A better way to power your home Promotion Terms and Conditions
1. Term
1.1. A better way to power your home Promotion (the “Promotion”) is organised by Baiduri Bank Sendirian Berhad (the “Bank”) and is subject to the following terms and conditions (the “Terms”).
1.2. Participation in the Promotion constitutes acceptance of these Terms.
2. Promotion Period
2.1 The Promotion is valid from
15 August 2026 to 31 December 2026 (both dates inclusive) or such other date(s) as the Bank may determine (the “Promotion Period”).
3. Eligibility
3.1
Solar Panel Financing (Home Renovation Loan)3.1.1. This Promotion is open to new and existing individual customers who are Brunei Citizens or Permanent Residents (each an “Eligible Applicant”) applying for a Home Renovation Loan during the Promotion Period.
3.1.2. The minimum loan tenure shall be 1 year and the minimum loan amount shall be BND 5,000.
3.1.3. Eligible Applicants must maintain salary crediting with the Bank throughout the loan tenure, subject to the Bank’s applicable requirements from time to time.
3.1.4. All applications are subject to the Bank’s prevailing credit assessment, policies, and documentation requirements..
3.1.5. Employees of the Bank, Baiduri Finance Berhad (“Baiduri Finance”), and Baiduri Capital Sendirian Berhad (“Baiduri Capital”) are eligible to participate.
3.2
Home Financing (Solar Panel Add-On)
3.2.1 This Promotion is open to new and existing individual customers who are Brunei Citizens, Permanent Residents, or Eligible Foreigners (each an “Eligible Applicant”) applying during the Promotion Period for:
- Home Ownership Loan; or
- Property Investment Loan
for the purchase of residential properties marketed by Board of Valuers and Estate Agents (“BoVEA”) certified agents.
3.2.2 “Eligible Foreigners” include:
- Foreigners born in Brunei Darussalam who are applying for citizenship or permanent residency;
- Foreigners working in Brunei Darussalam and married to a Brunei Citizen; or
- Foreigner receiving recurring directorship fees and partnership income in Brunei Darussalam.
3.2.3 The minimum loan tenure shall be 10 years, and the minimum loan amount shall be BND 100,000.
3.2.4 Where the Eligible Applicant is applying under any other applicable home financing campaign, the minimum loan tenure and loan amount shall follow the terms of that campaign.
3.2.5 All applications are subject to the Bank’s prevailing credit assessment, policies, and documentation requirements.
3.2.6 Employees of the Bank, Baiduri Finance, and Baiduri Capital are eligible to participate.
4. Promotion Mechanics
4.1
Solar Panel Financing (Home Renovation Loan)4.1.1 A Home Renovation Loan used for the purchase of solar panels (the “Solar Financing Loan”) is eligible for a promotional Effective Interest Rate (“EIR”) of 6.00% p.a. (PLR + 0.50%).
4.1.2 The promotional EIR applies only if all of the following conditions are met:
(a) The approved loan amount is at least BND 5,000;
(b) The loan is utilised for the purchase of solar panels; and
(c) The solar panels are purchased from registered merchants recognised by the Department of Energy, Prime Minister’s Office (PMO).
4.1.3 If any of the above conditions are not met, the Bank’s standard applicable rates will apply.
4.1.4 The processing fee for the Solar Financing Loan is waived.
4.1.5 The EIR is a floating rate linked to the Bank’s Prime Lending Rate (PLR), which is currently 5.50% and subject to change.
4.1.6 The table below illustrates eligibility for the Promotional EIR:
