Financing Solution at its Best
What is Motorcycle Financing?
Motorcycle Financing enables you to purchase a brand new motorcycle directly through any of our authorised motorcycle dealers with an affordable monthly rental installment. This product is based on the Shariah-compliant concept of Al-Ijarah Thumma Al-Bai or Islamic Hire and Purchase concept.
How long is my maximum financing tenor and how much is the minimum deposit?
Your maximum financing tenor entitlement is between 5 to 7 years depending on model and price.
What is the profit rate for Motorcycle Financing?
BIBD At-Tamwil Berhad offers competitive profit rates depending on model and financing tenor.
What are the terms and conditions for Motorcycle Financing?
The normal terms and conditions are as follows:
  • Open to Government employees, including daily-paid;
  • Salary must be assigned to Bank Islam Brunei Darussalam Berhad;
  • Minimum Minimum salary balance after all deductions, and guaranteeing obligations must not be less than our minimum Total Debt Service Ratio (TDSR) or Net Income threshold; and
  • Private sector employees may be subject to additional terms and conditions.

  • Other mandatory conditions include;
  • Prospective hirer must be a person of good character;
  • Must be honest and trustworthy with good past payment track record;
  • Must be a citizen or permanent resident of Negara Brunei Darussalam; and
  • Must not be bankrupt or blacklisted by any financial institution or other organizations.
  • For your convenience, payments can be made through free standing instruction/direct deduction from your bank account.
How long is the approval period?
Provided you meet the above terms and conditions with the required supporting documents, you can have our approval on-the-spot®.
What documentations are required?
BIBD At-Tamwil Berhad requires a minimum set of documents and they are as follows:
  • Original sighted copy of identity card;
  • Original sighted copy of valid driving license;
  • Original sighted copy of latest salary slip; and
  • Latest 3 months bank statement.
  • In addition to the above, on a case-to-case basis, BIBD At-Tamwil Berhad may also require:
  • Employment contract;
  • Confirmation of assignment of salary to BIBD; and
  • Any other relevant documents.
Can I purchase a Financing Protection (CFP) Takaful?
Yes, you can purchase a Financing Protection (CFP) at any of our Sales Counters. The CFP will protect your financing in the event of death by settling your financial obligations with BIBD At-Tamwil Berhad. The CFP premium is only payable once and it will cover the entire financing period. The Financing Protection (CFP) is provided by our authorised Takaful Company.
Product Disclosure Sheet
Please read this Product Disclosure Sheet before you decide to take the New Motorcycle Financing.
Please read this Product Disclosure Sheet before you decide to take the Used Motorcycle Financing.
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