Sunday, 7 February 2016,   26 Rabiulakhir 1437H

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Property Loans


Our GIRO Home Loan helps you get your dream home with ease. Choose from Giro Home 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


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 – limited only to selected ²Premier Developers
»  Completed Property – open to all


»  *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.



»  Cost inclusive of legal fees, stamp duty, charge cost and property evaluation cost.
»  Current BR at 4.10% (subject to change).

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



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

> RM 100,000
< 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 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 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 10.00