Zood Saving Product

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ts supported savings program targets social loans clients whereas it helps them on saving financial amount monthly to cover their future needs in the short term through simple saving plan.

Product requirements

The Applicant shall belong to the Bank’s target groups illustrated in the application procedures, and the financing shall be requested by the client.The Applicant shall belong to the Bank’s target groups illustrated in the application procedures, and the financing shall be requested by the client. After the application is processed, the applicant shall be directed to open a Saving Zood Account at an affiliate bank.After the application is processed, the applicant shall be directed to open a Saving Zood Account at an affiliate bank. Approve Saving IBAN at the client account on the Bank website.-The Applicant shall belong to the Bank’s target groups illustrated in the application procedures, and the financing shall be requested by the client.Approve Saving IBAN at the client account on the Bank website.-The Applicant shall belong to the Bank’s target groups illustrated in the application procedures, and the financing shall be requested by the client. After the application is processed, the applicant shall be directed to open a Saving Zood Account at an affiliate bank.After the application is processed, the applicant shall be directed to open a Saving Zood Account at an affiliate bank. -Approve Saving
IBAN at the client account on the Bank website.

Submission requirements

The customer must review the conditions and obligations of the social financing system before starting the registration to ensure that he complies with the lending conditions in the bank.

The customer must register his account in the electronic application service for social finance, and he will be able to apply for one of the following types of loans (marriage - family - restoration).

Choose to subscribe to the savings product when submitting the application on the Social Development Bank website.

After the initial approval, the savings account was opened through one of the partner banks within a period not exceeding 15 days.

The customer must ensure that the IBAN number matches the savings account before it is approved on the Social Development Bank website.

The customer must verify the status of the savings account and that it is active when transferring the amount of 6,000 riyals.

Targeted

Citizen

Number Of Ben

168,929

Fees

Free

Strategy

Zood savings product intersects with the third strategic plan of the Social Development Bank. Encouraging the growth of savings and financial planning.Zood savings product intersects with the third strategic plan of the Social Development Bank. Encouraging the growth of savings and financial planning.

International Strategy

Zood savings product intersects with the twelfth goal of the United Nations Sustainable Development Goals.
It can be found here

Language

Arabic

Channel Service

User Guid

Can be viewed in Arabic Version

FAQ

The customer must register his account in the electronic application service for social finance, and he will be able to apply for one of the following types of loans (marriage - family - restoration).

Time to Response

24/7

Lunch Date

2019

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Result: 3.4 (From 15 Ratings)