Vehicle Financing

Syariah Concept
  • Al-Ijarah Thumma Al-Bai’ (AITAB)
Eligibility
  • Age 18 years old and above
  • Not exceeding the retirement age at the end of the payment period
  • Brunei citizen and permanent residents
  • Employees of Brunei Government and recognized Private sector
  • Must have salary / pension assigned to TAIB
Profit Rate
  • 4.25% Flat Rate (New car)
  • 7.00% Flat rate (New Motorcycle)
  • 4.75% Flat rate (Used car)
Basic Documentation Required
  • Valid driving license
  • Valid Identification Card
  • Copy of latest three (3) months salary

Purpose
  • For purchase of new or used car and new motorcycle
Term
  • Maximum 7 years
Mortgage Takaful for Hire Purchaser coverage
  • Optional
Product Disclosure Sheet
Malay English