Celebrate the festive season with our home loan offers - Promotions

Celebrate the festive season with our home loan offers

Make this Raya truly special by taking a major step towards home ownership, or refinancing your current home for greater financial flexibility.

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Terms & Conditions
Celebrate the festive season with our home loan (“Promotion”) Terms and Conditions

1. Term

1.1 Participation in this Promotion constitutes acceptance of these terms and conditions (the “Terms”).

2. Promotion Period

2.1 This Promotion is valid from 3 March 2025 until 30 May 2025, both dates inclusive, or such other date(s) as determined by Baiduri Bank Sendirian Berhad (“the Bank”) at its absolute discretion (the “Promotion Period”).

3. Eligibility

3.1 This Promotion applies to the following Baiduri Bank Home Financing products:
3.1.1 Home Ownership Loan
3.1.2 Home Refinancing Loan
3.1.3 Home Equity Loan

3.2 This Promotion is open to both new and existing individual customers of the Bank who apply for a Home Financing Product and meet the following criteria during the Promotion Period (each an “Eligible Applicant”, collectively “Eligible Applicants”):
3.2.1 Brunei Citizens or Permanent Residents, excluding self-employed individuals; or
3.2.2 Eligible Foreigners.
3.3 Eligible Foreigners are defined as:
3.3.1 Foreigners born in Brunei Darussalam applying for Brunei Citizenship or Brunei Permanent Residency; or
3.3.2 Foreigners working in Brunei Darussalam and married to a Brunei Citizen; or
3.3.3 Foreigners earning a directorship or partnership fee in Brunei Darussalam.
3.4 Eligible Applicants must maintain their salary, directorship fee, or partnership fee with the Bank throughout the duration of the loan.

3.5 Home Ownership Loan, Home Refinancing Loan and Home Equity Loan require a minimum tenure of ten (10) years and a loan amount of at least BND100,000.

3.6 Approval of the Home Financing applications is subject to full satisfaction of the Bank’s criteria, including but not limited to, credit assessment and documentation requirements.

3.7 Employees of the Bank, Baiduri Finance Berhad, and Baiduri Capital Sendirian Berhad are eligible to participate in this Promotion.

4. Promotion Mechanics

4.1 Home Ownership Loan

Eligible Applicants can select one of the following offers:

Offer A
Offer B
Promotional Effective Interest Rate (“EIR”)¹
BLR² – 1.5% = 4.0% EIR
BLR²– 1.25% = 4.25% EIR
Subsidy
None
Up to 4% of approved loan amount, capped at BND18,000
Financing for associated costs
Up to 10% of Open Market Value
None
Early or Partial Repayment Fee
A one-off 50% discount on settlement fees for settlements from the 6th year onward.
Not applicable to accounts taken over from other financial institutions.
4.2 Home Refinancing Loan

Eligible Applicants can select one of the following offers:

Offer A
Offer B
Promotional Effective Interest Rate (“EIR”)¹
BLR² – 1.5% = 4.0% EIR
BLR² 1.25% = 4.25% EIR
Subsidy
None
Up to 4% of approved loan amount, capped at BND18,000
Financing for associated costs
Up to 10% of Open Market Value
None
Subsidy of settlement fee from other financial institutions
Up to 2% of settlement penalty fees from other financial institutions, capped at BND5,000
4.3 Home Equity Loan

Eligible Applicants can select one of the following offers:

Offer A
Offer B
Promotional Effective Interest Rate (“EIR”)¹
BLR² – 1.5% = 4.0% EIR
BLR² 1.25% = 4.25% EIR
Subsidy
None
Up to 4% of approved loan amount, capped at BND18,000
Financing for associated costs
Up to 10% of Open Market Value
None
¹EIR is floating and linked to the Base Lending Rate ("BLR").
²BLR is currently at 5.5% and subject to change at the Bank's discretion.

4.4 The subsidy or financing for associated costs granted under this Promotion can be used for the payment of fees including, but not limited to:
4.4.1 Preparation of legal documentation
4.4.2 Fire insurance for the first year of purchase only
4.4.3 Mortgage Reducing Term Assurance (“MRTA”)
4.4.4 Valuation reports
4.4.5 Stamp duty for Memorandum of Charge
4.5 Any unused portion of the subsidy amount after payment of the above fees will not be released to the successful applicants. If the approved loan is partially or fully settled before its maturity date, or transferred to other financial institutions, the Bank reserves the right to recover the whole subsidy granted under this Promotion. Any unused financing for associated costs will be credited into the customer’s account with the Bank.

4.6 If the successful applicant cancels their application after approval and/or before disbursement, they will be liable for all fees and costs associated with loan processing and must repay any subsidy received to the Bank upon demand. The Bank may debit this amount from their account without notice.

5. General

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

5.2 The Bank may, at any time and without prior notice or liability to any party, suspend or terminate this Promotion or vary the Terms.

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

5.4 This Promotion is not valid with other offers, privileges, or promotions unless stated otherwise.

5.5 By participating in this Promotion, Eligible Applicants consent to the collection, use and disclosure of the Eligible Applicant’s personal data by/to the organisers, promoters or conductors of this Promotion, and such other third parties for the purpose of this Promotion, in accordance with the Group Privacy Policy. Eligible Applicants confirm that they have read and agree to the terms of the Group Privacy Policy, as may be amended, supplemented, and/or substituted by the Bank from time to time, a copy of which can be found on www.baiduri.com.

5.6 In the event of any discrepancy between the Terms and any promotional materials relating to this Promotion, the Terms shall prevail.

5.7 The Terms shall be governed by and construed in accordance with the laws of Brunei Darussalam.

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