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Education Finance

Financial limitations shouldn't hold you back from enrolling in the school of your dreams. With our Education Finance Program, you and your loved ones can attend the best schools in the country and achieve your unique academic and real-world aspirations. <br>
We make education accessible to everyone through simple processes, fast approvals, and flexible monthly instalments, including options for co-borrowers. Our financing covers all educational levels, from pre-primary and secondary school to university, postgraduate courses, and professional credentials.

Features

Easy Procedures & Quick Approvals

Apply through simple procedures and receive quick approval without unnecessary delays.

Easy Monthly Instalments

Repay through manageable monthly instalments that make education expenses easier to plan.

Co-Borrowers are Allowed

Apply with a co-borrower for added financial support and greater flexibility.

Finance Availability

Finance Available For:

Pre-Primary & Primary
Secondary
University
Postgraduate
Professional Certificates

Financed Amount & Tenure

Financed Amount

Maximum SDG 4,500.000

Finance Tenure

12 months for Schools & Universities
36 months for Postgraduate Studies & Professional Certificates

Eligibility

Customer Classes

Salaried Employees
Self-Employed Businesses (SEB)
Self-Employed Professionals (SEP)

Employment Tenors

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

Common Requirements

Applicant’s Valid ID
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 Businesses/Self-Employed Professionals:

Business Registration Documents
Last 6 months' Original Stamped Bank Statement

* Finance is available for Sudanese nationals only
* Terms and conditions apply