Submitting a request for financing productive families from the Social Development Bank

One of the financing products for productive families provided by the Social Development Bank, it aims to support their private projects in addition to supporting craftsmen and professionals, through direct financing provided by the Social Development Bank with easy and quick procedures.

Financing features:

• Financing ceiling up to 60 thousand.
• Financing period of up to 40 months
• The first installment is due after 30 days from the date of disbursement of the financing.
• Payment method: 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 60 Hijri years, whether the borrower or the guarantor.

• The monthly income of the financing applicant must not exceed 10 thousand riyals.

• If you are not a government employee or a government retiree, you must provide a sponsor who is a working government employee.

• Pass the credit check.

• Not to be a voluntary subscriber to social insurance.

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

• You do not have a commercial register.

• You must have a self-employment document for productive families that was issued 12 months ago . You can request its issuance from here .

Application requirements:

• Active National Access account

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

• Self-employment document for productive families. You can request its issuance from here .

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

• Personal bank account.

Target group:

• Government, semi-government and private sector employees with a salary of less than 10 thousand.

• The unemployed.

• Those not served by traditional financing channels.

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.
• If you request the issuance of the document with financing, the document will be issued and the application submitted 12 months after the issuance date.

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