Excellence Financing
An electronic product offered by the Social Development Bank to support promising and new enterprises in Saudi Arabia. The product provides financing of up to 4 million ♦ for innovative or technical projects, with an investment cost of up to 12 million ♦ , a grace period of up to two years, and a repayment period of up to eight years with monthly installments, without the need to visit the bank’s branches.
- Financing ceiling ranges from 500,000 ♦ to 4 million ♦, specifically allocated to fund invention and innovation projects, as well as emerging technology projects.
- Flexible financing duration of up to 8 years.
- An accessible grace period of up to 2 years (24 months).
- Repayment method is on a scheduled monthly basis.
- Administrative fees: 9% (with the option to deduct fees from the principal loan amount).
- Annual service fees: 2%.
Last Modified Date 23/07/2026 - 11:10 AM Saudi Time