Our BSN MyHome

(Residential Property) helps you get your dream home with ease. Choose from BSN MyHome or Mortgage Refinancing packages; available at low interest rates to suit your financial needs.

Bank Simpanan Nasional Malaysia Loan Options

• For purchase of new residential house or residential house under construction
• For purchase of completed new residential house purchased from its owner
• Mortgage refinancing
• For purchase of bungalow lot and building the house thereon

Requirements

For Individual / Joint Applicant

• Malaysian citizen aged 21 years old and above (not exceeding 70* years old at the end of loan period).
• With regular income and capable of making repayment.
• With proof of property purchase or owns a property.
• Property located in ¹MF 6 and above areas
• Under Construction Property and Completed Property

Notes:

*Eligibility for age limit of 70 years old is subject to Bank’s Terms & Conditions.» ¹MF: Marketability Factor. » ²Terms and Conditions apply.

For Organisation

• Organisations; either sole proprietor, partnership, private company or public company owned by Malaysian citizen (under the Partnership Act 1961 or Company Act 1965)
• Operated for at least two (2) years
• Stable financial record

Mortgage Refinancing Package

Refinance your property for extra funds. The value of refinancing will be between your current home finance and current property value.

Features & Benefits

• Loan tenure up to 35 years or not more than 70 years old* at the end of the loan period (whichever first).
• Margin of financing could reach up to 95% (subject to Terms & Condition) upon the purchase price from the developer (inclusive of MRTA).
• Easy to apply – provided at all BSN Main Branch nationwide.
• Convenient payment channels:
  – BSN Branches nationwide
  – Standing Instruction / Savings Account
  – Interbank GIRO (IBG)
• Loan options:
  – Loan for property still under construction.
  – Loan for completed property.
  – Refinancing

Packages:

Notes:

*Eligibility for age limit of 70 years old is subject to Bank’s Terms & Conditions.

Documents Required

For Individual / Joint Applicant

• A copy of NRIC (applicant’s / joint applicant’s)
• Pay Slip – original copy and latest three (3) months copies
• 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 (for property purchase) from panel valuer registered with the Bank

For Organisation

• Organisation Bank Statement for the period of six (6) months
• Organisation Financial Statement for last two (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 (*Guarantor: If required; mandatory documents are similar to applicant.)

Interest Rates

Note:

i) Additional 0.15% from the above interest rate for loan without Insurance.
*Subject to terms and conditions

Early Settlement

» You may settle your loan at any time by submitting a written notice to the Bank.

Late Payment Charge

» Monthly Installments in Arrears × 1% × Number Of Days Overdue ⁄ 365.

Stamp Duty

» Principal Documents – Will be charged on ad valorem basis.
» Other Documents – RM 10.00