SERVICE
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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.
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Individuals,
Citizen
Target audience
10.0 Days(s)
Service duration
Arabic and English
Service provided in
3000.0
Service cost
Frequently Asked Questions
Customer support
Phone
Service launch date: Dec 31, 2017, 8:00:00 PM GMT
- 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.
- National ID
- The national address
- The bank account number (IBAN) of the applicant
- The phone number registered on the Absher platform
- Self Employment Certificate (to finance specialized services)
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