Assignment of salary or business/rental 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 documentations.
A confirmation letter from lawyer allowing drawdown of the facility must be submitted.
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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