1. Existing Baiduri Finance Hire Purchase account holder
2. Minimum age of 18 (at the point of application) up to maximum 60 years old (at the end of loan tenor)
3. The applicable consumer goods are:
1. TERM. The total amount of the Borrowed Money, including principal and interest, shall be due and payable by the number of monthly repayments as specified in the Repayment Schedule attached hereto (hereinafter known as the “Repayment Schedule”).
2. PURPOSE. The Borrower intends to procure and/or obtain products and/or services from a service provider and the Borrower has applied for a loan from the Lender to assist to pay or settle the fees due and payable to the said service provider.
3. DISBURSAL. The Lender shall release and pay the Borrowed Money or any part thereof directly to the service provider upon the Lender’s receipt of the invoice issued by the said service provider.
4. PAYMENTS. The Borrower agrees to repay the Borrowed Money to the Lender commencing on the 28th day of each month as specified in the Repayment Schedule and thereafter on the same day of each and every succeeding month. All payments made by the Borrower shall be first applied to any accrued interest and second to the principal balance.
5. LATE PAYMENT. If the Borrower is late by more than 7 days for any payment due, it shall be considered late. If a payment is late, the Borrower shall be charged late payment interest at the rate of 1.25% per month.
6. ACCELERATION. The Lender shall have the right to declare the Borrowed Money to be immediately due and payable on demand, including interest owed, if any of the events are to occur:
8. SEVERABILITY. If any provision of this Agreement or the application thereof shall, for any reason and to any extent, be invalid or unenforceable, neither the remainder of this Agreement nor the application of the provision to other persons, entities, or circumstances shall be affected, thereby, but instead shall be enforced to the maximum extent permitted by law.
9. COSTS AND EXPENSES: The Borrower shall pay to the Lender all costs of collection, including reasonable attorney's fees, the Lender incurs in enforcing this Agreement. 3 HP97 (1,03/06/2023)
10. GOVERNING LAW. This Agreement shall be construed and governed by the laws of Brunei Darussalam (“Governing Law”).
1. What is Consumer Loan?
8. Does Baiduri Finance require the consumer goods to be inspected?
The Clearance Letter must be collected within 3 to 7 working days after payment is cleared from the Bluecard and Insurance Centre at Units 16-17, Ground Floor, Sumbangsih Bahagia, Kompleks Perindustrian Beribi, BE1118. You can also request for collection at our Baiduri Finance Kuala Belait at your
Important update
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.
Important notice: We have updated the Baiduri b.Digital Personal mobile app on 21 August 2023.