Emerging Projects
Program

For small and start-ups projects that do not exceed the investment cost of 300 thousand SAR.

Last Updated:2022/12/08 Gregorian

Target Audience

 Citizens

Beneficiaries

 16284

Administrative Fees

administrative fee 7 % 
   annual Fee 1 % 

Responding Time

24/7

User Guide

                  

About Financing


Because we believe that SME's are the main engine in the economy of societies, we have been keen to develop a group of financing products that vary in the diversity of all aspirations.

Financing Limit

SAR 300k

Financing Term

Up to 8 years

Re-Payment Method

Monthly

Administrative Fees

administrative fee 7 % 
   annual Fee 1 %
 

Grace Period

Up to one year

Submission requirements


  • Copy of the ID

  • Copy of Academic Qualifications

  • Copy of professional activities’ experience

  • Project’s Action Plan

About "Wazeen"


  • Applicant age shall be from 21 to 62

  • Integrity of credit register, provided that defaults shall not exceed an amount of SAR 15k

  • Personal guarantee (governmental or quasi-governmental employee) no less than 100% of the financing amount

  • Commercial sabbatical, where more than a trade license/partnership may be held in enterprises other than that the enterprise required to be financed

  • Pass the personal interview

مميزات
البرنامج

  • أن يكون لدى العميل تمويل عمل حر قائم.

  • التسجيل في برنامج الحوافز.

  • مضي سنة على صرف التمويل للعميل وأن يكون منتظماً في سداد الأقساط المستحقة.

  • أن يكون حساب العميل في برنامج الحوافز فعال ونشط.

  • استيفاء معايير التحقق لإثبات ممارسته للنشاط الممول عن طريق أحدالمنصات او التطبيقات المعتمدة لدى البنك.

  • ​ألا يتجاوز مقدار الحافز قيمة الرسوم الإدارية المخصومة من أصل التمويل قبل صرفه للعميل.

  • يتم احتساب الحافز بشكل آلي بالنظام البنكي وفق المعايير المحددة للبرنامج.

  • Applicant age shall be from 21 to 62

  • Integrity of credit register, provided that defaults shall not exceed an amount of SAR 15k

  • Personal guarantee (governmental or quasi-governmental employee) no less than 100% of the financing amount

  • Commercial sabbatical, where more than a trade license/partnership may be held in enterprises other than that the enterprise required to be financed

  • Pass the personal interview

  • أن يكون لدى العميل تمويل عمل حر قائم.

  • التسجيل في برنامج الحوافز.

  • مضي سنة على صرف التمويل للعميل وأن يكون منتظماً في سداد الأقساط المستحقة.

  • أن يكون حساب العميل في برنامج الحوافز فعال ونشط.

  • استيفاء معايير التحقق لإثبات ممارسته للنشاط الممول عن طريق أحدالمنصات او التطبيقات المعتمدة لدى البنك.

  • ​ألا يتجاوز مقدار الحافز قيمة الرسوم الإدارية المخصومة من أصل التمويل قبل صرفه للعميل.

  • يتم احتساب الحافز بشكل آلي بالنظام البنكي وفق المعايير المحددة للبرنامج.

Customer Jaurney


Submit application

Check eligibility

Process

Disbursement

 
...
internal Strategic Engagement

Providing funding services for small-size projects

...
International Strategic Engagement:

Emerging projects product intersects with the eighth objective of the United Nations sustainable development objectives.
It can be found here

...
Do you have any questions?

If you have any questions about Emerging Projects Program, please view our Frequently Asked Questions or contact us.

...
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Result

5 (From 1 Ratings)
 
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