WEDDING FINANCE

Segment Features:

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

 

Product Features:

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

 

Financed Amount:

  • Minimum SDG 20,000
  • Maximum SDG 150,000

 

Finance Tenure:

  • Minimum 12 months
  • Maximum 36 months

 

Minimum Income Requirement: 

  • Salaried SDG 1,500
  • SEB/SEP SDG 2,500

 

Maximum Debt burden:

  • 40% of net income

 

Minimum Equity Requirement:

  • 10%

Age:

  • Minimum 25 years at application
  • Maximum 62 years at maturity

 

Employment Period:

  • Salaried: Minimum 1 year experience with the current employer
  • SEB/SEP: Business running for 2 years minimum

 

Required Documents

Common Requirements:

  • Valid ID
  • 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)
  • Hand drawing map for current residence and office
  • Valid invoice from BOK authorized vendors

 

Salaried:

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

 

Self Employed Business / Self Employed Professionals:

  • Company registration documents
  • Last 12 months stamped bank statement

*Finance available for Sudanese nationals only