OVERVIEW
Free yourself from the hassle of multiple payments and take advantage of greater savings when you choose to consolidate your borrowings with us.
Key FEATURES AND Benefits
- Potential interest savings over the repayment period
- Consolidate your financing facilities into one monthly repayment to manage each month
- Effective Interest Rate of 7.50% p.a.*
- Maximum loan period of up to 10 years*
*Terms and conditions apply
- Eligibility Criteria
- Required Documents
- Fees & Charges
- Terms & Conditions
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Eligibility CriteriaEligibility Criteria
- Brunei Citizen or Brunei Permanent Resident
- Employees of the Brunei Government, semi-Government organisations and private sector companies accepted by the Bank
- Existing total debt service ratio must exceed 60%
- Only applicable to facilities granted before 8 June 2015 and under the name of applicant may be consolidated.
Above criteria is subject to Baiduri Bank’s internal credit policy assessment. -
Required DocumentsRequired Documents
- Valid Brunei identity card
- Latest salary slip
- Last 3 - 12 months account statements if salary account is with another bank
- Confirmation of employment letter for applicants under the employment of the Army, Police, Gurkha Reserve Unit, semi-Government organisations and private companies
- Details and balance of loans to be consolidated
- Latest Certificate of Balance and/or Clearance Letter (if salary account is with another bank)
Other Terms & conditions apply -
Fees & Charges
-
Terms & ConditionsTerms & Conditions
- Assignment of Salary/Income is required.
- With the exception of Mortgage Loan, all credit facilities granted under the name of the customer before 8 June 2015 may be consolidated.
- 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.
- No cash out may be given in addition to the applicant’s aggregate outstanding balance to be consolidated.
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