YOU ARE IN BAIDURI FINANCE
Simply log on to the Baiduri HP Online platform
You will need to take note of the period of Hire and details of payments such as:
As a Hirer, you are obligated to pay the instalments on time effective from the commencement date to
the final instalment as specified in the HP Agreement. For example; Your instalments under the proposed agreement will be ____ monthly instalments of BND____ each commencing on DDMMYYYand thereafter on the ____ day of each succeeding month.
You will also need to inform us of any changes in your contact details and address (refer to BFB HPA Clause 3.t).
There are no fees/charges for HP application. However, if you are unable to make the monthly instalment payment on time, charges may apply subject to our prevailing Schedule of Tariffs.
The consequences of failing to make your monthly repayments include:
Yes, insurance coverage is mandatory. You are required to keep the vehicle insured until full payment of the Hire Purchase is completed (refer to BFB HPA Clause 3.n and Section 25 of HP Order 2006).
After the expiration of the Notice After Repossession(Sixth Schedule), the vehicle will be advertised and sold off through the process of Tender Advertisement. Your HP account may also be written off and transferred to the Loss Recovery Department.
You will receive a renewal notification from us one month before your road tax expires. For your convenience, you may request for an insurance and road tax renewal quotation via Baiduri Finance Mobile App or by contacting us at 2426800 ext 6823/8819. If you decide to renew your insurance elsewhere, please return your bluecard with a copy of your new insurance cover note. Ensure the insurance bought has comprehensive motor vehicle cover with sufficient coverage for the outstanding loan.
You may:
Please visit the nearest Baiduri Finance branch:
BAIDURI FINANCE HEAD OFFICE
Units 1 – 3, Ground & 1st Floor,
Sumbangsih Bahagia, Kompleks Perindustrian Beribi, Gadong BE1118
Tel No: (673) 242 6800
Fax No: (673) 245 0877
BAIDURI FINANCE KUALA BELAIT
Unit 1, Ground Floor,Tang Ching Ying Building,
Jln Sungai, Kuala Belait KA2331
Tel No: (673) 333 0570 / 333 0569 / 334 1436
Fax No: (673) 333 0572
Click here or download Baiduri Finance Mobile from App Store or Google Play to learn more.
Yes, as long as you have Hire Purchase financing with Baiduri Finance.
Yes, but only for cars registered under 7 years on the road.
Within 3 working days. Delivery can also be arranged with a small fee.
Motor insurance provides cover for damage to your vehicle and covers death and injury to third party and/or damages to third party property if you are involved in an accident. Coverage depends on the type of insurance policies you purchase.
Examples of risk that you may ask:
In Brunei Darussalam, it is against the law for a motor vehicle to be on the road without the appropriate insurance coverage according to Motor Vehicles Insurance (Third Party Risks) Act, Chapter 90.
All types of motor vehicles that are approved to be on the road. This includes motorcycles, cars, trucks, taxis and buses.
No. Motor insurance can only be bought from insurance companies that are registered by AMBD.
There are 2 types of coverage:
(1) Third Party Cover
(2) Comprehensive Cover
Exclusions are items or conditions that are not covered in the insurance contract for certain acts, property, types of damage or locations. The typical exclusions are:
Additional coverage for your motor policy can be purchased by paying additional premium. These include:
For new vehicles, the sum covered will be the purchase price (excluding vehicle license, insurance and registration). For other vehicles, the insured value is the market value of the vehicle at the date you apply for the insurance.
Market value means an amount equal to the current accepted price of the car. It takes into account the age, make, model, kilometers travelled and condition of your car.
You must disclose relevant information that is true and accurate.
Case study:
Ahmad bought a new car and participated in comprehensive insurance. He decided to add a spoiler and lower the car a few inches to give it a more distinctive look. But when the car was damaged, his claim was rejected because the car was not roadworthy, and he had not informed his insurer of the changes.
Yes, to some extent. There is a motor tariff rate used by Brunei Insurance and Takaful Association (BITA) members whereby members cannot charge lower than the tariff.
NCD stands for No-Claim Discount. Some operators use the term No Claims Bonus (NCB). This is a discount offered by insurance companies for those car owners who have not made any claims within a year or more. The longer the car owners do not make any claims, the better the discount they may be eligible for.
Different NCD rates are applicable to different classes of motor insurance. In general, the NCD is applied as follows:Different NCD rates are applicable to different classes of motor insurance. In general, the NCD is applied as follows:
Private Car (NCD)
Commercial Car (NCD)
20%
20%
25%
25%
30%
30% (max)
40%
50% (max)
Case study: How to calculate NCD?
Driver A participates in a comprehensive policy for his one-year-old car and his premium amounts to BND 1,000. If he did not make any claims in the year before, then he is entitled to a no-claims discount of 20%.
This means his discount is BND 1,000 X 20% = BND 200.
The premium he has to pay is BND 1,000 – BND 200 = BND 800.
Excess is also known as “deductible”. It is the amount you have to pay for each incident when you make a claim. The types of excess applicable are:
a) Vehicle Excess
b) Driver Excess
Case study: How is excess applied?
If the covered person has an excess of BND 500 and the total repair costs BND 3,000, then the covered person must pay BND 500 while the insurance company pays the remaining BND 2,500.
Loading is the additional premium you have to pay on top of the basic premium. This is to take into account of higher risk factors involved such as age, make and model of vehicle and claims experience. There are two different loadings:
1. Model Loading
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Bee Motors Sdn Bhd
Berjaya NRS Motor
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Carcity Enterprise
Daha Auto Sdn Bhd
GHK Motors Sdn Bhd
Grand Motors Sdn Bhd
Happy Motoring Sdn Bhd
Hai Hwang
Honey Carsmart Sdn Bhd
Indera Motors Sdn Bhd
JFK Enterprise
Kimcars Sdn Bhd
LLK Autocars
Maju Motors Sdn Bhd
Miraco Company
Motorcity Sdn Bhd
Mudaseri Auto Sdn Bhd
NBT (Brunei) Sdn Bhd
New Bestcars Sdn Bhd
QAF Auto Sdn Bhd
Roshjaya Motor Sdn Bhd
Seri Naffco Sdn Bhd
Setia Motors
Sri Sentosa Sdn Bhd
T.C.Y. Motors Sdn Bhd
TSM Motor Sdn Bhd
Yuni-Ku Enterprise
GET IN TOUCH WITH US
Contact our customer support team if you have any further questions. We are here to help you.
A new change is coming
We will be introducing a new online business banking service, bringing new and improved features to enhance your experience with us. The new service will be rolled out to all customers in phases and our existing Baiduri Business i-Banking service will remain available to you, until such time you have been successfully migrated to the new service.
What you need to do now
To minimise any disruptions to the new service rollout, it is important that we have a record of the most current and valid details of all your existing Baiduri Business i-Banking user(s). This information is mandatory to allow your existing user(s) to proceed with first-time login to the new online business banking service.
*Note: We are currently rolling out our new online business banking service, Baiduri b.Digital Business to existing customers in phases. For users who have not yet received their new login credentials, please continue to access the Business i-Banking service for your online banking needs. For more information, please contact us at [email protected] or call 2268 637/8/9 during business hours.
Important notice: Our Business i-Banking service will be deactivated soon. To ensure continued access and a smooth transition to the new Baiduri b.Digital Business, please provide your full name, IC, email address and mobile number via Business i-Banking Inbox. If we do not receive updated details from all authorised users, your company will not be migrated to the new platform and a fresh application will be required. For assistance, contact us at [email protected] or call 2268 637/8/9 during business hours. Thank you for your cooperation.