Excellence Loan
New facilities
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.
- The applicant's age ranges from 25 to 55 years.
- A minimum of high school or its equivalent (except for health activities and industries, a bachelor's degree is required).
- The applicant must have a minimum of three years of experience in the same field.
- Commercial full-time It allows owning a partnership in an establishment other than the establishment to be financed.
- Types of acceptable guarantees (real estate mortgage other than personal housing - finance and performance guarantor - guarantee third party - Company guarantee - Financial guarantee).
- The ability to provide a guarantee with a coverage rate of no less than 100% of the financing amount.
- Passing the personal interview.
- Fill out the guarantee declaration form and provide supporting documents.
- The self-contribution percentage is no less than 20%.
Last Modified Date 04/05/2026 - 5:35 PM Saudi Time
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