KEY FEATURES & BENEFITS
1. Overdraft and Term Loan
Gain access to the funds you need to finance your business operational expenses or purchase of fixed assets using your term deposits as security
2. Labour Guarantee, Custom Guarantee and Performance Bond
- Quick access to funds
- Term deposits may be in Brunei Dollar (BND) or major foreign currencies
- Funds can be used for multiple business purposes e.g. inventory purchase, office renovation, working capital
Offer payment assurance to your suppliers with a bank guarantee issued by Baiduri Bank
- Fast approval and issuance within 3 working days
- Hassle-free application process
- No processing fees¹
- Preferential term deposit rates²
2Applicable for new Term Deposits with tenor of minimum 12 months, pledged as security for the guarantee
- Eligibility Criteria
- Required Documents
- Fees & Charges
- Terms & Conditions
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Eligibility CriteriaEligibility Criteria
- Establishment must be registered / incorporated in Brunei Darussalam
For further details or a consultation on Labour guarantee, Custom guarantee and Performance bond, please contact Trade Services at 2268357/8/9 or email us at [email protected] -
Required DocumentsRequired Documents1. Overdraft and Term Loan
- Applicant`s Term Deposit details
- Company Business Registration documents (for Sole Proprietors / Partnership / Sendirian Berhad)
2. Labour Guarantee, Custom Guarantee and Performance Bond- Application form*
*Application form can be obtained from your preferred Baiduri Bank branch -
Fees & Charges
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Terms & ConditionsTERMS & CONDITIONS1. Overdraft and Term Loan
- All credit facilities are subject to approval by Baiduri Bank and drawdown 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.
2. Labour Guarantee, Custom Guarantee and Performance Bond- Applicant must be an existing Bank customer with an operating Baiduri Bank account.
For further details or a consultation on Labour guarantee, Custom guarantee and Performance bond, please contact Trade Services at 2268357/8/9 or email us at [email protected]
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