80% - 90% of the cost of construction

No principal repayment during construction period

repayment period

15-20 years maximum period of construction

25 years maximum period of restructuring purposes

18 months maximum construction period

20 years not including construction period, or

Not exceeding 55-65 years of age (subject to Mortgage Redemption Insurance/MRI) or 2 months before end of service contract, whichever is earlier

12 months maximum construction period

Brunei Citizens and Permanent Residents

Employed by the Brunei Government or Private Sector recognized by the Bank

Original 1.C

Copy of latest salary slip

Confirmation of Salary / Monies / Rental from Brunei Government or Private Sector recognized by the Bank

Letter of Certification  on financing balance with other financial institutions, if any

Full valuation report on the land I property that is going to be mortgaged from our accredited Property Surveyors

Copy of Land Title Deed

Applicant's statement of accounts

Original 1.C

Copy of latest salary slip

Declaration of other guaranteed financing

Sales and Purchase Agreement or Letter of Intent from seller

Seller's Original 1.C

Balance of seller's / developer's financing with other Bank (if property is charged to other Bank)

Agreement between owner and contractor (for erecting a new house)

Approval for site and building development from the relevant authority

Copy of approved housing plan

Assignment of Monthly Salary / Monies / Rental from the Brunei Government or recognized Private Sector

Power of Attorney / Memorandum of charge (First party only)

Endorsement of Fire Protection Plan during and after construction up to its full insurable values with Takaful BIBD Bhd with endorsement from the Bank as the beneficiary. The original policy shall be kept by the Bank

Mortgaged Redemption insurance (MRI) with endorsement from the Bank as the beneficiary. The original policy shall be kept by the Bank
Submission of original Land Title Deed

Personal Continuing Guarantor (PCG)

Brunei Citizens and Permanent Residents

An employee of the Brunei Government, Royal Brunei Airlines or Brunei Shell Companies

Must not be a contract employee

Income must be sufficient to cover the proposed monthly Instalment

Original Land Title Deed(s)

Power of Attorney / Memorandum of Charge (First party only)

Property Sales Agreement (prepared by the Bank's accredited lawyer and selected by the customer)

Property Purchase Agreement (prepared by the Bank's accredited lawyer and selected by the customer)

Deed of assignment (prepared by lawyer)

Confirmation of Deposit for Land Title Deed Documents

Mortgaged Redemption insurance Policy

Fire Protection policy

Personal Continuing Guarantee Agreement

Letter of undertaking from guarantor

Letter of undertaking from customers authorizing the Bank to deduct their account for renewal of the property's Fire Protection