Tuesday, 20 February 2018,   04 Jamadilakhir 1439H

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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


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. The value of refinancing will be between your current home finance and current property value.
   


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).
» 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 Interest Rate (EIR)

Completed Property

Under Construction

1

RM 100,000 and
below

Whole Tenure

BR  + 3.00%

BR + 3.00%

2

> RM 100,000
until
< RM 300,000

Year 1 - 2

BR + 0.70%

 BR + 0.45%

Thereafter

BR + 0.70%

3

RM 300,000 and above

Year 1 - 2

 BR + 0.60%

BR + 0.45%

Thereafter

 BR + 0.60%


Note:

»  For financing amount of RM350,000 and above with 30 years of financing tenure, the
    indicative profit rate is BR + 0.60%*.
»  Current BSN Base Rate (BR) is 3.95% (with effect from 21st July 2016).

    *Subject to terms and conditions

 

Early Settlement

» You may settle your loan at any time by submitting a written notice to the Bank.
   


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