BSN MyRinggit Executive-1
Borrow up to 10 times your monthly income, with interest rates from 6% p.a.
Calculate your monthly repayment
Fees and Charges
Eligibility
- BSN Giro/i Account holders
- Salaried employee
- Premier Developer Panels executive
- Private Hospitals executive
- Telecommunication Companies executive
- Licensed Financial Institutions executive
- MNC Companies executive
- Petronas Group of Companies executive
- Selected Private Universities & Colleges executive
- Statutory Bodies executive
- GLC employee
- Selected Public-Listed Companies in Main Market Bursa Malaysia
- Professionals
- A copy of your IC (both sides)
- Latest 3 months salary slip
- Latest B/BE Form with official tax receipt
- Latest EPF statement
- Letter of employment or employer confirmation
- A copy of your IC (both sides)
- Business Registration Certificate (SSM) / Forms 9, 24 and 49 / M&A
- Latest B/BE Form with official tax receipt
- Latest 6 months bank statement
Loan Repayment Table
| Financing Amount | Financing Tenure | Min. Income | Interest Rate |
|---|---|---|---|
| RM 5,000 - RM 400,000 | 24 - 120 months | RM 36,000 to RM 120,000 | 6.00% p.a. - 8.50% p.a. |
Terms and Conditions
Product Review by CompareHero
Who Can Apply for BSN MyRinggit Executive-1 Personal Loan?
BSN MyRinggit Executive-1 personal loan is open to both permanent and contract employees with at least one year of working experience.
Applicants must be Malaysian citizens aged between 21 and 55 (or up to 60, subject to employer confirmation), with a minimum gross monthly income of RM3,000 for permanent staff and RM10,000 for contract staff.
This BSN personal loan is offered exclusively to those working in:
- Statutory bodies, government-linked companies, or selected public listed companies on the Main Market of Bursa Malaysia
- Professions such as doctors, lawyers, architects, and accountants
- Premier developer panels, private hospitals, telecommunication companies, licensed financial institutions, or multinational companies
- The Petronas group of companies
- Selected private universities and colleges
How Much Can Applicants Borrow Under BSN MyRinggit Executive-1?
The BSN MyRinggit Executive-1 loan amount starts from RM5,000 and goes up to 10x the applicant's gross monthly income, capped at RM200,000. Repayment terms range from two to ten years.
Applicants can choose between a fixed or floating interest rate. Those who want the same instalment amount every month can opt for a flat interest rate between 6.00% and 8.50%.
Is There an Islamic Option for BSN MyRinggit Executive-1?
Yes. BSN offers a Shariah-compliant version of Executive-1 based on Tawarruq or Commodity Murabahah, for borrowers who prefer non-interest-based financing.
The profit rates, financing amount, and tenure are similar to the conventional version.
What Is the Monthly Commitment for BSN MyRinggit Executive-1?
Repayments for BSN MyRinggit Executive-1 start one month after the funds are disbursed, and continue every month until the loan is fully repaid. Borrowers must enrol in BSN's Giro or Giro-i account and set up a Standing Instruction for repayment.
There is no lock-in period and no penalty for early settlement. Borrowers who want to settle early only need to inform BSN in writing.
What Documents Are Required for BSN MyRinggit Executive-1?
Applicants need the following documents:
- Copy of IC (front and back)
- Latest 3 months' salary slips
- Latest EPF statement
- Copy of an employer confirmation letter stating name, IC number, designation/status, monthly salary, date of employment, and date of retirement
Business owners can submit the latest EA/EC statement and e-Filing form, or other documents verified by the Inland Revenue Board (LHDN), instead.
Can Blacklisted Applicants Apply for BSN MyRinggit Executive-1?
Approval depends on the applicant's credit history with other financial institutions. Outstanding credit card, personal loan, home loan, and car loan debts are recorded in CCRIS/CTOS, a system that tracks credit information rather than blacklisting borrowers.
Applicants with a poor payment history improve their approval chances by making consistent, on-time payments going forward. BSN is more likely to approve applications from those who show they are managing their finances rather than taking on more debt.