Home Financing

Your dream home is now a reality.

Features & Benefits

  • Secure attractive financing rates based on how much you can afford in payments
  • Enjoy a flexible payment period of up to 25 years
  • Get a higher financing entitlement of property value
  • A maximum Total Debt Service Ratio (TDSR) of 70% for those with net income of BND 1,750.00
    and above subject to Bank‘s policy
  • Use our Home Financing scheme for a wide range of purposes:
    • Home Purchase
    • Home Construction
    • Land Purchase
    • Home Refinancing / Mortgage
  • Shariah Concept

    The underlying concept(s) adopted for this product are;

    • Musharakah Mutanaqisah
      The Bank and the Customer agree to jointly purchase and co-own a property, which is called a Musharakah agreement. Both Customer and the Bank will contribute to the Musharakah by contributing Musharakah Shares (the Customer will contribute by paying the deposit, while the Bank will contribute the remaining finance amount). The Customer undertakes to buy the shares owned by the Bank gradually until all of the Bank’s shares are purchased by the Customer over the period of finance.
    • Ijarah
      The Bank will lease its shares of the property to the Customer under the Shariah principle of Ijarah. In other words, the Customer will pay Ijarah rentals to the Bank over the period of finance.
    • Bai Bithaman Ajil
      Sale of goods on a deferred payment basis at a price which includes profit margin as agreed by both parties.
  • Eligibility
    • Brunei Citizens and Permanent Residents
    • Individuals aged 21 to 65 years*
    • Employed with Brunei Government, Semi-Government or private companies approved by BIBD including self-employed individuals

    *The maximum age of Customer is 55 years if the Customer is not receiving TAP, 60 years if the Customer is receiving TAP and not exceeding 65 years at the time of expected financing maturity.

    The final entitlement shall be subject to BIBD’s internal credit policies and assessment.

  • Required Documents


    • Original copy of Identification Card
    • Original copy of latest Salary Slip
    • Letter of Confirmation (Salary / Pension / Service Contract)
    • Statement of Account with other Financial Institutions (where applicable)
    • Business Registration Certificate (where applicable)*

    *Subject to BIBD’s assessment of the company’s/customer’s employment profile

    Property Documents

    • Land Title Deed
    • House Plan
    • Sales and Purchase Agreement
  • Fees and Requirements

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

    Please read this Product Disclosure Sheet (English/Malay) before you decide to take the Home Financing.


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