It is a financing product designed for beginners who wish to enter the freelance sector. The financing amount is disbursed via a bank card issued by partner banks, enabling the beneficiary to use it to start their freelance activity
Currently, the card is issued exclusively through partner banks.
A bank account with partner banks is required before applying for the financing, and a freelance bank account must also be opened with partner banks prior to submitting the application.
The bank account must be a freelance account; other account types are not accepted.
By contacting partner banks channels.
By contacting partner banks channels.
By contacting partner banks channels.
Yes, the withdrawal has been made in accordance with the partner banks policy.
Yes, the client may cancel the request in the following cases:
Before uploading the documents and before the request is approved and processed, through the “Financing Data” option.
After the request has been approved and processed, by rejecting the financing contract
Before uploading the documents and before the request is approved and processed, through the “Financing Data” option.
After the request has been approved and processed, by rejecting the financing contract
• 25% discount for retirees on all Freelance Financing.
• 50% discount for guarantors, people with disabilities, and orphans from ministry employees
• 50% discount for guarantors, people with disabilities, and orphans from ministry employees
4,000 ♦.
The bank will follow the approved collection escalation procedures before registering the customer as a defaulter in “SIMAH,” up to the final stages of escalation and legal claims.
• Gross Salary: Basic salary plus all allowances as stated in the salary certificate.
• Actual Salary: The amount the employee receives monthly.
• Actual Salary: The amount the employee receives monthly.
Once the request is submitted, data cannot be modified. But you can cancel the application .
- Having a commercial registration does not prevent the beneficiary from obtaining freelance financing if they meet the eligibility criteria.
Through the Social Development Bank portal and completing the application steps (login via National Access, passing the credit check, providing a guarantee, uploading the required documents, employer authentication via the government entities portal, and card issuance by the partner bank).
Cash financing is disbursed to a bank card, up to 48,000 ♦ , with a repayment period of 24 months.
- There are no annual lending fees. Only a fixed administrative fee is applied once and deducted from the financing amount before disbursement.
Only 15% of the financing amount can be withdrawn.
It is sent by the partner bank.
Yes, the Freelance Work Certificate is a mandatory requirement to obtain the card product.
Yes, according to the Social Development Bank’s policies.
10 working days from the date of financing approval.
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