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Commercial Property Loan and Home Ownership Loan

It’s time you shape your dream home or business into reality

Bring your dream home plan to life with the Home Ownership Loan, or start the business you’ve always wanted with the Commercial Property Loan.

Terms & Conditions

(A) Commercial Property Loan promotion

1. Term

This Promotion begins on 25 July 2020 and ends on 30 November 2020, both dates inclusive (the “Promotion Period”).

2. Eligibility

i. This Promotion is open to new and existing customers who meet the following criteria (‘Eligible Applicants’):
    • are full-time employees of the Brunei Government, semi-Government organisations, Brunei Shell Petroleum and subsidiaries, Petroleum Brunei; or
    • are full-time employees of any private sector companies; or
    • are sole proprietors and business owners; and
    • are Brunei citizens or permanent residents.

ii. Assignment of salary or business income to the Bank is compulsory. 

iii. Approval of loan application is subject to the Bank’s credit assessment policies.

3. Offers

i. Eligible Applicants will be entitled to an Effective Interest Rate (EIR) as low as 5% and fee waivers under this Promotion.

ii. Effective Interest Rate quoted above is floating and pegged to the Bank’s Prime Lending Rate (PLR). Any change in PLR will result in a change in the applicable interest rate.

iii. Eligible Applicants are entitled to full waivers for the following:

    • Loan processing fee
    • Real Time Gross Settlement (RTGS) and Cashier Order fee

4. General

i. This Promotion is governed by Baiduri Bank’s terms and conditions on the related products and any other documents forming the banking agreement.

ii. Baiduri Bank may, at any time and without prior notice or liability to any party, suspend or terminate the Promotion or vary these terms and
conditions.

iii. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.

(B) One Riverside promotion

1. Term

This Promotion begins on 1 August 2020 and ends on 30 December 2020, both dates inclusive (the “Promotion Period”).

2. Eligibility

i. This Promotion is open to new and existing customers who meet the following criteria (‘Eligible Applicants’):
  • apply for a One Riverside Home Loan with Baiduri Bank during the Promotion Period; and
  • are full-time employees of the Brunei Government, semi-Government organisations, Brunei Shell Petroleum and subsidiaries, Petroleum Brunei; or
  • are full-time employees of any private sector companies; or
  • are sole proprietors and business owners; and
  • are Brunei citizens or permanent residents; or 
  • are foreigners with a valid employment pass 

ii. Assignment of salary or business income to the Bank is compulsory.

iii. Approval of loan application is subject to the Bank’s credit assessment policies.

3. Offers

i. Eligible Applicants will be entitled to an Effective Interest Rate (EIR) as low as 4%, subsidy up to 3% of approved loan amount and fee waiver under this Promotion.

ii. Effective Interest Rate quoted above is floating and pegged to the Bank’s Prime Lending Rate (PLR). Any change in PLR will result in a change in the applicable interest rate.

iii. Subsidy is limited to 3% of Eligible Applicant’s approved loan amount or a maximum of BND10,000, whichever is lower. This subsidy is intended to cover costs of legal documents, Mortgage Reducing Term Assurance (MRTA), valuation report and fire insurance. Balance of subsidy if any, after fees payment will not be released to Eligible Applicants.

iv. Eligible Applicants are entitled to a loan processing fee waiver.

4. General

i. This Promotion is governed by Baiduri Bank’s terms and conditions on the related products and any other documents forming the banking agreement. 

ii. Baiduri Bank may, at any time and without prior notice or liability to any party, suspend or terminate the Promotion or vary these terms and conditions.

iii. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.

(C) Home Ownership Loan promotion

1. Term

This Promotion begins on 1 August 2020 and ends on 30 December 2020, both dates inclusive (the “Promotion Period”).

2. Eligibility

i. This Promotion is open to new and existing customers who meet the following criteria (‘Eligible Applicants’):

  • apply for a Home Ownership Loan with Baiduri Bank during the Promotion Period; and
  • are full-time employees of the Brunei Government, semi-Government organizations, Brunei Shell Petroleum and subsidiaries, Petroleum Brunei; or
  • are full-time employees of private sector companies; or
  • are sole proprietors and business owners; and
  • are Brunei citizens or permanent residents; or 
  • are foreigners with a valid employment pass 


ii. Assignment of salary or business income to the Bank is compulsory.

iii. Approval of loan application is subject to the Bank’s credit assessment policies.

3. Offers

i. Eligible Applicants will be entitled to an Effective Interest Rate (EIR) as low as 4%, subsidy up to 5% of approved loan amount and fee waiver under this Promotion.

ii. Effective Interest Rate quoted above is floating and pegged to the Bank’s Prime Lending Rate (PLR). Any change in PLR will result in a change in the applicable interest rate.

iii. Subsidy is limited to 5% of Eligible Applicant’s approved loan amount or a maximum of BND15,000, whichever is lower. This subsidy is intended to cover the costs of legal documents, valuation and fire insurance. Balance of subsidy if any, after fees payment will not be released to Eligible Applicants.

iv. Eligible Applicants are entitled to loan processing fee waiver.

4. General

i. This Promotion is governed by Baiduri Bank’s terms and conditions on the related products and any other documents forming the banking agreement.

ii. Baiduri Bank may, at any time and without prior notice or liability to any party, suspend or terminate the Promotion or vary these terms and conditions.

iii. The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with the Promotion. The Bank’s determination of all matters relating to this Promotion shall be final and conclusive and no correspondence will be entertained.

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