EDUCATION FINANCE

For a brighter future...

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


Finance Available For:

  • Primary
  • Secondary
  • University
  • Post Graduate
  • Professional Certificates


Financed Amount:

  • Minimum SDG 5,000
  • Maximum SDG 70,000

 

Finance Tenure:

  • 12 months  for Schools & Universities
  • 36 months for Post graduate studies  & Professional certificates

 

Minimum Income Requirement: 

  • SDG 1,000

 

Maximum Debt burden:

  • 40% of net income

 

Equity Requirements:

  • Optional

Age:

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

 

Employment Period:

  • Salaried: Confirmed employee (not on probation)
  • SEB/SEP: Business running for 1 year minimum

 

Education Finance Applicants:

  • Student
  • Parents
  • Brothers
  • Sisters
  • Direct Uncle
  • Direct Aunt

 

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)
  • Hand drawing map for current residence and office
  • Student national number certificate
  • 2 student’s colored Photos (passport photo size)
  • Valid invoice from BOK authorized institution

 

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

The numbers it’s not accurate and to visit the HQ for further information’s.