An electronic product offered by the Social Development Bank. It is a long-term financing product designed to support the assets and operational costs of entrepreneurial and startup projects. The financing amount starts from 50,000 ♦ and goes up to 500,000 ♦ , without the need to visit the bank’s branches.
- About The Product
- Conditions
- Requirements
The specifications and features of the entrepreneur financing product are summarized in the following points:
- A financing ceiling of up to 500,000 ♦ .
- The repayment period is up to 9 years (including the grace period).
- The financing is disbursed in two installments: (first installment: 75%), (second installment: 25%).
- Payment is made monthly.
- Administrative fee: 7%.
- Annual service fee: 1%.
Target Category
CitizensBeneficiaries
New ServiceFees
7% administrative fee
1% annual service feePayment Channels
Payment billAvailability
24/7SLA
35 Working DaysService Start Date
2016
Language
ArabicFAQs
Click Here920008007
920008007care@sdb.gov.sa
care@sdb.gov.saProduct features
Financing ceiling
Up to 500,000 ♦
Financing period
9 years
Payment method
On a monthly basis
Administrative fees
Administrative fee 7%
Annual service fee 1%
Annual service fee 1%
The grace period
Up to 12 months
Customer journey
Apply
Eligibility check
Processing
Exchange
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