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LOANS
PERSONAL OVERDRAFT

FEATURES

  • Financing of up to 6 times your Net salary
  • Maximum financing term of 12 months the facility provides you a disciplines approach and have the choice renew the facility at least one month before maturity
  • Have the choice to convert your personal overdraft facility into personal loan anytime
  • Interest charged only on the utilized portion of the overdraft
  • Enjoy competitive interest rates when you secure your facility
  • No fixed or minimum repayment
  • Provides flexibility and access to emergency funds
  • Ability to re-use repaid amount
  • Processing fee of B$200 will be charged and can be capitalized in the loan amount and an annual renewal fee of B$100

BENEFITS

Fast Approval

With relevant and complete documents, your loan can be approved on the same day

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 and Permanent Residents
  • Individuals between the age of 21 and 50 years of age
  • Employment of Brunei Government, Shell & subsidiaries, semi government and private company employees acceptable by the Bank
  • Minimum gross monthly salary of B$2500

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)
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