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.
- About The Product
- Conditions
- Requirements
- The financing ceiling starts from 500,000 to 4 million ♦
- Financing period up to 8 years
- Grace period of up to two years
- Monthly payment method
- Administrative fees are 7%, with the possibility of deducting fees from the original financing
- 1% annual service fee
Target Category
CitizensBeneficiaries
1.1 thousand beneficiariesFees
7% administrative fee
1% annual service feePayment Channels
Payment billAvailability
24/7
SLA
51 working daysService Start Date
2016
Language
ArabicFAQs
Click Here920008007
920008007care@sdb.gov.sa
care@sdb.gov.saProduct features
Financing ceiling
Up to 4 million ♦
Financing period
Up to 8 years
Payment method
On a monthly basis
Administrative fees
Administrative fee 7%
Annual service fee 1%
Annual service fee 1%
The grace period
24 months
Customer journey
Apply
Eligibility check
Processing
Exchange
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