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Last Updated:2023/09/27 Gregorian

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Repayment begins 30 days after receiving the financing amount

  • The amount of the incentive should not exceed the value of the administrative fees deducted from the original financing before disbursing it to the customer
  • The incentive is calculated automatically in the banking system based on the performance recorded in the approved self-employment platforms.

The beneficiaries of Kanaf loan are split into 2, according to which track they blong to, which are:
1- The track of widows and divorced women without support.
2- The track of persons with disabilities, provided that the person themselves are one of the persons with disabilities and their disability is physical (motor) or sensory (audio-visual), and registered with the Authority for Persons with Disabilities.
 

Repayment begins 30 days after receiving the financing amount

It starts from 5,000 riyals up to 50,000 riyals

A product concerned with financing individuals who aspire to establish their own commercial entities through financing up to 500 thousand riyals and sponsorship during the first three years of granting financing.

Administrative fee 7%
Annual service fee 1%

Industry, education, quality of life (entertainment, tourism), emerging technology or any sectors that the Bank considers feasible to finance.

A product aimed at financing companies and micro-institutions to finance capital expansions or the operational cycle

All sectors and activities except for the following:
  • Insurance and brokerage.
  • Selling watches, jewelry, gold and precious products.
  • Sale and breeding of livestock.
  • Agricultural products.
  • Illegal activities.
  • Speculative activities.
  • Any activities supported by other government funds.
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