Education Financing

Syariah Concept
  • Bai’ Bithaman Ajil (BBA)
Purpose
  • To finance education fees and expenses of local and overseas studies
Eligibility
  • Aged 18 years old and above
  • Not exceeding the retirement age at maturity of the financing
  • Brunei citizen and permanent residents
  • Employees of Brunei Government and selected Private sectors
Term
  • Max 7 years
Profit Rate
  • 7.5% Monthly Reducing
Financing Amount
  • Max $250,000
Processing Fee
  • $200
Basic Documentation Requirement
  • A completed Education Financing Application form
  • Valid Identification Card
  • Original copy of applicant’s latest three (3) months’ salary slips
  • Employment confirmation letter
  • Bank statements for the last 3 months (for salary with other financial institutions)
  • Latest clearance letter (for salary with other financial institutions)
  • Acceptance letter from the Educational Institution of University
  • Student (Academic qualification certificate, passport size photo, identification card/birth certificate/valid passport)
  • Course & Institution accredited by Brunei Darussalam National Accreditation council
  • Assign salary to TAIB