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Entrepreneurs

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Our Products / Corporate Products / New facility / Entrepreneurs
Last Updated:2023/01/09 Gregorian
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                                          A product aimed at financing the assets and operating costs of new business entities

Product Features
  1. The financing ceiling starts from 50,000 to 500,000 riyals
    Financing period up to 8 years
    Grace period up to 18 months
    Payment method on a monthly basis
Product Conditions
  1. The age of the applicant is from 21 to 65 years
    Integrity of the credit record, and that defaults do not exceed 15,000 riyals
    The percentage of the guarantee should not be less than 100% of the financing amount, provided that the type of guarantee is a personal guarantee only, a deduction from the salary.
    The job must be devoted to the applicant before signing the financing contract
    The project should be new and the CR should not be more than 6 months old
A copy of the national ID A copy of the academic qualification (not less than a secondary school certificate).  A copy of the commercial register (not less than 6 months as of the issuance date)
Copy of professional activities’ experience.
Copy of professional activities’ experience.

Targeted
Citizen

Number Of Ben
New Product

Fees
dministrative fees are 7%
1% annual service fee

Strategy
roviding funding services for small-size projects.

International Strategy
Entrepreneurs product intersects with the eighth objective of the United Nations sustainable development objectives.
It can be found here

Language
Arabic

Channel Service
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User Guid
Can be Viewed in Arabic Version

FAQ
A copy of the national ID A copy of the academic qualification (not less than a secondary school certificate).  A copy of the commercial register (not less than 6 months as of the issuance date)
Copy of professional activities’ experience.
Copy of professional activities’ experience.

Time to Response
24/7

Lunch Date
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