An electronic product offered by the Social Development Bank in partnership with the National Technology Development Program. It aims to finance the technology sector with funding of up to 8.5 million ♦ —all without visiting the bank branches.
- Conditions
- About The Product
- Requirements
- The business must be headquartered in the Kingdom of Saudi Arabia.
- The establishment must be older than 6 months from the date of the Commercial Registration.
- No financial defaults with commercial banks, financing companies, or any other financing entity.
- No delays in any existing loan with the Social Development Bank.
- Passing the financial and technical criteria.
- A valid Takamol (Tech Platform) certificate, or the company must have one of its commercial activities registered under the ISIC4 technology list.
Target Category
Companies and institutions operating in the technology sectorBeneficiaries
New ServiceFees
symbolic feePayment Channels
The fee is deducted from the loan amount.Availability
24/7SLA
53 Working DaysService Start Date
2023
Language
ArabicFAQs
Click Here920008007
920008007care@sdb.gov.sa
care@sdb.gov.saProduct Features
Financing ceiling
Up to 8.5 million riyals
Financing period
Up to 5 years
Payment method
Flexibility in payment mechanism
Administrative fees
Competitive fees
The grace period
6 months
Customer Journey
Apply
Eligibility check
Processing
Exchange
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