Features & Benefits

  • Flexible installment payments
  • Extended repayment period, up to a maximum of 12 years
  • Grace period for repayments, according to the duration of your chosen course

Shariah Concept

  • Bai Bithaman Ajil (BBA)

    Bai Bithaman Ajil means a "deferred payment sale". Under this principle, the Bank first sells an asset to the customer, on deferred payment basis at a price equal to the financing amount plus agreed profit. The Bank will then purchase the asset from the Customer on cash payment basis at the agreed price of the financing amount.

Eligibility

  • Brunei Citizens and Permanent Residents
  • Individuals between the age of 18 and 65 years
  • Employment:
    • Government employees
    • Semi-Government employees

Required Documents

Applicant
  • Original copy of identity card or passport
  • Copy of latest salary slip
  • Confirmation of salary / service contract / rental / pension (where applicable)
  • Statement of savings with other financial institution (where applicable)
  • Letter of acceptance or confirmation of enrolment from the Educational Institution
  • Copy of approval from the Brunei Government

Fees and Requirements

For more details, please refer to the Bank's Schedule of Tariffs or the list of applicable rates for this product.