Friday, 19 December 2014,   26 Safar 1436H

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Property Loans


Benefit from our GIRO Home Loan with low interest rates and various packages for you to choose from!


»    Malaysian citizen.
»    Age of 21 years and above (must not exceed 70 years old* at the
      end of financing period).
»    Individual / Non-Individual applicants.
»    Property located in ¹MF 6 and above areas.
»    Financing amount of RM300,000 and above only.
»    Under Construction Property - limited to selected ²Premier Developers only.
»    Completed Property – open to all.


»  ¹MF: Marketability Factor.
»  ²Terms and Conditions apply.

Features & Benefits

»    Loan tenure up to 35 years or not more than 70 years old* at the end of the loan period
      (whichever first).
»    Margin of financing could reach up to 95% (subject to Terms & Condition) upon the purchase price from the developer
      (inclusive of MRTA).
»    Smart choice - with Zero Moving Cost / Zero Entry Cost that offers a lower rate from the market.
»    Easy to apply - provided at all BSN Main Branch nationwide.
»    Convenient payment channels: 
     »  BSN Branches nationwide
     »  Standing Instruction / Savings Account
     »  Interbank GIRO (IBG)
»    Loan options:  
     »  Loan for property still under construction.
     »  Loan for completed property.
     »  Refinancing
»  Packages offered:

Second Charge Package »  Especially for Government Servants and other Government Agencies entitled for a home loan.
»  As an additional loan, in case the existing loan is insufficient.
2 Generations Package

»  Joint loan consisting of 2 generations parent(s) and child (still in a learning institution
    and aged 21 years and above).
»  Enjoy a longer loan period.
»  Children pursuing studies at Diploma level and above and would graduate in three (3) years time.
»  Parent still have steady/fix income for a period of five(5) years.


»  Eligibility for age limit of 70 years old is subject to Bank's Terms & Conditions.

Documents Required

For Individual / Joint Applicant
»  Pay Slip - original copy and latest three (3) months copies.
»  A copy of NRIC (applicant's / joint applicant's).
»  J Form / Latest Income Tax Declaration.
»  Copy of Sale and Purchase Agreement and / or property documents.
»  Copy of Evaluation Report (for property purchase) from evaluation panel registered with the Bank.

For Organisation
»  Organisation Bank Statement for the period of six (6) months.
»  Organisation Financial Statement for last two (2) years approved by authorised Audit Body.
»  Memorandum of Association.
»  Board of Director Resolution.
»  Form 24 and Form 49 of Company Act 1965.
*Guarantor: If required; mandatory documents are similar to applicant. 

Interest Rates

No  Loan Amount Tenure  Interest Rate
 Completed  Under Construction
 Zero Moving Cost (ZMC)  Non Zero Moving  Cost (NZMC)  Zero Moving Cost (ZMC)  Non Zero Moving  Cost (NZMC)
1 RM 100,000
and below
NIL BLR + 0% NIL BLR  + 0%

> RM 100,000
< RM 300,000

Year 1 - 2
BLR - 2.20%
BLR - 2.30% BLR - 2.45% BLR - 2.55%
Thereafter BLR - 2.20% BLR - 2.30%
3 RM 300,000
and above
Year 1 - 2
BLR - 2.25%
BLR - 2.40% BLR - 2.55% BLR - 2.55%
Thereafter BLR- 2.25% BLR - 2.40%

Early Settlement

»  You can settle your loan at any time by submitting written notice to the Bank.
»  In the event that the early settlement is made during the lock-in period, the early settlement charges shall comprises the legal costs and
    other expenses that were paid by the Bank under ZMC package would be levied. 

Late Payment Charge

»  Monthly Installments in Arrears  ×  1%  ×  Number Of Days Overdue  ⁄  365.

Stamp Duty

»  Principal Documents - Will be charged on ad valorem basis.
»  Other Documents – RM 10