Al Baraka Bank of Sudan offers a spare product to finance vehicle rentals for individuals in the form of Murabaha for purchase orders.
Benefits And Features
Automotive Parts Support
Financing options are available to assist customers in purchasing car spare parts efficiently.
Elevated Financing Ceilings
The bank offers high financing ceilings to accommodate significant financial requirements.
Supplier Contracts
The bank establishes agreements with a large number of suppliers to guarantee quality and service excellence.
Who this product is for
Targeted Audiences
Owners of private and public vehicles
Owners of auto parts stores
Eligibility Requirements
How To Get The Product
- Open an account at the nearest branches of Al Baraka Sudanese Bank.
- Bring an approved salary certificate.
- Fill the finance application.
- The deduction should not exceed 50% of the net salary (after taxes, deductions and existing financing from the banking system).
- Paying 10% of the financing value in advance to those with salaries transferred to the bank.
- Paying 20% of the financing amount in advance to non-salary holders transferred to the bank.
- Financing is carried out according to the controls of the financing policy for individuals.