The social funding products are desgined to target an important community segment in the Saudi Arabia, the underprivileged citizens, offering them an opportunity to obtain simple and easy loans which enable them to meet neccessary obligations

Last Updated:2023/07/22 Gregorian

Target Audience

Citizens only

Beneficiaries

1087881

Administrative Fees

Zero

Responding Time

 24/7

وﻗﺖ اﻟﺎﺳﺘﺠﺎﺑﺔ:

وﻗﺖ اﻟﺎﺳﺘﺠﺎﺑﺔ:

About Financing

A product that targets low-income families to help them bear the costs and burdens of life.

ﺣﺎﺳﺒﺔ اﻟﺘﻤﻮﻳﻞ ﻟﻐﺔ اﻟﺎﺷﺎرة

Financing Limit

Up to 120k Saudi Riyals

Financing Term

5 years

Re-Payment Method

Monthly

Administrative Fees

Zero

In case of Death or Total Disability

Exemption as per the conditions of insurance policy

Submission requirements

 

  •  Men - Government Employee

    • Copy of the Client ID.
    • Copy of the Family Register.
    • IBAN in the Bank’s official papers, endorsed by the Commercial Bank.
    • Account statement for the last 3 salaries, endorsed by the Commercial Bank.
    •

    Men – Private Sector Employee

    • Copy of the Client ID.
    • Copy of the Family Register.
    • Copy of the Guarantor ID.
    • Client’s detailed salary certificate letter signed and sealed by the Client’s employer, and endorsed by the Chamber of Commerce, where the signature date does not exceed 60 days.
    • Guarantor’s detailed salary certificate letter signed and sealed by the Guarantor's employer, where the signature date does not exceed 60 days.
    • Certificate of subscriber terms and wages from the GOSI website for the client, where the issuance date does not exceed 60 days.
    • IBAN endorsed by the Commercial Bank.
    •

    Men – Governmental Retiree

    • Copy of the Client ID.
    • Copy of the Family Register.
    • IBAN endorsed by the Commercial Bank.

     

    Men - Insurance Retiree

    • Copy of the Client ID.
    • Copy of the Family Register.
    • Copy of the Guarantor ID.
    • Client’s pension statement from the GOSI website.
    • Guarantor’s salary certificate letter, signed and sealed by the Guarantor's employer, where the signature date does not exceed 60 days.
    •IBAN endorsed by the Commercial Bank.

     

    Men – Unemployed or Student

    • Copy of the Client ID.
    • Copy of the Family Register.
    • Copy of the Guarantor ID.
    • Guarantor’s salary certificate letter, signed and sealed by the Guarantor's employer, where the signature date does not exceed 60 days.
    • IBAN endorsed by the Commercial Bank.

     

About "Wazeen"

  • Application is allowed for everyone below 70 years old

  • The monthly income does not exceed SAR 14,500.

  • Integrity of Credit Register.
     

Customer Journey

Customer Jaurney

Submit application

Check eligibility

Process

Disbursement

 
تقديم طلب
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ﻳﺮﺗﺒﻂ ﻣﻨﺘﺞ ﻧﻔﺎذ ﻣﻊ أﺣﺪ أﻫﺪاف اﻟﺒﻨﻚ اﻟﺎﺳﺘﺮاﺗﻴﺠﻴﺔ: ﺗﺴﻬﻴﻞ اﻟﻮﺻﻮل إﻟﻰ اﻟﻤﻨﺘﺠﺎت اﻟﺘﻤﻮﻳﻠﻴﺔ ﻟﻤﻤﺎرﺳﺔ اﻟﻌﻤﻞ اﻟﺤﺮ واﻟﺄﺳﺮ اﻟﻤﻨﺘﺠﺔ.

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ﻧﻨﺘﺞ ﻣﻊ اﻟﻬﺪف اﻟﺘﺎﺳﻊ ﻣﻦ أﻫﺪاف اﻟﺘﻨﻤﻴﺔ اﻟﻤﺴﺘﺪاﻣﺔ اﻟﺘﺎﺑﻌﺔ ﻟﻠﺄﻣﻢ اﻟﻤﺘﺤﺪة.
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The Social Development Bank offers a package of social financing products directed to an important segment of citizens who are low-income, as the bank provides an opportunity to obtain soft financing that enables them to meet some obligations arising from their basic needs, whether for the individual or the family.

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Result

3.8 (From 9 Ratings)
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