BSN Pembiayaan Perumahan Rakyat

Making it easier for everyone to afford a home - a hosuing loan created for people with a variable income or who are self-employed

    • Up to 35 years
    • Term Islamic financing
    • Floating Profit Rate
    • 3 years lock in period
    • Up to 92% margin of finance
    • 30 days approval
  • You BorrowEstimated Profit Rate
    RM25000 - 1200006.95% p.a.

    *Effective profit rate will be determined by BSN upon approval.

Apply online now for BSN Pembiayaan Perumahan Rakyat

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Processing Fee
No Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM21.20 per request
Insurance Types
  • MRTA
  • MRTT
  • Liability Reducing Term Takaful

All fees & charges are inclusive of 6% GST if applicable


Are you eligible for this BSN home financing?

Minimum annual income
Minimum age
18 years old
Maximum age
60 years old
Who can Apply
  • Malaysians
  • Self-employed

Frequently Asked Questions about BSN Pembiayaan Perumahan Rakyat

A mortage for the self-employed and those with a variable income

What do I need to know about BSN Pembiayaan Perumahan Rakyat ?

Pembiayaan Perumahan Rakyat is a home loan is package in the BSN GIRO Home mortgage product range, it's especially made for lower cost properties and for those people who are self-employed or who have an unstable income.

BSN will be able to finance up to 100% of the value of the property, which is inclusive of MRTA/ MRTT or TLRT.

How much will this home loan cost me?

This home loan is not a tiered home loan with one simple interest rate of BR + 3% throughout the entire tenure. Your repayments are based on the market BR. That means that your monthly repayments will change accordingly with any change in the BR.

What fees and charges do I need to pay?

MRTA feesRM1000
Sales & Purchase Agreementno more than 2% of total loan amount
Valuation feegreater than RM100
Disbursement feesRM100( varies according to state and type of property)
transfer of ownership title feegreater than RM100
Processing feeWaived

What does the insurance cover?

The Group Mortgage Reducing Term Assurance ( MRTA) is highly recommended to hedge the risk of losing your family's property due to unforeseen circumstances. Additionally, Fire Insurance is compulsory.

What are the potential risks?

  • The interest rate on this loan may go up or down according to changes in the BR. An increase in interest rate may result in higher monthly repayment
  • Important note: Your property may be foreclosed if you DO NOT keep up repayments on your BSN Pembiayaan Perumahan Rakyat account.

Why should I go with BSN Pembiayaan Perumahan Rakyat for my mortgage?

  • With a standing instruction your repayments will be deducted from the home loan automatically!
  • You can use Interbank GIRO to pay your mortgage bill, so you can deal with your finances at the ATM machine or online.
  • 100% of the property value can be covered by the bank - how convenient is that?

Who can apply for this loan?

  • Malaysian citizen.
  • Age of 18 years old and above.
  • Financing amount up to RM120000 only.
  • For financing of first home and for own residence only.

What documents are needed when applying?

If you are a salaried applicant:
NRIC photocopy
Latest 3 months salary slip
Letter of Employment
Sales & Purchase Agreement/Booking receipt from developer
Valuation report
Copy of the Title Deed

If you are a self-employed applicant:
NRIC photocopy
Latest 3 months salary slip
Latest 6 months salary slip
Form 24 & 49
Sales & Purchase Agreement/Booking receipt from developer
Valuation report
Copy of the Title Deed

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