Exclusive BSN personal loan for State Government Department employees with low interest rates, low income requirement, optional insurance coverage and no lock-in period!

    • Financing up to RM200k
    • Up to 10 years tenure
    • Unsecured Loan
  • Borrow: RM 
    How Long: years
    My monthly income: RM  

    Monthly repayment: RM-

    Interest rate p.a.: -%

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Interest rates

How much the bank charges you based on your loan amount & loan period

You BorrowLoan PeriodYour IncomeInterest Rate
RM5000 - RM20000024 to 120 monthsRM18000 to 600004.75% p.a.
RM5000 - RM20000024 to 120 monthsmin. RM600004.6% p.a.

Fees & Charges

There are always fees but how much are they?

Interest Rate / APR
from 4.6% p.a. to 4.75% p.a. , depending on loan amount and period
Stamp Duty
0.5% of the whole amount
Late Penalty Fee
1% from current outstanding amount
Mode of Payment
You must pay your loan installment by salary deduction.


Are you eligible for this personal loan?

Minimum annual income
Minimum age
21 years old
Maximum age
60 years old
Who can Apply
  • Malaysians
  • Government employee
  • Contract Government employee

Frequently Asked Questions about BSN SKAN

Things you might want to know

Who can apply for BSN SKAN?

SKAN, or Skim Kakitangan Awam Negeri, is a personal loan by Bank Simpanan Nasional ( BSN) specifically designed for State Government Department employees both who are both permanent and contracted staff. 

Eligible individuals are those in the age bracket of 21 to 60 years with minimum monthly income of RM1,500 and have been employed for more than 3 months, or contracted for over 12 months for contract / temporary staff.

This unsecured personal loan does not require you to provide a guarantor or collateral to back up the application. Unless you do not meet the eligibility criteria above, your guarantor must be a permanent employee with the Federal or State government for more than 6 months.

How much money can I borrow from BSN personal loan?

The minimum amount you can borrow from BSN SKAN is RM5,000, with the maximum amount not more than RM200,000, subject to deductions not exceeding 60% of your monthly salary. 

This personal loan also offers flexible repayment tenures from 2 years up to 10 years. 

You will be charged with flat interest rates based on your income. 

For employees whose monthly income is less than RM5,000, your prescribed interest rate is 4.75% p.a., whereas for RM5,000 and above, your prescribed interest rate is 4.60% p.a.

Is there an Islamic option for this BSN personal loan?


For borrowers who like to adhere to their religious values, i.e. non-interest based financing, BSN offers a Shariah compliant SKAN that follows the concepts of Tawarruq or Commodity Murabahah at competitive profit rates.

The profit rates, financing amount and tenures will be similar to its conventional counterpart.

What is my monthly commitment for BSN SKAN?

Once your BSN SKAN personal loan application has approved and fully disbursed, you are required to start repaying the monthly amount over the instalment period you have chosen.

Late repayment of your monthly instalment will get you in trouble as a 1% penalty will be charged on the unpaid amount until you fully settled the outstanding balance.

BSN allows you to make an early settlement of your personal loan as there is no lock-in period. You only need to inform BSN of your intention to prepay your personal loan in written notice and no penalty or fee will be charged on you.

What documents do I need to prepare for this personal loan application?

You will need the following documents for your BSN SKAN application:

  • A copy of your NRIC (front and back);
  • A copy of latest 2-months salary slips;
  • A Confirmation Letter from your employer with details of your Name, NRIC number, Designation / Status, Monthly Salary, Date of Employment and Date of Retirement; AND
  • Authorisation Letter of Salary Deduction ( BSN 09-D).

If your application requires a guarantor, he or she will need to prepare the same documents as above.

Am I qualified to apply for BSN SKAN personal loan if I'm blacklisted?

Depending on your credit history with other financial institutions because all these information (outstanding credit card, personal loan, home loan or car loan debts) will be captured in CCRIS / CTOS (a system that collect credit information on borrowers, not blacklisting them).

Assuming you have poor credit standing due to irregular payments, the best course of action would be to break the habit and start making your payments on time to avoid future hurdles.

BSN is more likely to approve your BSN SKAN application if you can show that you are managing your personal finances, rather than accumulating more debt.

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