Bank Simpanan Nasional (BSN) has offered BSN MyRinggit Insan-i, a personal financing facility under the Employees Provident Fund (EPF) Account 2 Support Facility from April 14, 2023.
The bank said BSN MyRinggit Insan-i was offered in the form of Shariah-compliant personal financing for EPF contributors aged 40 to 50 who were not bankrupt with satisfactory financial standing.
“In addition to that, all applications are subject to affordability on monthly repayment capacity assessment,” it said.
According to BSN, customers who wish to apply for BSN MyRinggit Insan-i can obtain financing amount ranging from RM3,000 to RM50,000 at the standard base rate of 1.75 per cent (profit rate of 4.5 per cent per annum)
This will be available for a maximum monthly instalment payment period of 10 years or 120 months.
“Customers can choose various monthly instalments, including cash payment at the BSN counter, standing Instruction of the BSN Giro-i Account and standing instruction from other financial institutions.
Eligibility
- Aged 40 – 50 years old at the point of application
- EPF members (registered i-Akaun with EPF) who have a minimum savings of RM3,000 in EPF Account 2
- Understand and accept Kesedaran dan Kefahaman Mengenai Fasiliti Sokongan Akaun 2 on the BSN landing page/webpage
- Passes BSN’s credit check including affordability assessment
Supporting documents required
- Copy of NRIC (both sides).
- BSN Application Form (online).
- Notis Permohonan Pengeluaran Awal Bersyarat Umur 50 Tahun atau Umur 55 tahun.
- Product Disclosure Sheet.
- Financial Education (Questionaire checklist via BSN landing page/portal).
- Income document upon BSN’s request.
- Other documents that may be required by BSN.
This facility is offered from 14 April 2023 until 4 April 2024. To apply for BSN MyRinggit Insan-i, you may go to the BSN website at www.bsn.com.my/page/Insan-i
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