Bank provides funding services for small projects
A Saudi Arabian social development bank is dedicated to providing various financial services to Saudi citizens and residents in the kingdom. The bank offers Islamic financing loans that comply with Islamic Sharia law in the kingdom as a means to meet their needs and help establish small projects to improve their living standards. Among the available financing options, the bank offers a social guarantee loan of 30,000 Saudi riyals to eligible citizens who meet the required conditions. Many citizens are therefore seeking details about the loan and the necessary conditions to obtain it. Today, we will discuss with you how to apply for the 30,000 Saudi riyals social guarantee loan and the required conditions. Follow us for all the details.
How to Apply for the 30,000 Saudi Riyals Social Guarantee Loan and the Required Conditions
When all the required conditions for obtaining the social guarantee loan are met, eligible individuals have the right to obtain a loan of 30,000 Saudi riyals. In this case, the applicant must follow the following steps:
- Visit the official website of the Saudi Social Development Bank.
- Then log in by entering the required personal information such as name, age, and national identity.
- Attach the application with the required documents for the social guarantee loan and ensure the accuracy of the required information.
- Click on the submit button.
- After verifying the accuracy of the required information and the eligibility of the citizen to obtain this loan, the application is accepted.
Conditions for Applying for the 30,000 Saudi Riyals Social Guarantee Loan
The Social Development Bank has established several mandatory conditions for Saudi citizens or residents in the kingdom to be eligible for a loan of 30,000 Saudi riyals. When a citizen meets these criteria, they are entitled to obtain the loan from the bank. These criteria and conditions are as follows:
- The maximum monthly salary of the loan applicant must be at least 2,000 Saudi riyals.
- The approval of all the eligibility conditions and terms of the Social Development Bank loan is required.
- The applicant for the social guarantee loan must be at least 25 years old, and not exceed the age of sixty.
- The loan recipient must be a Saudi citizen and live permanently in the kingdom.
- The applicant for the social guarantee loan must be a beneficiary of the social guarantee umbrella.
