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EDUCATION LOAN

A good education is the key to success in today's competitive world. However, education is also expensive, and you may need to consider the costs of tuition fee, accommodation, books and supplies, travel and other living expenses. So, take advantage of our Education Loan to finance your further studies. Whether you are pursuing a first degree or a professional qualification, we will help you achieve your goals.

Baiduri Bank has financing packages to help to pursue further education or studies in-house or abroad

We have 2 categories for Education Loan:

  • Scheme A – Children Education
  • Scheme B – Self Education

FEATURES

Loan Amount

  • For Children Education (Scheme A)
    Obtain financing up to B$200,000* (subject to income requirements). Amount is inclusive of registration fees, tuition, accommodation, living expenses, books / stationery and transportation expenses.
  • For Self Education (Scheme B)
    Obtain financing up to B$100,000* (subject to income requirements). Amount is inclusive of registration fees, tuition, accommodation, living expenses, books / stationery and transportation expenses.

Loan Tenure

Maximum loan period is up to  7 years* and can be shorter if you would like to save on interest by repaying your loan sooner.

Interest Rate

Equivalent to 7.50% (EIR)

Processing Fee

Processing fee of B$200 will be charged and can be capitalized in the loan amount

Convenience Payment

You can set aside a fixed amount every month for the repayment to help you manage your funds better

Peace of Mind

We have included group loan protection insurance coverage so that you and your family members can have complete peace of mind from financial strain should the unexpected happen

AT A GLANCE - WHAT YOU NEED

Eligibility

  • Brunei Citizens, Permanent Residents and Foreigners
  • Individuals between the age of 21 and 59 years of age*
  • Employment of Brunei Government, Semi Government, Private company employees acceptable by the Bank and the pensioners
  • Minimum gross monthly salary of B$1,500 for locals and B$3,000 foreigners*

Basic Documentation Requirements

  • Brunei identification card or passport
  • Latest pay slip
  • Employer’s letter of confirming of employment and salary (where applicable)
  • Last 3 months statement or saving passbook transactions with other financial institution (if salary not yet assign to Baiduri Bank)
  • Children identity card or passport ( Scheme A)
  • Letter of acceptance or confirmation of enrolment from the Educational Institution
  • Valid student visa (can be provided upon approval)

Other Information on financing availability

  • A-Level
  • Foundation Course
  • R&D
  • Post Graduate
  • HND
  • Cosmopolitan College of Commerce & Technology
  • Master Degree
  • Professional Courses
  • Others as approved by the Bank
*Terms and conditions apply
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