Education Kit Financing
Syariah Concept
Tawarruq
Purpose
- This facility is to finance the purchase of equipment and its related accessories for educational purposes.
Financing Amount
- Maximum financing amount of up to BND5,000.00
Financing Term
- A maximum financing term of up to 6 years
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Coverage
- Takaful Coverage
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Basic Eligibility
- Open to 18 years and above (not exceeding the retirement age or the academic term at the end of the repayment period)
- Brunei Citizen and Permanent Residents
- Employed with the Brunei Government and Private Sectors recognized by Perbadanan TAIB
- A student in the Higher Educational Institutions or Universities
- A fixed educational allowances for students
- Net Disposable Income from as low as BND500
Basic Documentation Required
- Completed Education Kit financing application form
- Applicant’s valid Identification Card
- Original copy of applicant’s latest three (3) month’s salary slips or confirmation letter of educational allowance
- Latest employment confirmation letter
- Latest three (3) months bank statements (for salary with other financial institutions)
- Latest quotations from authorized computer vendors
- Latest certificate of balance and/or latest clearance letter (for salary with other financial institutions)
Fees
Refer to TAIB Schedule of Tariffs & Fees