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EDUCATION LOAN

Education plays a key role in shaping our future. It is one of the most important investments we’ll ever make for our children or for ourselves. Get the financial support you need for the pursuit of higher education both locally and overseas.

FEATURES

  • 2 types of schemes available – Children Education (Scheme A) and Self Education (Scheme B)
  • Loan will cover registration fees, tuition, accommodation and living expenses
  • Maximum loan period of up to 7 years
  • Loan protection insurance coverage

ELIGIBILITY

  • Brunei citizens, permanent residents and foreigners with valid employment pass or contract
  • Individuals between 21 and 59 years of age1
  • Employees of Brunei Government, Semi-Government and private sector companies accepted by the Bank; and Pensioners 2
  • Minimum gross monthly salary of BND1,500 for locals and BND3,000 for foreigners

1 Applicant must be at 59 years of age at the end of loan period
2 Civil servants who are serving early retirement and receiving monthly pensions

DOCUMENTS NEEDED

  • Valid Identity Card or Passport
  • Child’s Identity Card or Passport (for Scheme A)
  • Latest 3 months bank statement / updated savings passbook
  • Letter of confirmation for employment and salary (where applicable)
  • Letter of acceptance or confirmation of enrolment from educational institution
  • Valid student visa for overseas institutions (can be provided upon approval)

*Terms and conditions apply

For more information, visit your nearest Baiduri Bank branch or call 244 9666.

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