Home Ownership Loan

OVERVIEW

With our affordable and flexible financing options, you can have your own place to call home in no time!

Key FEATURES AND Benefits

Competitive interest rates
Flexible repayment period of up to 25 years*
Fast approval*

*Terms and conditions apply

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Eligibility Criteria
Required Documents
Fees & Charges
Terms & Conditions

Eligibility Criteria
Eligibility Criteria
Brunei Citizens / Brunei Permanent Residents / Foreigner³
Aged 21 years to 70 years^{1 & 2} of age (by the end of loan tenor).
Full-time employees (fixed salary) with completed probation period with current employer
Self-employed must be in operations for at least one (1) year
Minimum Monthly Net salary of BND1,500 / BND3,000³
For joint borrowing, combined Monthly Net Income must not be less than BND2,500 / BND5,000³
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 For Foreigner other eligibility criteria, please refer to Baiduri Mortgage Loan Specialist for further information.
Above criteria is subject to Baiduri Bank’s internal credit policy assessment.
Required Documents
Required Documents
Valid Brunei identity card
Valid passport with valid Employment Pass permit*
Latest salary slip
Latest 3-12 months bank statement where salary is credited**
Business registration documents (for self-employed)
Copy of House Plan
Copy of Land Title Deed

*Applicable for foreigner
**For salary/income credited with another bank

Other Terms & conditions apply
Fees & Charges

Fees & Charges
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Terms & Conditions
Terms & Conditions
Assignment of Income 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.
All financing facilities are subject to approval by Baiduri Bank and drawdown of approved facilities are subject to completion of securing documentation executed by conveyancing lawyer.
Baiduri Bank may, at any time and without prior notice or liability to any party, suspend, 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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