Smart Buy Product

Segments Financed:

  • Salaried Employees
  • Self Employed Business (SEB)
  • Self Employed Professionals (SEP)
  • Corporate’s

 

Product Features:

  • Profit calculated on financed amount only
  • Easy monthly installments
  • Co-borrowers allowed
  • No guarantor required

 

Items Financed:

  • Electronics
  • Home appliances
  • Building materials
  • Medical equipment’s

 

Financed Amount:

  • Minimum SDG 1,500
  • Maximum SDG 100,000
  • Building material Max SDG 20,000
  • Corporate’s Max SDG 1,000,000
  • Medical Equipment Max SDG 1,000,000

 

Financed Tenure:

  • Minimum 6 months
  • Maximum 36 months

 

Minimum Income Requirement:

  • SDG 1,000

 

Maximum Debt Burden:

  • 50% of net income

 

Minimum Equity Requirement:

  • 15%

 

Age:

  • Minimum 21 years at application
  • Maximum 65 years at maturity

 

Employment Period:

  • Salaried – Confirmed employee (not on probation)
  • SEB/SEP – Business running for 6 months minimum

 

Required Documents

Common Requirements:

  • Valid ID
  • National number certificate
  • 2 references with valid IDs and complete address (Blood relatives with different address are allowed)
  • 2 recent colored photo (Passport photo size)
  • Hand drawing map for current residence and current office
  • Valid invoice from authorized dealer

 

Salaried

  • Salary certificate with date of joining, occupation and salary breakdown

 

Self Employed Business / Self  Employed Professionals

  • Company registration documents
  • Last 6 months stamped bank statement

*Finance available for Sudanese nationals only