BSN MyRinggit-i (Postgraduate) Islamic Financing

The BSN MyRinggit-i (Postgraduate) is an Islamic financing product tailored for postgraduate students who are employed in the government sector or GLCs (Government-Linked Companies). It offers competitive profit rates and is designed to assist in meeting educational and financial needs.

Key Features of BSN MyRinggit-i (Postgraduate)

Eligibility Criteria

• Age: Between 18 and 65 years old
• Minimum Monthly Salary: RM1,500
• Employment Requirements:
  • Postgraduate students who are full-time federal government employees
  • Contract or temporary employees with 12 months or more of service
  • Permanent employees employed for at least 3 months
  • Works in the government sector, GLA, or GLC

How to Apply

To apply for the BSN MyRinggit-i (Postgraduate) financing, you will need to provide the following documents:

• Identity Card (IC)
• Salary slips for the last 3 months
• Latest bank statements showing salary deposits
• Postgraduate student status verification
• Letter of Appointment from the employer (if applicable)

Financing Example

For a loan of RM5,000 over 1 year:

• Profit Rate: 3.01% p.a.
• Monthly Repayment: RM429
• Total Profit: RM151
• Total Repayment: RM5,151

Fees and Charges

• Wakalah Fee: RM30
• Cash Protection-i (optional): RM318
• Certified True Copy (CTC): RM45 per document (if applicable)
• Will Fee: RM500 (if applicable)
• Late Payment Charges: Based on Ta’widh (compensation for late payment)
• Yearly Financing Statement Fee: RM10 (per request)

This product is ideal for postgraduate students who are working full-time in the government sector or GLCs, offering flexible financing options, no processing fees, and competitive profit rates.