BSN MYAUTO-i MPOOwn your dream car with BSN MyAuto-i MPOFeatures
- Target Segment: Fresh graduates / newly employed government employees / Government Employees (salary deduction via SKAP), Government Agencies and other organizations that equipped with Biro Perkhidmatan Angkasa enablement (salary deduction via BPA), and employees of selected organizations under the non-salary deduction scheme
- Profit Rates: Competitive profit rates with options of fixed or floating rates.
- Open to selected vehicles - brand new national, non-national, EV/HEV, unregistered reconditioned and selected used car only
- Tenure of Financing:
- Minimum: 3 years (36 months)
- Maximum: 9 years (108 months) or retirement age - whichever is earlier
- Financing Repayment: Repayment can be made through salary deduction OR at any BSN branch OR via various channels acceptable by BSN
Apply NowShariah Concept
Murabahah (Murabahah to the Purchase Orderer “MPO”) is Shariah-compliant contract where the Bank purchases an asset (in this case is a vehicle) and sells it back to the customer at a disclosed mark-up price. The customer requests (orders) the Bank to purchase the asset and promises (wa’d) to buy back prior to the Bank’s acquisition of the vehicle. The payment can be made via instalments on agreed tenure, providing flexibility while adhering to the Shariah guidelines.
BSN MYAUTO-i MPOOwn your dream car with BSN MyAuto-i MPOFeatures
- Target Segment: Fresh graduates / newly employed government employees / Government Employees (salary deduction via SKAP), Government Agencies and other organizations that equipped with Biro Perkhidmatan Angkasa enablement (salary deduction via BPA), and employees of selected organizations under the non-salary deduction scheme
- Profit Rates: Competitive profit rates with options of fixed or floating rates.
- Open to selected vehicles - brand new national, non-national, EV/HEV, unregistered reconditioned and selected used car only
- Tenure of Financing:
- Minimum: 3 years (36 months)
- Maximum: 9 years (108 months) or retirement age - whichever is earlier
- Financing Repayment: Repayment can be made through salary deduction OR at any BSN branch OR via various channels acceptable by BSN
Apply NowShariah Concept
Murabahah (Murabahah to the Purchase Orderer “MPO”) is Shariah-compliant contract where the Bank purchases an asset (in this case is a vehicle) and sells it back to the customer at a disclosed mark-up price. The customer requests (orders) the Bank to purchase the asset and promises (wa’d) to buy back prior to the Bank’s acquisition of the vehicle. The payment can be made via instalments on agreed tenure, providing flexibility while adhering to the Shariah guidelines.
BSN MyAuto-i MPO is a vehicle financing product based on the Murabahah contract (Murabahah to the Purchase Orderer “MPO”). The product provides up to 100% financing for the purchase price and HPRTT contribution, if eligible. The offering includes flexible terms and competitive rates.
PROFIT RATE*
- Fixed: As low as *2.35% per annum.
- Floating: As low as *SBR + 1.59% per annum.
*Individual profit rate may vary based on vehicle segment and BSN's credit evaluation.
Eligibility
- Malaysian citizen aged 21 years and above at the time of application and NOT exceeding 60 years old upon completion of the financing period.
- Fresh graduates / newly appointed Government employees.
- Federal Government Employees (SKAP).
- Employee of organisations that equipped with Biro Perkhidmatan Angkasa (BPA) enablement.
- Employed with a minimum six (6) months working experience (not applicable for newly employed graduates).
- Not declared as bankrupt.
- Total deduction should NOT exceed 60% of the monthly salary, including this financing instalments.
Documents Required
- Application form duly signed by applicant
- Copy of NRIC (both sides)
- Copy of valid Driving License
- Fresh graduate / newly appointed Government employee - A copy of placement/employment letter
- For other Government employee staff - Copy of three (3) month latest Pay Slip
- Salary Deduction Form
- HRMIS/Confirmation Letter from employer stating the following:
- Name
- NRIC
- Position
- Status of Employment
- Date of Employment
- Monthly Salary
- Fixed Allowance (if any)
- Any other supporting documents as may deemed required by the approving authority
- Employee of selected private sectors and organizations.
- Malaysian citizen aged 21 years and above at the time of application and NOT exceeding 65 years old upon completion of the financing period.
- Not declared as a bankrupt
- Employed with a minimum of six (6) months working experience.
- Employees of the following organizations:
- Selected Premier Developers Program (PDP)
- Selected Private Hospitals
- Telecommunication Companies (Telco)
- Licensed Financial Institutions
- Selected Private Universities & Colleges
- Multi-National & Locally Incorporated Companies
- PETRONAS Group of Companies (substantial shareholding held by Petronas)
- Statutory Bodies
- Government Linked Companies(GLC) & Government Linked Agencies (GLA)
- Selected Public Listed Companies
- Professional practitioners – such as Doctors, Architects, Lawyers, Accountants and other certified professional groups
Documents Required
- Application form duly signed by applicant
- Copy of NRIC (both sides)
- Copy of three (3) months latest pay slip
- Copy of valid Driving License
- Copy of Bank statement or latest EPF statement or EA form
Guarantor, If applicable
- Copy of NRIC (both sides)
- Copy of three (3) months latest pay slip
- Copy of bank statement, or latest EPF statement or EA form
MARGIN OF FINANCING
| Minimum | RM20,000 | ||||||||
| Maximum |
|
1Government employees under this category may choose between Salary Deduction or Non-salary Deduction application.
Financing amount may include:
- Takaful (coverage for vehicle).
- Hire Purchase Reducing Term Takaful – HPRTT (coverage for customer).
Get started with our Financing Calculator
Wish to know how much you would be paying every month? Let us help you get started.
{{lang == 'en' ? 'Kindly enter your financing details' : 'Masukkan butiran pembiayaan anda di sini'}}
{{lang == 'en' ? ' This calculator serves as an estimate only. It is provided for illustrative purposes and is based on the accuracy of information provided. It does not constitute a quote. BSN shall not be responsible for any inaccuracies or errors resulting from the use of this calculator.' :'Kalkulator ini berfungsi sebagai anggaran sahaja. Ia disediakan untuk tujuan ilustrasi dan adalah berdasarkan ketepatan maklumat yang diberikan. Ia bukan merupakan sebut harga. BSN tidak akan bertanggungjawab terhadap sebarang ketidaktepatan atau kesilapan yang disebabkan oleh penggunaan kalkulator ini.'}}
EARLY SETTLEMENT
Customers is entitled to Ibra' (rebate) on the defferred profit for the remaining tenure.
| Outstanding Balance (Outstanding Selling/Sale Price) | - | Outstanding Principal Amount | - | Amount Due to the Bank1 | - | Reduction of Ibra`2 |
Whereby:
1Amount due to the Bank refers to any profit amount due by the customer upon early settlement such as current month profit and/or profit in arrears (if any).
2Reduction of Ibra` refers to the Bank’s actual cost that customer needs to bear due to early settlement prior maturity (if applicable).
LATE PAYMENT CHARGES (LPC)
Late Payment Charges Ta'widh (compensation on late payment), will be charged on overdue monthly instalment, calculated on a daily basis from the due date of the instalment payment until one day prior to the payment date.
| Within the Facility Period | Late Payment Charges (LPC) of 1% per annum will be imposed on the overdue monthly instalment payment in the event you fail to pay any monthly instalment within the stipulated period from the first disbursement of the financing until its maturity date. |
| After the Facility Period | Prevailing daily overnight Islamic Interbank Money Market (IIMM) rate will be charged for failure to pay the total outstanding balance after maturity or upon judgment obtained, whichever earlier. |
Note: *IIMM - Islamic Interbank Money Market refers to the rate as may be determined by Bank Negara Malaysia (BNM) from time to time.
FEES & CHARGES
STAMP DUTY
| Fees & Charges | Amount | |
| Stamp Duty As per the Stamp Act 1949 (Revised 1989) | Letter Of Offer | RM10 |
| Facility Agreement | As per the Stamp Act 1949 (Revised 1989) | |
| Power of Attorney | RM10 | |
| Letter of Guarantee and Indemnity (if any) | RM10 | |
| Other Service | Registration and Attestation on PA at High Court (in the event of default) | RM100 |
Issuance of yearly financing statement (per request) Note: Mandated product is exempted. | RM10 | |
Request of certified true copy (CTC) of security documents (per request) Note: Mandated product is exempted. | RM45 |
NOTES:
- *Individual rate may vary due to category and at BSN's discretion.
- *IIMM (Islamic Interbank Money Market) refer to the rate as may be determined by Bank Negara Malaysia (BNM) from time to time.
- All payments are one-off payment only. Any change in fees and charges will be notified by 21 days' notice in advance from effective date with notification to be sent / posted at the BSN's branches or uploaded in www.bsn.com.my website.
- View all banking rates.
- View all fees & charges.
- View Frequently Asked Questions (FAQ).
- View Product Disclosure Sheet.
- View Customer Declaration.
- Terms & Conditions apply.
APPLY NOW
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