More Savings For You ("This Promotion") Terms and conditions:

1. Term
 
1.1 This Promotion begins on 15 March 2018 and ends on 30 June 2018, both dates inclusive (the "Promotion Period").
2. Eligibility
 
2.1 This Promotion is open to customers who meet all of the following criteria (‘Eligible Applicants’):
  • do not have existing credit facilities with Baiduri Bank;
  • apply to transfer their Home Loan or Personal Loan with other banks to Baiduri Bank during the Promotion Period;
  • are full-time employees of the Brunei Government, semi-Government organisations, Brunei Shell Petroleum and subsidiaries, Petroleum Brunei or any private sector companies with corporate facilities with Baiduri Bank;
  • are Brunei citizens and permanent residents
2.2 Assignment of salary to the Bank is compulsory.
2.3 Approval of loan applications is subject to Bank’s credit assessment policies.
3. Offers
 
3.1 For Home Loan, Eligible Applicants will be entitled to the promotional rate of 3.75% EIR and subsidy equivalent to 2% of the approved loan amount or a maximum of BND 15,000, whichever lower.
3.2 Home Loan subsidy covers transfer costs such as legal documents, re-assignment of MRTA, individual insurance protection, valuation and fire insurance for the first year.
3.3 If the Home Loan subsidy is insufficient to cover all professional fees, the remaining balance can be capitalized into the loan amount.
3.4 For Personal Loan, Eligible Applicants will be entitled to the promotional rate of 5.5% EIR and subsidy equivalent to 2% of the approved loan amount or a maximum of BND 1,000, whichever lower.
3.5 All interest rates quoted above are floating and pegged to the Prime Lending Rate (PLR) as determined by the Brunei Association of Banks. Any change in PLR will result in a change in the applicable interest rates.
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.