Simple Procedure
Our simple requirements and easy procedure are designed to save you time.
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Buy Now...Pay Later
Durable Finance
The program gives you
access to a wide range of diverse, high-quality products through a group of
trusted service providers, with flexible instalments for up to 3 years. Simple,
fast application procedures ensure a smooth and convenient customer experience.
Features
Prompt Approvals
You'll get prompt approval so you can move forward with your purchase sooner.
Wide Network
Access financing through a broad network of approved service providers.
Products
Products That Can Be Financed:
- Electronic Devices
- Home Appliances
- Furniture
- Generators
- Building Material
- Solar System
Benefits
Buy Now, Pay Later
Get the products you need today and pay through convenient instalments.
Multiple Product Choices
Select from a wide range of products offered by approved service providers.
Flexible Repayment
Spread the cost over manageable monthly instalments for up to 36 months.
Finance Details
Finance Limits
- Minimum: SDG 500,000
- Maximum for Building Material: SDG 12,000,000
- Maximum for Other Categories: SDG 50,000,000
Finance Tenure
- Up to 3 years
Down Payment
- 30% of the financing amount (as per CBOS regulations)
Profit Rate
- 22% per year
Eligibility
Target Customers
- Salaried Employees: 3 months with the current employer (not on probation).
- Self-Employed Businesses (SEB): Businesses established and running for at least 12 months.
- Self-Employed Professionals (SEP): Professional license that has been operational for at least 12 months.
Age
- Salaried: Minimum 21 years at the application stage. Maximum 65 years at finance maturity.
- SEB/SEP: Minimum 25 years at the application stage. Maximum 76 years at finance maturity.
Debt Burden Ratio
- Maximum 50% of net monthly income
Requirements
General Requirements
- Applicant’s valid identification document
- Applicant’s National Number Certificate
- 2 references with valid IDs and complete addresses (Blood relatives with different addresses are allowed)
- 2 recent coloured photos (Passport photo size)
- Valid invoice from a BOK-authorized service provider
Salaried Professionals:
- Valid Salary Certificate with date of joining, occupation and net monthly salary
Self-Employed Business/Self-Employed Professionals:
- Business Registration Documents
- Last 6 months' original stamped bank statement
* Finance is available for Sudanese nationals only
* Shariah terms and conditions apply
* Shariah terms and conditions apply
