Financing » Bank Islam Brunei Darussalam

Personal Financing

Personal Financing: Customisable financing options to suit your lifestyle needs.
Overdraft Facility: Financing for those rainy days.
Micro Financing: Shariah-based pawn-broking using gold items and precious stones as collateral.

Education Financing

Children's Education: Financing package to help students pursue further education.
Self Education: Financing package to help government and semi-government employees further their studies or upgrade their skills.

Home Financing

Home Financing: Build your dream home with a financing plan that complements your lifestyle.
Home Rumah Plus: Offering you a home financing solution with all the best benefits and so much more.
Home Improvement: Get the finances you need to renovate and improve your home.

Personal Financing

PERSONAL FINANCING	Personal Financing	Overdraft Facility	Micro Financing
	Customisable financing options to suit your lifestyle needs	Financing for those rainy days	Shariah-based pawn-broking using gold items and precious stones as collateral
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Maximum Financing Amount	Up to 12 x gross monthly income; Debt service ratio not exceeding 22% of gross monthly income	Up to 12 x gross monthly income; or the remainder of not-availed personal financing, whichever is lower; or whatever the amount if the Naqad is fully secured by an Investments deposit	Al-Jauhar Scheme: 90% of collateral's prevailing market rate, up to BND 30,000.00 Az-Zahab: 60% of collateral's prevailing market rate, up to BND 30,000.00
Daily Transaction Limit	N/A	N/A	Up to BND 6,000.00
Repayment Period	Shall not exceed six (6) years	Maximum term of twelve (12) months for new overdraft facility or renewal.	Repayment and redemption within 6 months from date of financing
Shariah Concept	Bai Bithaman Ajil (BBA)	Bai Bithaman Ajil (BBA) Naqad	Ar-Rahnu
Eligibility
Nationality	Brunei Citizens and Permanent Residents	Brunei Citizens and Permanent Residents	Brunei Citizens and Permanent Residents
Age	Individuals aged 18 to 65 years* (T&C apply)	Individuals aged 18 to 65 years* (T&C apply)	Individuals aged 18 to 65 years
Employment	Government employees Semi-Government employees Private Sectors employees acceptable by the Bank Pensioners	Government employees Semi-Government employees Private Sectors employees acceptable by the Bank Pensioners	---
Other Criteria	---	---	Assignment of Income (applicable for Al Jauhar scheme)

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Education Financing

EDUCATION FINANCING	Children's Education	Self Education	A+ Student Overdraft (under A+ Student Package)
	Financing package to help students pursue further education	Financing package to help government and semi-government employees further their studies or upgrade their skills	Overdraft facility with no financing cost to give students additional financial boost during their term of study
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Maximum Financing Amount	For income exceeding BND 2,000 – BND 200,000; For income not more than BND 2,000 – BND 100,000	For income exceeding BND 2,000 – BND 200,000; For income not more than BND 2,000 – BND 100,000	$300.00 overdraft only, attached to a BIBD Current Account
Grace Period	Package A Financing without Grace Period: Profit plus principle to be paid upon disbursement of funds Package B Financing with Grace Period Profit only during grace period according to drawdown amount Profit plus principle after the grace period 36 months maximum grace period	Grace period according to duration of course	---
Repayment Period	Maximum total tenure of 120 months (10 years) Maximum grace period of 48 months (4 years)	Twelve (12) years maximum including grace period. Grace period is according to the duration of the course taken.	Expires 2 months uopn completion of course
Shariah Concept	Bai Bithaman Ajil (BBA)	Bai Bithaman Ajil (BBA)	Qardh
Eligibility
Nationality	Brunei Citizens and Permanent Residents	Brunei Citizens and Permanent Residents	Brunei Citizens and Permanent Residents
Age	Individuals aged 18 to 65 years (For applicant)	Individuals aged 18 to 65 years	Individuals aged 18 and above
Employment	Government employees Semi-Government employees Private Sectors employees acceptable by the Bank Pensioners	Government employees Semi-Government employees Private Sectors employees acceptable by the Bank Pensioners	---
Other Criteria	Fulfilled criteria set by Ministry of Education scholarship unit	Open to existing clients who wish to further their studies locally or abroad and wish to reduce their existing monthly installment during their course under unpaid study leave only. It may NOT be used to settle any existing outstanding obligations with BIBD, BIBD At-Tamwil or other financial institutions.	Student of any college, university or any other higher education institution receiving a monthly school allowance.

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Home Financing

HOME FINANCING	Home Financing	Home Rumah Plus	Home Improvement
	Build your dream home with a financing plan that complements your lifestyle.	Offering you a home financing solution with all the best benefits and so much more	Get the finances you need to renovate and improve your home.
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Benefits	Start-up Subsidy: Legal Documentation Fee Property Valuation Fee Mortgage Redemption Term Assurance (MRTA)	Get a higher financing entitlement of up to 97% of property value Financing amount up to BND 1 Million Enjoy 0% profit rate* for the first 6 months of repayment Tiered pricing structures Higher subsidies to cover: Legal Documentation Fee, Property Valuation Fee, Mortgage Redemption Term Assurance (MRTA)	Applicable for both Government Housing Scheme and Private Homes
Repayment Period	Up to 25 years maximum tenure	Up to 30 years maximum tenure	Up to 10 years maximum tenure
Financing Purpose	Home Purchase Home Construction Land purchase Mortgage / home equity Home refinancing Rescheduling from other Banks / Government loan Shophouse financing	Mortgage / home equity Home refinancing Rescheduling from other Banks / Government loan	Home Renovation Home Extension Additional funds to finance your home
Shariah Concept	Bai Bithaman Ajil (BBA)	Musyarakah Mutanaqisah	Bai Bithaman Ajil (BBA)
Eligibility
Nationality	Brunei Citizens and Permanent Residents	Brunei Citizens and Permanent Residents	Brunei Citizens and Permanent Residents
Age	Individuals aged 18 to 65 years	Individuals aged 18 to 65 years	Individuals aged 18 to 65 years
Employment	Government employees Semi-Government employees Private Sectors employees acceptable by the Bank	Government employees Semi-Government employees Private Sectors employees acceptable by the Bank	Government employees Semi-Government employees Private Sectors employees acceptable by the Bank

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