• BSN MYAUTO-i MPO (USEDCAR)
    Vehicle Financing with BSN MyAuto-i MPO UsedCar

    Features

    • 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 all used vehicles acceptable to BSN only
    • Financing Repayment: Repayment can be made through salary deduction OR at any BSN branch OR via various channels acceptable by BSN
    • Tenure of Financing:
      • Minimum: 3 years (36 months)
      • Maximum: 9 years (108 months) or retirement age whichever is earlier
    • Age of Vehicle:
      • Maximum age of vehicle is 9 years from the year of manufactured
      • Age of vehicle plus financing tenure shall not exceed 15 years

    Shariah Concept

    Murabahah (Murabahah to the Purchase Orderer “MPO”) is Shariah-conpliant 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.

    Apply Now
    BSN MYAUTO-i MPO (USEDCAR)
    Vehicle Financing with BSN MyAuto-i MPO UsedCar

    Features

    • 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 all used vehicles acceptable to BSN only
    • Financing Repayment: Repayment can be made through salary deduction OR at any BSN branch OR via various channels acceptable by BSN
    • Tenure of Financing:
      • Minimum: 3 years (36 months)
      • Maximum: 9 years (108 months) or retirement age whichever is earlier
    • Age of Vehicle:
      • Maximum age of vehicle is 9 years from the year of manufactured
      • Age of vehicle plus financing tenure shall not exceed 15 years

    Shariah Concept

    Murabahah (Murabahah to the Purchase Orderer “MPO”) is Shariah-conpliant 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.

    Apply Now

BSN MyAuto-i MPO UsedCar 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 *3.00% per annum
  • Floating: As low as SBR + 2.61% p.a.

*Profit rate may vary based on the vehicle segment and individual credit risks 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
  • Malaysian citizen aged 21 years and above at the time of application and NOT exceeding 60 years old upon completion of financing period.
  • Employed with a minimum of six (6) months working experience.
  • Not declared as a bankrupt.
  • Employees of the following organization:
    1. Public Listed Companies
    2. Financial Institutions
    3. Companies under BSN’s Corporate Employee Scheme (CES)
    4. Selected Professionals
  • Employee of Private Sector Companies, subject to:
    1. The Company has been operating for more than 3 years
    2. Sole proprietors / Partnerships (Enterprise Companies) are NOT eligible
    3. Employees with a minimum fixed monthly income of RM3,000

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

MinimumRM20,000
Maximum
Customer CategoryMargin of Finance

Salary Deduction

Fresh graduates / Newly employed Government employees

Up to 100% of On The Road price (OTR) with/without HPRTT

Salary Deduction

1Other Government employees (other than the above category)

90% of on the road price (OTR) with/without HPRTT

Non-salary Deduction

Other approved customer segments

Up to 100% of On The Road price (OTR) with/without HPRTT

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'}}

{{results[0] }}
{{lang == 'en' ? 'Disclaimer :' : 'Penafian :'}}
{{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 PeriodLate 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 PeriodPrevailing 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 & ChargesAmount
Stamp Duty As per the Stamp Act 1949 (Revised 1989)Letter Of OfferRM10
Facility AgreementAs per the Stamp Act 1949 (Revised 1989)
Power of AttorneyRM10
Letter of Guarantee and Indemnity (if any)RM10
Other Service

Registration and Attestation on PA at High Court

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:

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