Saturday, 25 April 2015,   06 Rejab 1436H

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Property Loans


GIRO Home


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


Requirements

»    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.
»    Under Construction Property - limited to selected ²Premier Developers only.
»    Completed Property – open to all.

Notes:

»  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:

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
»  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  Completed  Under Construction
 Non Zero Moving Cost (NZMC)
1 RM 100,000
and below
Whole
Tenure
BR + 2.85% BR + 2.85%
2

> RM 100,000
to
< RM 300,000

Year 1 - 2 Zero Moving
Cost (ZMC)
Non Zero Moving
Cost (NZMC)
Zero Moving
Cost (ZMC)
Non Zero Moving
Cost (NZMC)
BR + 0.65% BR + 0.55% BR + 0.40% BR + 0.30%
Thereafter BR + 0.65% BR + 0.55%
3 RM 300,000
and above
Year 1 - 2 BR + 0.60% BR + 0.45% BR + 0.30% BR + 0.30%
Thereafter BR + 0.60% BR + 0.45%


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