Taxi and Transportation Product


Target Audience
All Citizens 

Beneficiaries
13345

Service Fees
Nominal Fee

Strategic Engagement
 
Providing funding services for small-size projects.

International Strategic Engagement:
Taxi and Transportation product intersects with the eighth objective of the United Nations sustainable development objectives.
It can be found here


Aims to support Saudi individuals by providing individual funding for them to work on taxis and school transport of all kinds, provided that they carry out this activity by themselves and for their own account, in accordance with the terms stipulated in the list of fees and complementary executive instructions and supplementary thereto.

The program aims to provide financing for the Saudis so that they can work on the various types of taxis and school transportation vehicles provided that they practice the business themselves and for their own benefit in accordance with the terms and conditions mentioned in the relevant regulation and its complementary instructions.

 

Financing Scope

The maximum financing limit for this track can reach up to two hundred thousand Saudi Riyals (SR 200.000). It is as follows:
  • The maximum limit for financing taxis is one hundred thousand Saudi Riyals (SR 100.000)
  • The maximum limit for financing private taxis is one hundred fifty thousand Saudi Riyals (SR 150.000)
  • The maximum limit for financing school transportation vehicles is two hundred thousand Saudi Riyals (SR 200.000).

Application Requirements


A financing seeker should fulfill the following general requirements in accordance with Article Five in the implementing regulations for financing startups and small enterprises:
  • The applicant should be a Saudi national.
  • The applicant for (public) taxi financing should not be younger than 25 and not older than 60 years old. Applicants for private taxi/cab financing should not be younger than 25 and not older than 55 years old.
  • Applicants for school transportation vehicles financing should not be younger than 30 and not older than 55 years old.
  • He, himself, must drive the vehicle.
  • The financing applicant cannot present (or combine) two financing applications of the bank financing productive programs.
  • The financing applicant should be in a financial and credit position that allows him / her to obtain the fund.
  • The applicant has to fill in all application forms of each program and complete the other requirements pertinent to his / her application so that the bank can complete the assessment procedures.
  • The applicant has to present a proof that he has passed a course on handling the smartphone application provided by the private cab operating company.

This content is currently available only in Arabic

 
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