A financing product that aims to enable individuals to continue their educational journey in partnership with accredited educational institutions. Applications for the product are entirely online, eliminating the need to visit bank branches.
Advantages of education financing:
- Financing up to 100,000 riyals.
- Repayment period up to 4 years.
- Payment is made monthly.
- No administrative fees.
- Exemption will be granted in the event of death, God forbid.
Education financing conditions:
- The applicant must be at least 18 years old.
- The applicant's monthly income must not exceed 14,500 riyals.
- The educational institution must have an agreement with the bank.
- The applicant must be accepted by the partner educational institution.
- The financing applicant must provide a guarantee against the financing. (If you are not a government employee or government retiree, a guarantor who is an employed government employee is required.)
- If you are an Aramco or SABIC employee, you need a sponsor.
Basic requirements:
- Personal bank account. You can request to create a bank account from here.
- National address, you can request to register a national address From here.
- The applicant must be accepted by the partner educational institution.
- Mobile number of the applicant or a first-degree relative.
Sponsor conditions:
- To be a government employee or a government company in which the state has a stake of more than 50% of the capital
- That his financial obligations are not high according to the policy of the Development Bank
- 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
- That there are no arrears on the sponsor
- His age should not exceed 55 years
- Sponsorship from Aramco or SABIC employees is not accepted.
- Retirement guarantee is not accepted.
- The sponsor's salary must not be less than 8,000 riyals.
Important Notes:
- The loan amount has been transferred to the approved educational institution.
- To receive payments, an academic record showing the student’s studies for the previous semester is required.
- If the next payment request is not submitted within (9) months, the loan will be automatically disbursed.
- 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.
Your trip to Na'in:
- Request the service and complete the payment
- We will contact you and send you all the requirements.
- We submit the request
For more inquiries, please contact us on WhatsApp0533227672
