EDUCATION FINANCE

Together for brighter future

Education Finance Program gives you the opportunity to educate yourself /relatives in the highest educational institutions in the country to meet your vision for a unique academic and practical future.

 Product Features:

  • Easy procedures and quick approvals.
  • Easy monthly installments.
  • Co-borrowers are allowed.
  • Wide networks of schools, universities and educational institutes.

 Segment Features:

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

Finance Available For:

  • Pre-primary & primary.
  • Secondary.
  • University.
  • Post Graduate.
  • Professional Certificates.

Financed Amount:

  • Maximum SDG 4.500.000

Finance Tenure:

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

Minimum Income Requirement: 

  • SDG 1,000 net income for salaried segment.
  • SDG 1,000 net income for SEB, SEP and Non-Resident Sudanese.

 

Equity Requirements:

  • Optional.

Age:

  • Minimum 25 years at application.
  • Maximum 65 years at maturity.

Employment Period:

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

Education Finance Applicants:

  • Sisters.
  • Parents.
  • Students.
  • Brothers.
  • Direct Uncle.
  • Direct Aunt.
  • Any other person (relation to be mentioned).

 

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).
  • 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

* Terms and conditions apply

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

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