- Eligibility Criteria
- Required Documents
- Fees & Charges
- Terms & Conditions
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Eligibility CriteriaEligibility Criteria
- Minimum of 1 year in operations
- Minimum annual turnover of BND100,000
- Registered or incorporated in Brunei Darussalam
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Required DocumentsRequired Documents
- Company statements for past 12 months
- Company Business Registration Form (for Sole Proprietor/Partnership/Private Companies)
- Business proposal
- Supporting documents for the facility requested (e.g. operation expenses, rental cost, salary payment and other monthly expenses)
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Fees & Charges
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Terms & ConditionsTERMS & CONDITIONS
- All financing facilities are subject to approval by Baiduri Bank and draw down of approved facilities are subject to completion of securing documentation.
- All Lending rates are quoted at Effective Interest Rate regardless of method of computation used.
- Effective Interest Rate is pegged to the Bank’s Prime Lending Rate. Any change in Prime Lending Rate will result in a change in the applicable interest rate.
- Baiduri Bank may, at any time and without prior notice or liability to any party, suspend or terminate or vary these terms and conditions.
- The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the financing facility. The Bank’s determination of all matters relating to the facility shall be final and conclusive and no correspondence will be entertained.
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