PRODUCT DISCLOSURE SHEET

(Read this Product Disclosure Sheet before you

decide to take out the SPD-i BPA Klasik personal
financing. Be sure to also read the terms in the letter
of offer. Seek clarification from Bank Simpanan
Nasional if you do not understand any part of this
document or the general terms).
BANK SIMPANAN NASIONAL


SPD-i BPA Klasik

Date :
(To be filled in by Sales / Branch Personnel)
1. What is this product about?
This is an unsecured personal financing calculated on a flat rate basis.

The terms and conditions are as follows :
Malaysian citizen aged 21 to 60 years old (subject to retirement age at the end of the financing tenure).
Employee of government / Statutory Bodies and selected organizations which facilitate salary deduction through
BPA.
Minimum fixed income of RM800 per month.
Permanent employee who has been employed for 3 months.
For contract / temporary employee (must be employed 12 months) must provide a guarantor (permanent
government servant and has been employed 6 months).
BSN GIRO / GIRO-i account holder.
2. What is the Shariah concept applicable?
The Shariah concept used is Tawarruq which comprises of Bai Murabahah and Wakalah contracts using the
commodity (underlying asset) from Bursa Suq al Sila.
Commodity Murabahah is referring to trading of commodities which acts as underlying assets of a transaction and
customer makes payment of the sale price of the commodities on deferred basis with cost plus profit.
Under the Wakalah contract, customer requests Bank to sell the commodity in the market.
With the concept of Tawarruq, customers will receive cash in exchange for the commodities being sold off to a third
party.
3. What do I get from this product?
Total selling price : RM

Total amount finance : RM

Profit rate & Effective profit rate :

Tenure (years) 1 2 3 4 5 6 7 8 9 10
Profit Rate (% per annum) 4.00 4.40
Effective Profit Rate (%) 7.55 7.76 7.77 7.74 7.68 8.35 8.27 8.19 8.11 8.03





Tenure : years
4. What are my obligations?
Monthly instalment : RM

The total payment amount at the end of years is RM

The total profit cost at the end of years is RM
5. What other fees do I have to pay?
a) Stamp Duty As per the Stamp Duty Act 1949 (Revised 1989)
b) Takaful contribution coverage (optional) May vary based on age / tenure / financing
c) Advance payment Equivalent to 2 months of monthly instalment
d) Will Fee RM350 (if any)

6. What if I fail to fulfil my obligations?
Late payment charges will be imposed and is calculated on a monthly basis which consists of Tawidh
(compensation) and Gharamah (penalty). Gharamah shall be channeled by the Bank to the approved charitable
organizations.

Within the Facility Period :

Overdue instalment(s) x Average Financing Rate (AFR*) x No. of overdue day(s)
365

Tawidh

Overdue instalment(s) x 1% x No. of overdue day(s)
365

After the Facility Period :

Outstanding principal x Average Financing Rate (AFR*) x No. of overdue day(s)
365

Tawidh

Outstanding principal x Islamic Interbank Money Market (IIMM**) x No. of overdue day(s)
365

Gharamah (if any)

Late Payment Charges - Tawidh


Note :
*AFR (Average Financing Rate) refers to the rate as may be determined by the Bank and subject to change from time
to time.
**IIMM (Islamic Interbank Money Market) is subject to change from time to time.

The Bank may set-off or transfer any credit balance in your account maintained with the Bank against any
outstanding amount in this financing account by giving 7 days prior notice before such set-off or transfer.

Legal action will be taken if you fail to respond to reminder notices and legal cost will be borne by you - if applicable.

Legal action against you may affect your credit rating leading to credit being more difficult or expensive to you.
7. What if I fully settle the financing before its maturity?
Early settlement is allowable at any time by giving written notice to the Bank.

The Bank shall grant Ibra to the customer where there is :
i. Early settlement or for early redemption of the Facility; or
ii. Settlement of the original financing contract due to financing restructuring exercise; or
iii. Settlement by Customer in the case of default; or
iv. Settlement by Customer in the event of termination or cancellation of financing before the maturity date.

The applicable formula for Ibra = Deferred Profit - Early Settlement Charges (if any).

Bank reserves the rights to charge any fees and charges which represent the actual charges advanced by the Bank
for the facility or any actual cost incurred by the Bank as a result of early settlement.
8. Do I need a guarantor or collateral?
Guarantor is only applicable for contractual / temporary staff (must be employed 12 months).

Collateral is not applicable for this product.
9. What do I need to do if there are changes to my contact details?
It is important that you inform us any changes in your contact details (in writing or email) to ensure that all
correspondences reach you in the timely manner.
The information provided in this disclosure sheet is valid as at or until _________.
10. Where can I get assistance and redress?
If you have difficulties in making monthly payments, you should contact us earliest possible to discuss payment
alternatives. You may contact us at :

Address : (Name of the branch),
Bank Simpanan Nasional,
_____________________,
_____________________.
Tel : _____________________
Fax : _____________________
E-mail : _____________________ (to be filled in by Sales / Branch Personnel)

Alternatively, you may seek the services of Agensi Kaunseling dan Pengurusan Kredit (AKPK), an agency
established by Bank Negara Malaysia to provide free services on money management, credit counselling and debt
restructuring for individuals. You can contact AKPK at :

Address : Tingkat 8, Maju Junction Mall,
1001, Jalan Sultan Ismail,
50250 Kuala Lumpur.
Tel : 1800 88 2575
E-mail : enquiry@akpk.org.my

If you wish to complaint on the products or services provided by us, you may contact us at :

Address : Customer Service Center,
Bank Simpanan Nasional.
Tel : 1300 88 1900 / 03-2613 1900
Fax : 03-2613 1888
E-mail : servicemanager@bsn.com.my

If your query or complaint is not satisfactorily resolved by us, you may contact Bank Negara Malaysia LINK or
TELELINK at :

Address : Block D, Bank Negara Malaysia,
Jalan Dato Onn.
50480 Kuala Lumpur.
Tel : 1300 88 5465
Fax : 03-2174 1515
E-mail : bnmtelelink@bnm.gov.my
11. Other personal financing packages available
Bil Product / Scheme Segment
1 ATM Malaysian Armed Force Personnel
2 Exec 1 Private Employees
3 SCOP PDRM
4 SKAN State Government Employees
5 SKAP Federal Government Employees
6 PRIMA Doctors / Medical Officer
7 Mudharabah Pledging / SSP Pledging Mudharabah Holder / SSP Holder

IMPORTANT NOTE : LEGAL ACTION MAY BE TAKEN AGAINST YOU IF YOU DO NOT KEEP UP
REPAYMENTS ON YOUR PERSONAL FINANCING.