Financing Amount
    RM 250,000

  • icon Eligibility & Required Documents Eligibility & Required Documents

    Age Requirement
    18 - 60 years old
    Min. Monthly Salary
    RM 3,000

    Other eligibility requirements

    Employement Requirement
    Employee of licensed *Financial Institution (FI) as approved by Bank Negara Malaysia (BNM)
    Employment Requirement
    Minimum service of 2 consecutive years in banking industry
    Minimum income per month
    Permanent Staff: RM3,000 (Executive) & RM5,000 (Non-Executive), Contract staff: RM10,000 (basic salary + fixed allowance)

  • 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.
    Perlindungan Tunai-i (optional)
    RM318
    Wakalah Fee
    RM30
    Will Fee (Optional)
    RM500
    Late Payment Charges (LPC)
    Late Payment Charges will be charged based on Ta’widh (Compensation).
Last updated: Sep 22, 2024

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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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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 (Financial Institution Employee) is a personal financing product offered by Bank Simpanan Nasional (BSN) specifically designed for employees working in the financial institutions sector.

  • BSN MyRinggit-i (FIE) personal financing works on the shariah principle of Tawarruq or Commodity Murabahah.

  • Eligibility criteria for BSN MyRinggit-i (FIE):

    • Malaysian citizen
    • Aged between 18 years old and 60 years old (not exceeding the retirement age or 60 years old at the end of financing tenure, whichever is earlier)
    • Employee of licensed *Financial Institution (FI) as approved by Bank Negara Malaysia (BNM)
    • Minimum service of 2 consecutive years in banking industry
    • BSN GIRO/i account holder
    • Minimum income per month:
    • Permanent Staff:
      1. RM3,000 (Executive - Other than administrative, Bank Tellers & Related Clerks)
      2. RM5,000 (Non-Executive - Administrative, Bank Tellers & Related Clerks)
    • Contract staff: RM10,000 (basic salary + fixed allowance)

  • The maximum financing amount for BSN MyRinggit-i (FIE) is RM250,000.

  • The interest rates and other financing information for this personal financing is listed below:

    Financing Information

    Financing Limit

    Minimum: RM5,000

    Maximum: RM250,000

    Rates

    SBR + 2.77%

    Financing Tenure

    Minimum: 2 years

    Maximum: 10 years



  • 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

  • Yes, you can apply online directly through the iMoney online application form to start your application process.

  • You will need to provide:

    • A copy of NRIC (both sides)
    • Latest 2 months' salary slip
    • Employer Confirmation Letter
    • Latest EPF statement

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