Property Financing

Syariah Concept
  • Bai’ Bithaman Ajil (BBA)
Purpose
  • Purchase of Land
  • Purchase of House
  • Construction of House
  • Rescheduling Property Financing from other financial institution/Government
Eligibility
  • Open to 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 25 years
Profit Rate
  • 4.5% Monthly Reducing
Financing Amount
  • Max $500,000
Processing Fee
  • $300
Basic Documentation Requirement
  • A completed Property 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 (if applicable)
  • Latest certificate of balance and/or latest clearance letter (if applicable)
  • Details of Property (original copy of land title/approved house plan)
  • Assign salary to TAIB