OVERVIEW
Whether you are thinking of buying an investment property, funding a new business venture or getting ready for your wedding, a Baiduri Personal Loan can help fulfill your needs.
Key Features
Effective Interest Rate of 7.50% p.a.*
*Terms and conditions apply
Loan tenor of up to 6 years*
*Terms and conditions apply
Easy application process
Fast approval with complete documentation
Insurance or Takaful protection coverage up to the full loan tenor
Benefits
- Provide flexibility to meet various financial needs
- Features fixed monthly repayment schedule for effective budgeting
- Provides quick access to funds
- Offer the option of salary assignment* for added convenience
- Loan tenure extends up to 6 years*
- Qualify for loan amount of up to 18 times net monthly income
*Terms and conditions apply
- Eligibility Criteria
- Required Documents
- Fees & Charges
- Terms & Conditions
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Eligibility CriteriaEligibility Criteria
- Minimum age is 21 years old
- Maximum age at the end of loan term is 70 years old
- Full-time employee of the Brunei Government, semi-Government organization or private company; OR
- Pensioner* with monthly net income not less than BND500 for local and BND2,000 – BND2,500 for foreigners**; OR
- Individual receiving Brunei Government house rental income of BND2,000 and above.
* Not applicable to old age pension recipients.
** With valid passport and Employment Pass permit.
Above criteria is subject to Baiduri Bank’s internal credit policy assessment. -
Required DocumentsRequired DocumentsTo facilitate your loan application process, please ensure you have the following documents ready:
- Valid Brunei Identity Card (IC)
- Valid passport with a valid Employment Pass permit*
- Latest salary slip
- Last 3 months' account statements (if your salary account is with another bank)
- For employees of private companies, proof of regular salary credits in the preceding 12 months must be provided
- Latest Certificate of Balance and/or Clearance Letter (if your salary account is with another bank)
- Confirmation of employment letter is required for applicants under the employment of the Army, Police, Gurkha Reserve Unit, semi-Government organizations, and private companies
*Applicable for individuals holding foreign passports. -
Fees & Charges
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Terms & ConditionsTerms & Conditions
- Approval is subject to the Bank’s credit assessment policies.
- 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.
- Personal Loan top-up is permitted after 50% of the original personal loan credit facility tenor has lapsed and subject to satisfactory repayment records.
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