BSN MYAUTO-i MPO (EV/HEV)Drive To A Greener Lifestyle!Features
- Preferential fixed or floating profit rates for your EV/HEV
- Convenient payment network via various BSN channels
- Margin of Financing:
- Minimum: RM20,000
- Maximum: Up to 100% from on-the-road price (OTR) with/without HPRTT (subject to the approval)
- Tenure of Financing:
- Minimum: 36 months
- Maximum: 108 months (or retirement age whichever is earlier)
- Open to selected brand-new National, Non-National, Unregistered Reconditioned Electric/Hybrid vehicles (EV/HEV) acceptable to BSN, EXCEPT for vehicles made in China
Apply NowShariah Concept
Murabahah (Murabahah to the Purchase Orderer “MPO”) is a 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 (EV/HEV)Drive To A Greener Lifestyle!Features
- Preferential fixed or floating profit rates for your EV/HEV
- Convenient payment network via various BSN channels
- Margin of Financing:
- Minimum: RM20,000
- Maximum: Up to 100% from on-the-road price (OTR) with/without HPRTT (subject to the approval)
- Tenure of Financing:
- Minimum: 36 months
- Maximum: 108 months (or retirement age whichever is earlier)
- Open to selected brand-new National, Non-National, Unregistered Reconditioned Electric/Hybrid vehicles (EV/HEV) acceptable to BSN, EXCEPT for vehicles made in China
Apply NowShariah Concept
Murabahah (Murabahah to the Purchase Orderer “MPO”) is a 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.
Own your EV/HEV with BSN’s today!
PROFIT RATE
- Fixed: As low as 2.30% per annum.
- Floating: As low as *SBR + 1.49% per annum.
NOTES:
- *Standardised Base Rate.
- Profit rate may vary according to the vehicle segment and credit evaluation.
Eligibility
| Applicants with Salary Deduction - Malaysian citizen aged 21 years and above at the time of application and NOT exceeding 60 years old upon completion of financing. | |||
| Applicants WITHOUT Salary Deduction - Malaysian citizen aged 21 years and above at the time of application and NOT exceeding 65 years old upon completion of financing. | |||
Open to Employee of organisations:
| |||
| Individuals with a minimum fixed monthly income of RM5,000. | |||
| Other terms under Auto Financing are applicable. |
DOCUMENTS REQUIRED
- Application form duly signed by applicant;
- Copy of NRIC (both sides);
- Copy of three (3) month latest Pay Slip;
- Copy of valid Driving License;
- BPA Form (For BPA Scheme); or
- Arahan Potongan Gaji BSN Form (for SKAP Scheme).
- HRMIS/Confirmation Letter from employer, which shall states the followings:
- Name
- NRIC
- Position
- Status of Employment
- Date of Employment/Retirement
- Monthly Salary
- Fixed Allowance (if any)
- Application form duly signed by applicant;
- Copy of NRIC (both sides);
- Copy of three (3) month latest Pay Slip;
- Copy of valid Driving License;
- Copy of Bank statement or latest EPF statement or EA form.
- Copy of NRIC (both sides);
- Copy of three (3) month latest Pay Slip;
- Copy of Bank statement or latest EPF statement or EA form.
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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OR download our Application Form HERE.
