• BSN ASB-i TERM FINANCING FOR STUDENTS (Through Joint Financing with Parents/ Guardian)
    Long Term Investment for Your Child

    Eligibility

    Child (Student)

    • Between 18 years old and maximum of 25 years old at the point of application
    • Existing full time at any IPTA / IPTS / College / Polytechnic or equivalent

    Parent/ Legal Guardian

    • Maximum age of 65 years old at the end of the financing tenure
    • Permanent or contract employee or self-employed with evidence of income

    Shariah Concept

    Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.

    Apply Now
    BSN ASB-i TERM FINANCING FOR STUDENTS (Through Joint Financing with Parents/ Guardian)
    Long Term Investment for Your Child

    Eligibility

    Child (Student)

    • Between 18 years old and maximum of 25 years old at the point of application
    • Existing full time at any IPTA / IPTS / College / Polytechnic or equivalent

    Parent/ Legal Guardian

    • Maximum age of 65 years old at the end of the financing tenure
    • Permanent or contract employee or self-employed with evidence of income

    Shariah Concept

    Tawarruq consists of two sale and purchase contracts. The first involves the sale of an asset by a seller to a purchaser on a deferred basis. Subsequently, the purchaser of the first sale will sell the same asset to a third party on a cash and spot basis.

    Apply Now

A term financing that helps you to purchase ASB unit trust funds.

FEATURE

  • Mode of payment is via BSN Standing Instruction.

Documents Required

Child (Student):

  • 1 copy of NRIC (front and back).
  • Proof of enrollment (A copy of offer letter/ matrix card/ student card).

Parent / Legal Guardian:

  • 1 copy of NRIC (front and back).
  • Supporting documents to verify guardianship (legal guardian).
  • 1 copy of NRIC (front and back)
  • 1 copy of latest 1 month salary slip.
    OR
    Payment voucher (with company’s stamp / letter head) as a payment proof of monthly salary for the latest three (3) months.
  • Any 1 of the following documents (if the evidence of income is salary slip):
    • Latest EPF statement
    • *Employer Confirmation Letter
    • Latest EA/EC and e-filing form

*HRMIS can be used for applicants where their salary is managed by Accountant General (AG) / PDRM / State Treasury.

  • 1 copy of NRIC (front and back).
  • 1 copy of latest 6 months bank statement.

FINANCING LIMIT

Financing amount will be in multiple of RM1,000 and subject to the following limit:

MinimumMaximum
RM10,000RM200,000 (Excluding other charges)

RATES

Financing Tenure

Profit Rate 

5 - 40 years or subject to the maximum age of 65 years whichever is earlier.

SBR + 1.90%
Financing amount up to RM50,000

SBR + 1.70%

Financing amount above RM50,000

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'}}

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{{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.'}}

LATE PAYMENT CHARGES (LPC) 

Late Payment Charges will be charged based on Ta’widh (Compensation).

During financing 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 completion of financing 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.



NOTES:

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