An electronic service for applying to the "Ufuq Loan" product, a digital financing solution specifically designed for established businesses in Saudi Arabia. This product targets companies with a proven track record of at least three years and annual sales ranging from 3 million to 40 million ♦ .
"Ufuq Loan" aims to support the growth of these businesses and empower them to achieve greater economic success-all without the need to visit the bank’s branches.
- About The Product
- Conditions
- Requirements
- Financing starts from 300,000 ♦ and reaches 10 million ♦ .
- Financing period up to 60 months
- Grace period of up to 12 months
- Payment method: monthly, quarterly, semi-annually, annually, at the end of the period.
- Administrative fees are 5%, with the possibility of deducting fees from the original financing
- Annual service fee is 5%
Target Category
Establishments with revenues exceeding 3 million ♦ to 40 million ♦Beneficiaries
NewFees
5% administrative fee
5% annual service feePayment Channels
Payment billSLA
52 Working DaysService Start Date
2019
Language
ArabicFAQs
Click Here920008007
920008007care@sdb.gov.sa
care@sdb.gov.saProduct features
Financing ceiling
Starting from 300,000 ♦ up to 10 million ♦
Financing period
Up to 60 months
Payment method
Monthly, quarterly, semi-annually, annually, end of period
Administrative fees
Administrative fees 5% (fees can be deducted from the original financing) Annual service fee 5%
The grace period
12 Months
Customer journey
Apply
Eligibility check
Processing
Exchange
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