| Rokiah Mahmud |
THE 5th BIBD Home Showcase was launched by Awang Yusof bin Haji Abd Rahman, the Managing Director of Autoriti Monetari Brunei Darussalam, yesterday at The Mall, Gadong.
The 10-day event which will be held until October 4, highlights BIBD’s financing packages such as Home Financing, Home Improvement Financing, Education Financing and Personal Financing along with other BIBD’s products, services and promotions such as the debit card conversion.
Javed Ahmad, BIBD’s Managing Director, in his opening speech said that BIBD understands the troubles that one has to go through in order to own their dream home.
“Buying or renovating a home is extremely exciting, yet it is one of the most stressful experiences a person can go through. The sheer amount of tedious work is exhausting and most will be put off by the whole ordeal,” he said.
Here at BIBD, he added, “we want the people to focus on what is important to them – their dream home – and let us handle the rest.
“This is why the BIBD Home Showcase makes perfect sense as everything is in one place. We have assembled our partners here for the ease and benefit of our customers so that you can see the options available and select your dream home and the house configuration you have always wanted.
“This is the transformation and evolution of BIBD – from being just a provider of over-the-counter transaction services to becoming the creators of crucial links between customers and businesses.
“We are no longer just a branch where people visit, but enablers to our customers. Our efforts in making the lives of our customers easier, such as providing online and mobile banking services, or even organising today’s Home Showcase, highlight our commitment,” he said.
The 5th BIBD Home Showcase will also house BIBD’s Tijarah (Business Banking) which provides a special relationship management system for newly established SMEs and SMEs that have not registered with BIBD via the other business segments. The Business Banking unit provides further conveniences to its Tijarah customers by providing them with dedicated relationship managers to facilitate their account openings, remittances, CIB, fee waivers, along with other banking needs to help these SMEs to further excel and focus on their business.
Also participating in the showcase are BIBD’s partners within the industry, including real estate agents namely Bess Perfect Property Agency, BSTC Real Estate, Say Koo Liew Sdn Bhd, J-Fa Real Agency & Marketing, Precise Development along with Tchung Real Estate; and household names such as Flexa and Interline, Takaful Coverage from Takaful Brunei Keluarga and Takaful Brunei Am as well as other players in the home building and renovation industries. Vendors such as Dbookhaus and Chlocits are also part of the showcase.
BIBD also acknowledges the importance of owning a home at a younger age as they are able to take up the maximum repayment tenure of 35 years added with a lower monthly repayment, as opposed to owning a home at a later age with an increased monthly repayment. Home investment is also an important asset class investment where returns on investment can reach as high as seven to nine per cent.
Furthermore, on every day during the BIBD Home Showcase, the first 100 customers to convert their BIBD ATM Card to the new BIBD Debit Card will be given a $5 coffee voucher. BIBD will also be giving out a fee waiver promotion on the processing fee of $200 during the showcase, whereby, applicants of BIBD’s Home Improvement Financing and Education Financing packages will be entitled to a 100 per cent waiver, while a 50 per cent waiver is entitled to Home Financing applicants.
BIBD’s Home Financing specialists will also be on hand throughout the roadshow to assist and provide advices on home financing solutions that are suitable for customers, such as BIBD Rumah Plus which offers an attractive home financing package with higher financing entitlement, 50 per cent processing fee waiver, tenor of up to 25 years, lower repayment schedule and attractive profit rates.
Customers may also choose to include the start-up costs of the financing such as legal document fees, MRTA takaful and valuation fees into the overall financing entitlement.
During the 10-day showcase, successful applicants of BIBD products and services will stand a chance to win daily grand prizes comprising a trip to Kota Kinabalu, 32-inch Samsung television, fruit juicer, vaccum cleaner, $200 Thomson Voucher along with BIBD gifts.
The 5th BIBD Home Showcase opens daily from 10am until 10pm, except on Friday, when it will open from 2pm until 10pm.