An electronic product offered by the Social Development Bank, aimed at financing small and micro enterprises whose sales rely on electronic application devices (Jahez).
The product is designed to support these businesses in their operational cycle and capital expansions.
Financing amounts range from ♦ 180,000 to ♦ 10 million, with a maximum of 50% of the total sales through Jahez electronic applications, all without the need to visit the bank’s branches.
- About The Product
- Conditions
- Requirements
The specifications of the Jahez e-applications product for financing small and micro enterprises are summarized in the following points:
- Financing ceiling of up to 10 million ♦ (with a maximum of 50% of total Jahez e-applications sales).
- Repayment period of up to 5 years.
- Payments are made monthly.
- Administrative fee of 7%.
- Annual service fee of 7%.
Target Category
Establishments with revenues not exceeding 40 million ♦Beneficiaries
1,109 beneficiariesFees
7% administrative fee
7% annual service feePayment Channels
Payment billAvailability
24/7SLA
55 Working DaysService Start Date
2020
Language
ArabicFAQs
Click Here920008007
920008007care@sdb.gov.sa
care@sdb.gov.saProduct Features
Financing ceiling
10 million ♦ Maximum 50% of total e-app sales - Ready
Financing period
5 years
Payment method
Monthly
Administrative fees
7% administrative fee 7% annual service fee
Customer Journey
Submit an application
Eligibility check
Treatment
Exchange
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