Enjoy lower interest rate and monthly repayments when you transfer your loan

More Savings For You (“this Promotion”) Terms and Conditions:

1. Term
1.1 This Promotion begins on 14 August 2018 and ends on 30 September 2018, both dates inclusive (the “Promotion Period”).
2. Eligible Plans
2.1 This Promotion is open to customers who apply to transfer their Personal Loan or Consolidation Loan with other banks to Baiduri Bank during the Promotion Period.
2.2 This Promotion is open to customers who meet all of the following criteria (‘Eligible Applicants’):
  • are full-time employees of the Brunei Government, semi-Government organisations and Brunei Shell Petroleum;
  • are Brunei citizens or permanent residents
2.3 Assignment of salary to the Bank is compulsory.
2.4 Approval of loan applications is subject to the Bank’s credit assessment policies.
3. Offers
3.1 Eligible Applicants for a Personal Loan will be entitled to an Effective Interest Rate of 5.5% per annum, 24-hour approval and a BND100 processing fee under this Promotion.
3.2 Eligible Applicants for a Consolidation Loan will be entitled to an Effective Interest Rate of 6.5% per annum, 24-hour approval and a BND75 processing fee under this Promotion.
3.3 Effective Interest Rates quoted above are floating and pegged to the Bank’s Prime Lending Rate (PLR). Any change in PLR will result in a change in the applicable interest rates.
3.4 24-hour approval of loan application is subject to complete documentation at the time of application.
3.5 Eligible Applicants will be entitled to discounted processing fees as follows:
  • Personal Loan applications will be charged BND100 instead of BND200;
  • Consolidation Loan applications will be charged BND75 instead of BND150
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.