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How to buy a house at low-profit rates in 2021


With the challenges we faced in the past year, BSN Mega Home Campaign provides homeownership opportunities for those who have been putting their dream of owning a home on hold due to the pandemic.

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Since the first Movement Control Order (MCO) was imposed more than a year ago to contain the Covid-19 pandemic, ‘stay at home’ has been the new normal. As working from home becomes more common, having a home you love where you can live comfortably has become more important than ever.

For some of us, being stuck at home changes how we view our living space; for others, it changes their home buying needs. So, it isn’t surprising when homebuying interest did not dip by much throughout the pandemic. Instead, homebuyers are less resistant to buying properties farther away from the city for additional space and lower costs. For those who have the means, the current situation is an opportune time to buy a residential property as the Overnight Policy Rate (OPR) is at a record low (1.75%).

Some banks offer home financing packages designed to help property seekers and first-time homebuyers take full advantage of the current market with no muss, no fuss, and at the lowest profit rate. Bank Simpanan Nasional (BSN) Mega Home Campaign aims to do just that.

What is BSN Mega Home Campaign?

The Mega Home Campaign is an initiative by BSN that aims to lower the barriers to financing and owning a property by providing affordable home financing facilities to aspiring homeowners. Understanding that buying a house in the current economic environment has both upsides and downsides, BSN Mega Home Campaign offers home financing at a competitive profit rate.

Offering both Islamic and conventional concepts, the campaign is open to new and existing BSN customers. Those who applied and have their financing application approved during the campaign period between 1 January 2021 and 31 December 2021 will stand a chance to win attractive prizes as listed below:

  1. A Proton X50 – Grand prize winner.
  2. BSN SSP RM1,000 – monthly prizes x 3 winners.
  3. BSN SSP RM10,000 – quarterly prizes x 3 winners.

“Stand a chance to win a Proton X50 or BSN Sijil Simpanan Premium (BSN SSP) worth up to RM10,000.”

 Why should I apply for home financing during the BSN Mega Home Campaign?

Apart from a chance of winning the attractive prizes mentioned, while at the same time owning your dream home at a low-profit rate to suit your financial needs, you will also stand a chance to get margin of financing up to 100%.

With a minimum financing amount of RM250,000 — including MRTT or MRTA as well as legal and valuation fees — BSN Mega Home Campaign extends the opportunity to own a home to Malaysians from all walks of life. To top it all, applicants are eligible for financing tenure of up to 35 years or of age 70 years old at the end of the financing period (whichever comes first) with no ‘lock-in’ period. Your monthly payment is also made easy with multiple payment channels available such as online banking and ATM transfers.

How to apply for the BSN Mega Home Campaign?

1. This Campaign is open to:

  • Aspiring property buyers who are new to BSN.
  • Existing BSN financing customers.
  • First and second-home buyers.

To participate and be eligible for the promotion, the applicant must submit and accept the application of BSN MyHome/i (“Financing”). In addition, the applicant must also have the ‘Letter of Offer’ of the financing signed during the Campaign Period.

2. The Mega Home Campaign is open for the following types of financing:

  • Completed or under construction properties that are purchased from a developer.
  • Sub-sale properties.
  • Refinancing / Remortgage.

      3. Properties under a Master Title exceeding ten (10) years WILL NOT BE ALLOWED to participate in the Campaign. However, the application may be subject to:

        • Developer that falls under category (a) & (b) and their subsidiaries; and
        • Developer that is related to PKNS and other state government bodies.

        4. Only one (1) participation will be considered for each approved application.

        5. Types of entry eligible:

          • Properties with a minimum price of RM300,000.
          • Properties with a minimum financing amount of RM250,000 (Eligible for one entry only).
          • Properties with a maximum property price of RM1,500,000.

        6. The financing account must remain active, enforceable, and valid at the time the prize draw is made.

        How do I apply for Home Financing during BSN Mega Home Campaign?

        If you are interested in owning your dream home at a competitive profit rate and be the lucky winner of a Proton X50, find out more about BSN Mega Home Campaign here!

        To apply for BSN Home financing, all you have to do is visit the nearest BSN branch or submit your details via BSN website here before the campaign period ends on 31 December 2021.


        Disclaimer: The information is provided for general information only. Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

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