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Last Updated:2023/09/27 Gregorian

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Reaches up to 20%

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

  • 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 maximum allowable limit is 15 thousand riyals

(mortgage - personal guarantee - third party guarantee - corporate and institutional guarantee - financial guarantee)

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.

Payment method on a monthly basis

There is no fee and the certificate is issued free of charge

  • The ceiling of the monthly income should not exceed ten thousand riyals.
  • The mail delivery form has the name and signature of the customer and the name, signature and stamp of the Saudi Post employee.
  • A copy of the customer's ID.
  • A copy of the sponsor's ID.
  • Original Form 105 printed from the bank’s website, completely filled in with blue pen, signed by the sponsor and employer officials, and stamped with the official seal of the employee’s employer approved for deduction, provided that the approval date does not exceed 60 days.
  • A definition of the client's pension from the General Organization for Social Insurance website.
  • Original salary declaration of the sponsor, signed and stamped by the sponsor’s employer, not exceeding 60 days from the date of signature.
  • The original IBAN account number registered in the system on the bank's official letterhead and certified by the bank's seal.
  • A valid data statement for the client from the Ministry of Interior website.
  • A valid declaration of data for the sponsor from the Ministry of Interior website

It is a group of activities in the fields of information technology that enhance the business environment system and serve the objectives of Saudi Vision (2030): artificial intelligence / Internet of things / smart applications / financial technologies / blockchain / robots / 3D printing / virtual reality / e-commerce / cyber security / Cloud Computing.
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