BSN MyHome-i

No processing fee, competitive profit rates and low monthly payments, BSN ensures that you can move into your new home with peace of mind.

BSN MyHome-i
Tenure
Up to 35 years
Profit Rate
from 3% p.a.
Loan type
Term islamic financing
Interest Type
Floating profit rate
Lock In Period
3 years
Margin of finance
up to 95%

Profit Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Profit Rate
up to RM100,0005.6% p.a.
RM100,001 - RM300,0003.2% p.a.
RM300,001 - RM500,0003.1% p.a.
more than RM500,0013% p.a.
*Effective profit rate will be determined by BSN upon approval.

Requirements

Minimum Annual Income
RM24,000
Minimum Age
  • 21 to 70 years old
Who can apply
  • Malaysians

Fees & Charges

Late Penalty Fee
1% p.a. p.a. of the outstanding amount
Processing Fee
Waived
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request

More Information

Tell me about BSN MyHome-i.

Also known as BSN MyHome-i (Residential Property), the BSN MyHome-i is an Islamic home financing for purchasing a property, whether completed or under construction, refinancing or sub-sale. The monthly instalment of this financing based on variable rate basis, which will fluctuate depending on Effective Profit Rate.

You will also enjoy a rebate, which is the profit rate calculated on the unpaid financing amount, for making an early settlement of your home financing. Subject to approval and your credit background check, BSN can offer financing up to 90% of the property value.

What packages are offered under BSN MyHome-i?

There are 2 packages offered under BSN MyHome-i, namely:

  • BSN MyHome-i (CES Packages)
  • Mortgage Refinancing-i Package

How to repay my monthly instalment?

BSN provides several conventional channels for you to repay your home financing monthly instalment, such as:

  • Over the counter at BSN branches nationwide
  • Standing Instructions / Savings Account
  • Interbank GIRO (IBG)

Can I fully settle the financing early?

You should know that you need to maintain your monthly instalment payment for a minimum of 5 years, after which you may fully settle your home financing before the end of your tenure by giving a written notice to BSN in advanced. 

The bank will grant you a rebate for the unpaid profit rate of the remaining months.

Are there any major risks I should know?

This home financing is a secured financing, whereby you are securitizing the house which you are purchasing to obtain this financing. If you don’t pay your monthly instalment payment timely, or worst, defaulted on your financing, your property will be foreclosed!

What documents do I need to prepare?

Together with your application form, NRIC and Sale & Purchase agreement, you should supplement them with following documents:

For individual / joint applicant:

  • Copy of NRIC (front and back)
  • Latest original and copies of 3-months salary slip
  • 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 from panel valuer registered with BSN (for property purchase).