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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
Service channels
Service cost

Frequently Asked Questions

Customer support

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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