What is BSN MyHome about?
Also known as BSN MyHome (Residential Property), the BSN MyHome is a variable rate basis home loan for financing a purchase of property either completed or under construction, refinancing or sub-sale. This home loan is a secured loan which requires you to offer your house as a security.
Depending on your loan approval and the bank's T&Cs, BSN can provide financing up to 95% of the property value for a maximum tenor of 35 years, or when you reach 70 years old, whichever comes first.
What is the home loan interest rate?
The interest rates vary depending on the loan amount applied and the borrowing period. You can refer to the table below for BSN MyHome interest rates.
The maximum facility, however, is based on the assessment of your financial standing, provided that it matches your eligibility or payment capability.
The Finance Entry Cost (FEC) package is specifically designed for first and second-time homebuyers, offering a total Margin of Financing (MOF) that covers 90% of the purchase price plus an additional 10% to facilitate 5% for MRTA and 5% for legal and valuation fees. While Non-Finance Entry Cost (Non-FEC) typically covers 90% of the property price plus a 5% allocation for Mortgage Reduced Term Assurance (MRTA).
| Loan Amount | Tenure | Effective Profit Rate (FEC) | Effective Rate (Non-FEC) |
| RM100,000 and below | Whole tenure | SBR + 3.85% | SBR + 3.85% |
| RM100,001 to RM300,000 | Whole tenure | SBR + 1.60% | SBR + 1.45% |
| RM300,001 to RM500,000 | Whole tenure | SBR + 1.50% | SBR + 1.35% |
| RM500,001 and above | Whole tenure | SBR + 1.40% | SBR + 1.25% |
*Current Standardised Base Rate (SBR) for 2026 is 2.75%.
How to repay my monthly instalments?
There are 2 straightforward ways you can choose from: (1) you can walk into any BSN branch and pay it over-the-counter, or (2) you can manage it online via Standing Instruction, Savings Account or InterBank Giro.
Can I fully settle the financing before maturity?
Yes, you can. But you have to submit a written notice to BSN to obtain the early settlement amount, after which the payment can be made at any time during working hours and at any of the bank’s branches.
Do I need an insurance coverage?
You are required to sign up for Mortgage Reducing Term Takaful (MRTA) to protect your interest in the event of death or permanent disability during the loan tenure. Also, you can apply for Houseowner or Fire Insurance to cover loss and damage to your home and contents.
You can check out some of the Home Insurance products here at RinggitPlus.
What documents do I need to prepare?
The main documents you are required to submit are the BSN MyHome application form, your NRIC and a copy of the Sales and Purchase Agreement. You should also supplement them with the following documents:
For individuals and joint applicants:
- Latest original and copies of the 3-month salary slip
- Latest 3-months bank statement
- Latest 6-months bank statement (other income)
- Latest EPF statement
- Employer Confirmation Letter
- J Form or Latest Income Tax Declaration
- Copy of Evaluation Report from panel valuer registered with BSN (for property purchase).
For organisation:
- Organisation Bank Statement for the period of 6 months
- Organisation Financial Statement for last 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
