Consolidation Financing Scheme

Relieving you from financial burden.

  • Eligibility

    Employed with Brunei Government, Semi-Government or private companies approved by BIBD including self-employed individuals.

    Existing Total Debt Service Ratio must exceed 60% in order to be eligible to apply.

    Only financing facilities that were granted before 8th June 2015 are allowed to be consolidated.

    Only financing facilities under the name of the Applicant are allowed to be consolidated.

    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)

    Latest 3 months Bank Statements if salary is assigned with other Financial Institutions (where applicable)

    Certificate of Balance from Financing Institutions, including Finance Companies (where applicable)

    Business Registration Certificate (where applicable)

  • Requirements

    You may refer to the Bank's Schedule of Tariffs and the list of applicable rates for this product.


  • Consolidation of ALL or several financing facilities into a single monthly payment

Suitable For

  • Retired Individuals

  • Working Professionals

Quick links

Shariah Concept


Tawarruq consist of two sales contract. The Bank will purchase Shariah-compliant commodities from a supplier and sell the commodities to the customer (1st sale contract), disclosing cost price and profit amount (“Murabahah”). Customer, as the owner of the commodities, can appoint the Bank as their disposal agent (“Wakil”) to sell the commodities (2nd sale contract) to a third party on their behalf, and as their payment agent to credit the sale proceeds to the customer’s account and/or make payment arrangements as agreed by the customer.

Further Information

Please read the Product Disclosure Sheet and the General Tawarruq Terms and Conditions of Sale before you decide to take the Consolidation Financing Scheme.