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Smart Buy Product

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.