|Condition||Maximum Years||Margin of Finance||Interest rate|
|New||9 years||90%||2.55% p.a.|
How much the bank charges you based on your loan amount & loan period
Found a car that you love? Next you’ll want to find the best way to finance it with the best profit rates possible. BSN Hire Purchase-i doesn’t just give you the best rates, you’ll get a financing which is Shariah compliant, according to two Islamic contracts of Ijarah and Bai.
BSN Hire Purchase-i or BSN MyAuto-i offers higher margin of financing up to 90% of the car’s value, with the minimum financing is RM25,000. You can borrow for a minimum of 3 years up to maximum 9 years. This facility is available for the purchase of new vehicles and selective imported used vehicles.
Malaysians aged 21 years and above and not exceeding 65 years old can apply for this car loan. This car loan is favorable for those with Biro Perkhidmatan Angkasa (BPA), with or without salary deduction facility.
Those in the private sector and professional line of works can also avail themselves to this hire purchase loan, subject to terms and conditions.
Your car financing from BSN is not different from any other Islamic bank. While credit rating will affect your approval and the rates you get, to a certain degree, the main factor is the car in question.
Employee in the public sector, statutory bodies, co-operatives and unions, and GLC companies that are registered for BIRO Perkhidmatan Angkasa will also get the special low rates shown above.
There are two ways you can go about in making your instalment payment:
You are subject to pay a compensation charge (Ta'widh) of 1% when you are behind with your repayments. According to the Hire Purchase Act 1967, if you fail to make a payment for two (2) consecutive months the bank has the right to repossess your vehicle. So please make your car payments on time.
Applicants with BPA:
|Arahan Potongan Gaji BSN 09-A Form (for SKAP Scheme) through Jabatan Akauntan Negara and completed by the applicant and approved by the employer of Payroll / Human Resource / Head of Department.;|
Applicants without BPA:
|Letter of Authorisation for BSN to perform credit checking;|
We’ll guide you through your application for this financial product