Principal Payment Holiday up to 3 months

Fulfill aspirations that you have been holding off such as starting a small business, refurbishing your home or paying off accumulated expenses with a Baiduri Personal Loan today. There is no better time than now to apply as you can enjoy the flexibility of making lower repayments for up to 3 months.

Terms & Conditions

1. Term 

  • This Promotion begins on 1 August 2020 and ends on 31 October 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 new Personal Loan with Baiduri Bank; or
  • Transfer their existing Personal Loan with other banks to Baiduri Bank; or
  • Are full-time employees of the Brunei Government, semi-Government organisations, Government-Linked Companies; or
  • Pensioners who are receiving monthly pensions; 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.

3. Offers

i. Eligible Applicants will be entitled to an Effective Interest Rate (EIR) as low as 5% per annum, up to 3 months principal moratorium, 24-hour approval and 3-year fee waiver on credit card application 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 only required to pay the interest of the outstanding loan amount and not the loan principal during the Principal Moratorium. The total principal loan holiday repayment will be spread over the loan tenor.

iv. 24-hour approval of loan application is subject to complete documentation at the time of application.

v. Eligible Applicants are entitled to a 3-year fee waiver on applications for the following credit cards:

  • Visa Classic
  • Mastercard Standard
  • Visa Platinum
  • Mastercard Platinum
  • Visa Infinite
  • Smart Executive Visa Platinum
  • Prestige Visa Infinite

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 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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