BSN MyRinggit-i (Professional) Islamic Financing

The BSN MyRinggit-i (Professional) is an Islamic financing product designed for professionals, business owners, and employees with stable incomes. It provides access to flexible financing options with competitive profit rates and no processing fees, making it an attractive option for individuals in the professional sector.

Key Features of BSN MyRinggit-i (Professional)

Eligibility Criteria

• Age: Between 18 and 65 years old
• Minimum Monthly Salary: RM3,000
• Employment Requirements:
  • For Sole Proprietors or Partnerships, the business must have been operating for at least 2 years.
  • Permanent employees must have been employed for at least 3 months.
  • Contract employees must have been employed for at least 6 months.
  • Must have stable income with a minimum monthly salary of RM3,000.

How to Apply

To apply for BSN MyRinggit-i (Professional) 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
• Business registration (for sole proprietors/partners)
• Letter of Employment confirming your position

Financing Example

For a loan of RM10,000 over 1 year:

• Profit Rate: 2.91% p.a.
• Monthly Repayment: RM858
• Total Profit: RM291
• Total Repayment: RM10,291

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 professionals, business owners, and employees earning a minimum of RM3,000 per month. With flexible repayment options, no processing fees, and competitive profit rates, it is designed to meet the financial needs of those in the professional sector.