
May 21 2012
SARA 1Malaysia FAQ – Elgibility & Documents Required
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ELIGIBILITY
- Malaysians aged between 18 and 58 years old
- Gross household income of between RM500 and RM3,000
- Applicants must not be declared bankrupt throughout the loan funding period
- Any other terms set by the banks
- Applicants and / or spouse must not be a participant or beneficiary of any ASNB-related Government programme:
- Program Pembangunan Rakyat Termiskin;
- ASB Sejahtera; and
- ASW2020-Bandar
- Applicants and / or spouse do not have any investments in ASNB unit trust products OR applicants and/or spouse(s) (household) have a combined aggregate investment of less than RM10,000 in all ASNB products
- All-clear status for ASNB unit trust account
- Application is subject to the distribution of Amanah Saham 1Malaysia (AS 1Malaysia)Ias stipulated and availability:
- Bumiputera – 50%;
- Chinese – 30%;
- Indian – 15%; and
- Others – 5%
- Only one member of the household is eligible to obtain the loan funding
- Application is approved for a loan at one bank
DEFINITION OF HOUSEHOLD
Eligible household refers to individuals with gross household monthly income of between RM500 and RM3,000 including the following categories:
- Married – a combination of gross income of the husband and wife; and
- Single mothers or fathers – individual gross income.
DOCUMENTS REQUIRED
Main Documents
- Application form to participate in Skim Amanah Rakyat 1Malaysia (BPPSARA1M)
- Loan Form from the participating financial institutions
- Registration form of Unit Amanah Akaun Dewasa ASNB P1
- Additional Investment Form ASNB 21
- Redemption Form ASNB 31
- Investment Book Renewal Form BS3
- Risk Disclosure Statement (RDS)
Supporting Documents
- Original and 2 copies of Mykad of applicants
- Original and 1 copy of Mykad of spouses (if applicable)
- Certified Income document
- For applicants and/or spouses, please provide original and copies of the latest three months’ Pay Slips or Bank Statements.
- For applicants who do not have Pay Slip or Bank Statement, the income declaration stated in BPPSARA1M Part C will be applicable.
* BPPSARA1M MUST be signed before a WITNESS – either the Employer/Penghulu/Official at the Department of Orang Asli Development/Government Official in a Managerial Position /Member of State Legislative Assembly/ Member of Parliament
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