BSN Home Loan
Bank Simpanan Nasional (BSN) is offering mortgage loan or home loan with profit rate up to BFR-2.60%. BSN mortgage loan features in both Islamic and Conventional loan. Some key features as follows.
- Margin up to 95% (include MRTA)
- Tenure up to 40 year @ age 65 years
- 2nd charge & 2nd generation
- Zero Moving Cost (ZMC)
Details are available in picture below. For more information and application, you may visit your nearest BSN branch.
Source: BSN booth at MAPEX, 2-4 March 2012
Is BFR-2.80% a typo? I dont see -2.8% in the pic.
goldironman(Quote)
thanks for highlight…it is a typo..updated the post.
Khairul Azmi-bh(Quote)
Thanks for the article and correction. Pardon this newbie questions:
1) Being a muslim, is it halal to go for the conventional loan when applying home loan?
2) Is the conventional or islamic loan just a term to use?
Appreciate your good inputs here from all readers.
goldironman(Quote)
ZMC..? Ari tu klu x silap, BNM yg kuarkn rules supaya banks buang benda nie..klu btul.. Mmg cun aah
Nazim(Quote)
Bro Khairul,
Please email me BSN contact details from this flyer. I think BLR -2.6% applies only within 48hrs last week (at BSN booth at MAPEX, 2-4 March 2012.) Hence that rate may no longer be valid now.
I hope to call and can still go for the BLR -2.6% promo
Thanks.
goldironman(Quote)
nak tanye…
bole applay tak untuk rumah bawah 100k?
katakan la 50k..bole x?
zaharUPM(Quote)
Gadai tanah boleh?
Mail(Quote)
Please be informed that :-
1. BFR – 2.60% is only for the first 2 years. Thereafter is much more expensive compared to others bank. If you calculate the amount of profit from the package you will actually pay higher compared to Bank Muamalat (example).
2. BSN is not governed by Bank Negara like other commercial banks. There are currently 3 FIs that are not fully governed by Bank Negara i.e. MBSB, Bank Rakyat and BSN.
3. Customer whether a Muslim or not are not obliged to take Islamic or Conventional Home Loan. Islamic and conventional is 2 diffrent terms. In terms of rate calculation, monthly instalment, redemption figure, penalty charges and etc.
Lastly for BSN package don’t be fooled by the marketing gimmick which is the rate BFR – 2.80%. Are you rather paying BFR – 2.80 for 2 years and BFR – 1.80% for the rest of financing tenure or BFR – 2.40% for the whole financing duration??
Fikir-fikirkan lah – Just my 2 cents
Product Owner(Quote)
Dear Product Owner,
Thanks for these valuable feedbacks.
After doing extensive home financing hunting, Alhamdulillah, RHB ISLAMIC has offered us BFR (currently 6.6) -2.5% throughout tenure of 35 years.
Please advise if you all readers here know any bank that can beat above offer. Thanks.
goldironman(Quote)
Bro, Khiarul, boleh terangkan cikit tentang mortgage loan. Apa mortgage loan? How its works?
Wan(Quote)
Hi, any BSN housing loan sale executives can be contacted to proceed with loan application?
MEL(Quote)
tgh wat housing loan ngan bsn. rumah baru..
first 2 yrs..interest rate 2.8% jek.. then after that bfr-1.85….bile dah nego2…leh dpt bfr-2.1%..katanye kalau ade letter offer dr bank lain n lagi bagus..leh guna that letter tuk reducekan lg rate…dieorg kata leh match jd sm..so tgh try test ni..:)
ghazaly(Quote)
tumpang tnya..sy pun tgh nk beli rumah.loan dah approved dr BSN.interest rate 4.95% (bfr-1.6%).rasa2 ok tak ye..confius la
syirlena(Quote)
great post, very informative. I’m wondering why the other specialists of this sector do not realize this. You should proceed your writing. I’m
confident, you have a huge readers’ base already!
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Incredible points. Great arguments. Keep up the great
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