Smart Buy Product

Smart Buy

Smart Buy product helps you to purchase a various kind of products such as Home Appliances, Electronics and Building Material in easy way through convenient installments up to 36 months.

Product Features:

  • Easy procedures and quick approvals.
  • Easy monthly installments.
  • Co-borrowers allowed.
  • Wide network of best brand’s suppliers.

Segment Features:

  • Salaried Employees.
  • Self Employed Business (SEB).
  • Self Employed Professionals (SEP).

Items Financed:

  • Electronics.
  • Home appliances.
  • Building materials.

Financed Amount:

  • Minimum SDG 1,500.
  • Maximum SDG 1000,000.

Finance Tenure:

  • Minimum 6 months.
  • Maximum 36 months.

Minimum Income Requirement: 

  • Salaried SDG 1,000.
  • SEB/SEP SDG 1,500.

Maximum Debt burden:

  • 50% of net income.

Minimum Equity Requirement:

  • 40% down payment.

 

Age:

  • Minimum 21 years at application.
  • Maximum76 years at maturity.

Employment Period:

  • Salaried: confirmed employee (not be on probation).
  • SEB/SEP: Business running for 1 year’s minimum.

Required Documents

Common Requirements:

  • Applicant’s Valid ID.
  • Applicant’s National Number Certificate.
  • 2 references with valid ID’s and complete address (Blood relatives with different address are allowed).
  • 2 recent colored photos (Passport photo size).
  • 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

* Terms and conditions apply