Apply for a self-employment cash loan

A financing product aimed at citizens who are able to work and wish to increase their monthly income. This product allows them to benefit from easy financing that enables them to engage in self-employment.

Financing features:

• Financing ceiling of up to 120 thousand, for all financing paths

• The maximum financing value is 32 thousand riyals for those aged 20 years and younger.

• Financing period of up to 40 months

• Administrative fees of 9,000 riyals

• Payment method is monthly

Application requirements:

• The financing applicant must be a Saudi national.

• The financing applicant must not have existing/non-performing financing at the Social Development Bank.

• The age must not be less than 18 Hijri years and not more than 65 Hijri years, whether the borrower or the guarantor.

• The monthly income of the financing applicant must not exceed 20 thousand riyals.

• The financing applicant must provide a guarantee for the financing. (If you are not a government employee or government retiree, a guarantor who is an employed government employee is required.)

• Pass the credit check.

• Not to be a voluntary participant in social insurance.

• If you are an Aramco or SABIC employee, you need a sponsor.

• You must have a freelance work document in one of the tracks shown below .

• You must have a commercial bank account linked to the self-employment document.

Application requirements:

• Active National Access account

• Your mobile number is in your name or in the name of a first-degree relative.

• A freelance work document on one of the tracks shown below.

• National address, you can request the service from here.

• A commercial bank account linked to the self-employment document. You can request the service from here.

Target group:

• Government, semi-government and private sector employees with a salary of 20 thousand or less.

• The unemployed.

• Those not served by traditional financing channels.

Freelance career financing paths:

• Specialized services professions, you can request their issuance from here.

• Delivery of orders, you can request their issuance from here.

• Financing accounting professions

• Rural development professions

• Real estate professions

• Handicrafts

Warranty conditions:

• To be a government employee or a government company in which the state has a stake of more than 50% of the capital.

• His financial obligations should not be high according to the development bank’s policy.

• Not to be a guarantor for two other loans without borrowing, a guarantor for a loan and a beneficiary of one of the Development Bank’s loans.

• There are no arrears on the sponsor.

• His age should not exceed 55 years.

• Sponsorship from Aramco or SABIC employees is not accepted.

comments :

• The terms were taken from their source, and the terms may be updated from their source at any time. Please check the source before completing the application.
• The service includes submitting a financing application only, and does not include issuing the document or opening a bank account.
• You can request a freelance work document in the specialized services track from here.
• You can request a freelance work document for the delivery track from here.
• You can request to open a business bank account linked to the document here.

Your trip to Na'in:

1. Request the service and complete the payment
2. We will contact you and send you all the requirements.
3. We submit the request

For more inquiries, please contact us on WhatsApp 0533227672