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Education Loan

Reach your education goals with affordable financing

OVERVIEW

Education plays a key role in shaping our future. It is one of the most important investments we’ll ever make for our children or for ourselves. Get the financial support you need for the pursuit of further education both locally and overseas.

Key FEATURES AND Benefits

Effective Interest rate of 7.50% p.a.
Maximum loan period of up to 6 years
Funding will cover air fares, registration fee, tuition, accommodation and other living expenses
Loan protection insurance coverage

2 types of schemes available:

For children to pursue further studies
For working adults to pursue further studies (in service scheme)

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Eligibility Criteria
Required Documents
Fees & Charges
Terms & Conditions

Eligibility Criteria
Eligibility Criteria
Brunei Citizen or Brunei Permanent Resident
Between 21 and 70 years of age¹ (by the end of loan tenor)
Employee of Brunei Government, semi-Government organisation or a private sector company accepted by the Bank;
Pensioners²; OR
Sole proprietors and individuals receiving Brunei Government house rental³ income
Minimum monthly net salary/income requirements:
BND1,500 – BND2,000 for salaried employees.
BND2,000 for individual receiving Brunei Government house rental income.
1 Applicant must be not more than 60 years of age at the end of the loan repayment period for TAP scheme.
2 Civil servants who are serving early retirement and receiving monthly pensions up to the max age of 70 at the end of the loan repayment period.
3 Loan tenor to be within the current rental tenancy agreement period.
Required Documents
Required Documents
Valid Brunei identity card
Child’s Identity Card or Passport
Latest salary slip
Last 3 - 12 months account statements if salary account 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
Letter of acceptance or confirmation of enrolment from educational institution
Valid student visa for overseas institutions

Other Terms & conditions apply
Fees & Charges

Fees & Charges
view our general tariffs
Terms & Conditions
Terms & Conditions
Assignment of Income/Salary is required.
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.

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Contact our customer support team if you have any further questions. We are here to help you.

+673 244 9666

[email protected]

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Education Loan

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