Home Equity Release Loan

Unlock the door to your home’s true worth today

From today until 30 November 2020, go for that renovation, build that home you’ve always dreamt of or give your children the best education. All of this, and more, straight from your home with Baiduri Bank’s Home Equity Release Loan.

Terms & Conditions

1. Term

This Promotion begins on 1 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 of Baiduri Bank who apply for a Home Equity Release Loan during the Promotion Period and meet all of 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 to the Bank is compulsory.
iii. Approval of loan application is subject to the Bank's credit assessment policies.

4. Offers

i. Eligible Applicants will be entitled to an Effective Interest Rate (EIR) as low as 4.75% per annum, subsidy up to 3% of approved loan amount 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. Subsidy is limited up to 3% of Eligible Applicant’s approved loan amount or a maximum of BND10,000, whichever is lower. This subsidy is intended to cover the costs of legal documents, valuation and fire insurance. 

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

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

5. 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.


Contact our customer support team if you have any further questions. We are here to help you.

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