Shariah contract applicable is Bai’ Bithaman Ajil (BBA). BBA contract refers to the sale and purchase of an asset on defered and installment basis with a pre-agreed payment period. The sale price will include a profit margin agreed upon by both parties.
» To finance the purchase of new house;
» To finance the purchase of residential property
» Refinancing of existing residential property.
» BSN An Naim Employees of Prudential BSN Takaful Bhd (Pru BSN).
» BSN An Naim Employees of Keretapi Tanah Melayu (KTMB)
» Malaysia citizen.
» 18 years or age allowed by to 65 years old.
» Giro-i account holder’s.
» All applications are to be submitted to BSN through Employer
ONLY UPON RECEIPT of support letter from Employer.
» Margin of Financing (MoF)
» MoF is 95% +5% (MRTT)*
|5 years||35 years or 65 years of age whichever is earlier.*|
*Terms and conditions apply
» Within the Facility Period
Overdue instalment(s) x Average Financing Rate (AFR) x No. of overdue day(s)
» After the Facility Period
Outstanding principal x Average Financing Rate (AFR) x No. of overdue day(s)
» Late payment charges consist of Ta’widh (compensation) and Gharamah (penalty). Gharamah shall be channeled by the
Bank to the approved charitable organizations.
» Average Financing Rate (AFR) refers to the rate as may be determined by the Bank and subject to change from time to time.
» Principal Documents - Will be charged on ad valorem basis.
» Other Documents – RM 10