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Own your dream home
Home is not just a place, it’s where you create stories and memories with special ones. Buy or build the house you’ve always wanted and enjoy our exclusive offers and benefits.
  • Terms & Conditions

    “Own your dream home” Promotion (“this Promotion”) Terms and Conditions:

    1. Term 

    This Promotion begins on 15 April 2021 and ends on 31 July 2021, both dates inclusive (the “Promotion Period”).

    2. Eligibility

    2.1 This Promotion is open to new and existing customers who meet the following criteria (“Eligible Applicants”): 

    • apply for a Home Ownership Loan or Home Refinancing Loan during the Promotion Period; or
    • apply to transfer their Home Loan with other banks to Baiduri Bank during the Promotion Period; and
    • are employees of the Brunei Government, semi-Government organisations, Government-Linked Companies, private sector companies, and sole proprietor; and
    • have a minimum monthly net income of BND1,500 (if salary is assigned to Baiduri Bank) and BND2,500 (if salary is not assigned to Baiduri Bank); and
    • are Brunei citizens or permanent residents

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

    3. Offers

    3.1 Eligible Applicants who have their salary credited to Baiduri Bank or are agreeable to transferring their salary to Baiduri Bank will enjoy the following offers:

    a. Effective Interest Rate as low as 4.0% 

    b. Loan-to-Value (LTV) and Subsidy options

    b.1 Eligible Applicants who choose to take up the subsidy option will be entitled to:

    • Up to 93% LTV
    • Subsidy up to 3% or maximum of BND10,000 which covers the costs of applicable fees. Any other fees not covered in the subsidy can be added to the loan amount. Balance of subsidy of any, after fees payment will not be released to Eligible Applicants.

    b.2 Eligible Applicants who choose the no subsidy option will be entitled to:

    • Up to 95% LTV
    • Addition of up to 5% legal documentation fees and other fees to the loan amount.

    3.2 Eligible Applicants who do not have their salary credited to Baiduri Bank will enjoy the following offers:

    a. Effective Interest Rate as low as 4.75% 

    b. Loan-to-Value (LTV) and Subsidy options

    b.1 Eligible Applicants who choose to take up the subsidy option will be entitled to:

    • Up to 83% LTV
    • Subsidy up to 2% or maximum of BND5,000 which covers applicable fees. Any other fees not covered in the subsidy can be added to the loan amount. Balance of subsidy of any, after fees payment will not be released to Eligible Applicants.

    b.2 Eligible Applicants who choose the no subsidy option will be entitled to:

    • Up to 90% LTV
    • Applicable fees can be added to the loan amount.

    3.3 Applicable fees include legal documentation fees, Sales and Purchase Agreement, stamp duty fees, processing fee, valuation fee, fire insurance, MRTA and other fees if any.

    3.4 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.

    4. General

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

    4.2 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.

    4.3 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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