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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%.

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Last Modified Date 23/07/2026 - 11:10 AM Saudi Time

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