Exclusive BSN personal loan for Federal Government servants 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
Processing Fee
Stamp Duty
0.5% of the whole amount
Early Termination Fee
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

Frequently Asked Questions about BSN SKAP

Things you might want to know

Who is eligible for BSN SKAP?

BSN SKAP, or Skim Kakitangan Awam Persekutuan, is a personal loan by Bank Simpanan Nasional ( BSN) developed especially for Federal Government servants. 

To qualify, you need to be at least 21 years old and earn a minimum of RM1,500 every month. 

There is no guarantor required for this personal loan, unless if you are only employed for less than 3 months or has been on contract with the federal government for over 12 months; your guarantor must be a permanent employee with the federal government for over 6 months.

How much money can I borrow from BSN personal loan?

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

You can borrow BSN personal loans from a minimum of 2 years to a maximum 10 years.

The best part about this BSN personal loan is that you will be charged with competitive interest rates, calculated on a flat rate basis, on the total approved borrowing amount. Additionally, BSN will open a GIRO or GIRO-i Savings Account for you upon application - if you don't have one already!

Is there an Islamic option for this personal loan?


For borrowers who like to adhere to their religious values, i.e. non-interest based financing, BSN offers a Shariah-compliant SKAP 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, except that you get to enjoy the benefit of advance payment under this Islamic personal loan option.

My credit score is bad. Can I still apply for this personal loan?

Depending on your CCRIS reading, you could potentially get your loan approved with BSN

However, you will be subject to a Risk Base Pricing, i.e. a different method of pricing your loan after considering your credit histories such as repayment capability and other risk factors.

Borrowing Period1 - 5 years6 - 10 years
Interest Rate (Flat)4.60%5.30%

What is my monthly commitment to BSN personal loan?

Once your BSN personal loan application 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 installment 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 a written notice and no penalty or fee will be charged on you. 

What documents do I need to prepare for the BSN SKAP application?

You will need the following documents for your BSN SKAP 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.

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