Be Festive Ready

Be Festive Ready ("This Promotion") Terms and conditions:

1. Term
 
1.1 This Promotion begins on 4 June 2018 and ends on 31 July 2018, both dates inclusive (the "Promotion Period").
2. Eligibility
 
2.1 This Promotion is applicable to Baiduri Bank Personal Loan applied and approved during the Promotion Period. It is applicable to new applications and top-ups.
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 will be entitled to an Effective Interest Rate of 5.5% per annum, 1% cash rebate, 24-hour approval and discounted processing fees under this Promotion.
3.2 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.
3.3 The 1% cash rebate offer is capped at BND500 and subject to a minimum approved loan amount of BND5,000 and a maximum of BND100,000
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:
  • new applications will be charged BND100 instead of BND200;
  • top up applications will be charged BND100 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.