Frequently asked questions

Short-term financing aims to reach new segments of society by supporting workers in Saudi seasons who have a license with supervisory authorities, in order to contribute to increasing the productivity of seasonal freelance businesses.

• The applicant for financing must be of Saudi nationality
• The applicant for financing must not owe any loan to the Social Development Bank
• The age of the applicant must not be less than 18 Hijri years and not more than 65 years
• The monthly income of the financing applicant must not exceed 20 thousand riyals
• The financing applicant must provide a guarantee in exchange for the financing
• Pass credit check
• The repayment period must not exceed 12 months
• The client must specify the self-employment activity he wishes to practice, with a seasonal self-employment document
• The financing value should not exceed 30 thousand riyals, according to financial solvency

The fee is 2000 ♦

1. Public benefit markets in Riyadh (Small and Medium Enterprises Authority, Riyadh Development Company) Financing nominated and licensed Saudis working in vegetable markets affiliated with Riyadh Development Company.

2. International marking of olives and their derivatives in the Al-Jawf region (financing Saudis working in the olive season who are licensed and nominated by the Al-Jawf Municipality).

3. The National Vegetation Center (funded by Saudis licensed and nominated by the Center)

4. Season of coffee and its derivatives in the Jazan region (financing licensed Saudis and candidates from the Coffee Cooperative Association in the Jazan region).

5. Honey season and its derivatives in the Jazan region (financing licensed Saudis and candidates from the Honey Cooperative Association in the Jazan region).

6. Al-Ahsa region seasons (financing Saudis working in the olive season who are licensed and nominated by Al-Ahsa Municipality).

7. Dates carnival season in the Buraidah region (financing Saudis working in the date season who are licensed and nominated from the Buraidah season).

8. Splift application (financing Saudi workers and candidates from the application).

• The name of the body supervising and organizing the season

• Contact information with the entity

• An introductory overview of the season

He cannot apply outside the seasons approved by the bank, but he can communicate with the organizers of the approved seasons through them.

Yes, the financing contract can be canceled without incurring any current fees.