A product that aims to finance the assets and operating costs of new commercial entities. It is concerned with financing individuals who aspire to establish their own commercial data through financing of up to 500 thousand riyals and sponsorship during the first three years of granting the financing.
Financing features:
- Financing ceiling up to 500 thousand riyals
- Financing period up to 9 years (including grace period)
- Grace period up to 12 months
- Payment method is monthly
- Administrative fees 7% with the possibility of deducting fees from the financing principal
- Annual service fee 1%
- The funding is disbursed in two installments: (first installment 30%), (second installment 70%).
Financing terms:
- The applicant must be a Saudi national.
- The applicant must be between 21 and 65 years old.
- The applicant's academic qualification must not be less than a secondary school certificate.
- The applicant must be 100% owner of the project.
- The commercial register must not be older than 12 months from the date of application.
- The project scope must be within the list of activities supported by the bank.
- The applicant must be fully employed before signing the financing contract.
- Passing the training course from one of the partner organizations.
- Pass the personal interview.
- A sponsor of a government employee on the job or a maximum of 2 sponsors.
Your trip to Na'in:
- Request the service and complete the payment
- We will contact you and send you all the requirements.
- We raise the request
For more inquiries, please contact us on WhatsApp 0533227672
comments :
- The terms have been transferred from their source, and the terms may be updated from their source at any time, please check the source before completing the request.
