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Nafadh - Cash Financing

Social Development Bank

It is a financing product aimed at citizens who are able to work and did not find a job opportunity or who want to increase their monthly income and have a professional craft or skill, where you can get this product and benefit from convenient financing that helps in doing business for them personally.

Person
Citizen
Target audience
Clock
10.0 Days(s)
Service duration
Channel
Portal
Service channels
Price
3000.0
Service cost
  • Submit on the portal through the National Single Sign-On.
  • From the main menu, choose (Add a new application), then (Application to obtain a new financing).
  • From the programs list, click on the (Submit) option in the (Freelance products) option.
  • From the list of tracks, click on the (Submit) icon in the specialized services option.
  • Read and agree to the undertakings and declarations, select the branch, and press (Agree).
  • Fill in the fields and then click (Send). After sending, you have an application number, and you can follow its status in the procedures results.
  • The applicant must be a Saudi national.
  • The age should not be less than 18 years and not more than 60 years.
  • The applicant should not be indebted to the Social Development Bank for any other financing.
  • The monthly income of the applicant should not exceed 14 thousand riyals.
  • The applicant must submit a guarantee in return for the financing.
  • Pass the credit check.
  • The repayment period shall not exceed 40 months.
  • The client should specify the self-employment activity he wishes to engage in, with a document or license proving that attached.
  • An administrative fee that does not exceed 4000 riyals is calculated, and it is deducted from the value of the financing before it is transferred to the beneficiary.

Last Modified Date: 09/11/2021 - 8:50 AM Saudi Arabia Time

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