Wednesday, 28 September 2016,   24 Zulhijjah 1437H

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BSN MyHome (Residential Property)

 

Our BSN MyHome (Residential Property) helps you get your dream home with ease. Choose from BSN MyHome or Mortgage Refinancing packages; available at low interest rates to suit your financial needs.


Loan Options

»    For purchase of new residential house or residential house under construction
»    For purchase of completed new residential house purchased from its owner
»    Mortgage refinancing
»    For purchase of bungalow lot and building the house thereon
»    For purchase of shophouse or commercial lot


Requirements

For Individual / Joint Applicant
»  Malaysian citizen aged 21 years old and above (not exceeding 70* years old at the end of loan period)
»  With regular income and capable of making repayment
»  With proof of property purchase or owns a property
»  Property located in ¹MF 6 and above areas
»  Under Construction Property and Completed Property

Notes:

»  *Eligibility for age limit of 70 years old is subject to Bank's Terms & Conditions.
»  ¹MF: Marketability Factor.
»  ²Terms and Conditions apply.

For Organisation

»  Organisations; either sole proprietor, partnership, private company or public company owned by Malaysian citizen
    (under the Partnership Act 1961 or Company Act 1965)
»  Operated for at least two (2) years
»  Stable financial record


Mortgage Refinancing Package

Refinance your property for extra funds and enjoy a cost-free transfer. The value of refinancing will be between your current home finance and current property value.

 

Notes:

»  Cost inclusive of legal fees, stamp duty, charge cost and property evaluation cost.
»  Current BSN Base Rate (BR) is 3.95% (with effect from 21st July 2016).


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:

PackageDetails
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.

Note:

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


Documents Required

For Individual / Joint Applicant
»  A copy of NRIC (applicant's / joint applicant's)
»  Pay Slip - original copy and latest three (3) months copies
»  Latest 3 months Bank Statement
»  Latest 6 months Bank Statement (other income)
»  Latest EPF Statement
»  Employer Confirmation Letter
»  J Form / Latest Income Tax Declaration
»  Copy of Sale and Purchase Agreement and / or property documents
»  Copy of Evaluation Report (for property purchase) from panel valuer 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
»  B/BE Form & LHDN Receipt
»  Business Registration Certificate (SSM)
»  Memorandum & Articles of Association (M&A) / Form 24, Form 44 & Form 49
»  Board of Director Resolution
*Guarantor: If required; mandatory documents are similar to applicant. 


Interest Rates

No

Loan Amount

Tenure

Effective Profit Rate (EPR)

Completed Property

Under Construction

Zero Entry Cost (ZEC)

Non Zero Entry Cost (NZEC)

Zero Entry Cost (ZEC)

Non Zero Entry Cost (NZEC)

1

RM 100,000 and
below

Whole Tenure

NIL

BR  + 3.00%

NIL

BR  + 3.00%

2

> RM 100,000
until
< RM 300,000

Year 1 - 2

BR + 1.10%

BR + 0.70%

 

BR + 0.85%

BR + 0.45%

Thereafter

BR + 1.10%

BR + 0.70%

3

RM 300,000 and above

Year 1 - 2

 

BR + 1.00%

 

BR + 0.60%

BR + 0.85%

BR + 0.45%

Thereafter

 

BR + 1.00%

 

BR + 0.60%


Early Settlement

»  You may settle your loan at any time by submitting a written notice to the Bank.
»  In the event that the early settlement is made during the lock-in period, the early settlement charges, comprising legal costs and other expenses paid by the Bank under ZEC 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 10.00