Conditions for obtaining a self-employment loan from the Social Development Bank and how to apply for a self-employment loan

The article, conditions for obtaining a self-employment loan from the Social Development Bank, and how to apply for a self-employment loan, appeared first on Thaqafni.

Conditions for obtaining an enforceable loan from the Social Development Bank and how to apply for a freelance loan، Self-employment loan from the Social Development Bank It is one of the loans that benefit many people in particular who do not have the capital to open a business for them, and it is characterized by its religious dealings that follow Islamic dealings, which many people are looking for.

Conditions for obtaining a self-employment loan from the Social Development Bank and how to apply for a self-employment loan

Conditions for obtaining an enforceable loan from the Social Development Bank

There are several conditions that must be taken into account when making a decision Borrowing from the Social Development Bank which is next:

  • The borrower must be a Saudi citizen or a mother who has Saudi residency and children.
  • At least 18 years old, no more than 60 years old, and in good health to do business.
  • That the loan be spent on the project for which he borrowed the money.
  • Succeeds in selecting a personal interview by the bank’s management.
  • Characterized by honesty and honesty.
  • A person does not borrow from the bank an amount that exceeds fifty thousand Saudi riyals.
  • Lack of commitment to the self-financing aspect.
  • The salary of the person who borrows from the bank is not less than fourteen thousand Saudi riyals.

Conditions for obtaining a self-employment loan from the Social Development Bank and how to apply for a self-employment loan

How to apply for a freelance business loan

For the person to apply for Freelance loan He should take the following steps:

Fill out the registration form on me Social Development Bank website .

Searching for people who provide funding services in charities in the geographical range closest to the person and choose a partner in funding.

Conditions for obtaining a self-employment loan from the Social Development Bank and how to apply for a self-employment loan

Advantages of an effective loan from the Social Development Bank

Freelance loan Which person takes from Social Development Bank It has many advantages that people benefit from, including the following:

  • The loan does not contradict the teachings of the Islamic religion, and this is not available in most banks.
  • An individual can pay off the loan for a period of up to five years.
  • Both workers and people who do not own any job can borrow a minimum of 6 thousand riyals and a maximum of 150 thousand riyals.
  • The person opens an account in any of the Kingdom’s banks.

And with that we have finished talking about Self-employment loan from the Social Development Bank And clarification of the conditions that must be met in order to obtain this loan and the advantages that the person benefits from.

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The article, conditions for obtaining a self-employment loan from the Social Development Bank, and how to apply for a self-employment loan, appeared first on Thaqafni.


Source: الحرية نيوز by alhoreyanews.com.

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