Let us help you reorganise your finances

Let us help you reorganise your finances Promotion(“this Promotion”) Terms and Conditions

1. Term
1.1 This Promotion begins on 1 March 2019 and ends on 30 April 2019, both dates inclusive (the “Promotion Period”).
2. Eligibility

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

  • apply for a new Personal Loan or Consolidation Loan with Baiduri Bank; or
  • transfer their existing Personal Loan or Consolidation Loan with other banks to Baiduri Bank; or
  • apply to top-up their existing Personal Loan with Baiduri Bank during the Promotion Period; 
  • are Brunei citizens or permanent residents
2.2 For Consolidation Loan, the facilities to be consolidated must be granted before 8 June 2015 in the name of the Eligible Applicant, and existing Total Debt-Service Ratio (TDSR) must be over 60%.
2.3 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 (EIR) as low as 6% per annum, 24-hour approval, 24-hour drawdown and shopping rewards 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 24-hour approval of loan application is subject to complete documentation at the time of application.
3.4 24-hour drawdown of loan application is subject to approval of loan application.
3.5 Rewards under this Promotion are subject to a minimum approved loan amount of BND10,000 and capped at a maximum value of BND350.

Eligible Applicants will be entitled to tiered rewards based on table below. Rewards will be given in the form of shopping vouchers.

Approved Loan Amount (BND) Value of rewards (BND)
BND10,000 to BND20,000 100
BND21,000 – BND30,000 150
BND31,000 – BND40,000 200
BND41,000 – BND50,000 250
BND51,000 – BND99,000 300
BND100,000 and above 350
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.