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
2 types of schemes available – Children Education (Scheme A) and Self Education (Scheme B)
Effective Interest rate of 7.50% p.a.
Maximum loan amount up to BND100,000
Maximum loan period of up to 6 years
Funding will cover air fares, registration fee, tuition, accommodation and other living expenses
Employee of Brunei Government, semi-Government organisation or a private sector company accepted by the Bank; OR
Pensioners2; OR
Sole proprietors and individuals receiving fixed rental income
Minimum monthly net salary/income requirements:
BND1,500 for Brunei Government and semi-Government employees.
BND2,000 for private sector employees and individuals receiving rental income.
BND5,000 for sole proprietors.
For Scheme B (Self Education), applicants must be undertaking in-service studies i.e. while under employment.
Assignment of income/salary is required.
1 Applicant must be no more than 70 years of age at the end of the loan repayment period. 2 Civil servants who are serving early retirement and receiving monthly pensions. 3 Loan tenor to be within the current rental tenancy agreement period.
Required Documents
Required Documents
Valid Identity Card or Passport
Child’s Identity Card or Passport (for Scheme A)
Latest bank statement/updated savings passbook record
Employment Letter with indication of salary (where applicable)
Letter of acceptance or confirmation of enrolment from educational institution
Valid student visa for overseas institutions (can be provided upon approval)
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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