Cash Financing
A financing solution that helps you launch your own project or develop your professional skills with ease. If you own a craft, or work through delivery apps, you can benefit from financing of up to SAR 120,000 with flexible terms and easy repayment, with administrative fees not exceeding SAR 9,000 deducted from the financing amount. You can also benefit from the financial incentives available by registering in the Self-Employment Incentives Program. Application for the product is made entirely electronically, without the need to visit the bank's branches.
- Access the link
- Click on submit application
- Log in for individuals through the National Single Sign-On (Nafath) portal
- From the main menu, select add new request, then request to obtain new financing
- From the programs menu, click the "Apply" icon under the Self-Employment Products option
- From the self-employment products menu, click the "Apply" icon for cash financing
- If cash financing is selected, choose the product type from the products list
- On the request to obtain new financing page, acknowledge having read all the undertakings and select the branch
- On the request registration page, enter the self-employment document data and add the attachments
- On the request registration page, fill in the data; the client's data available in Yaqeen is retrieved if the client is an employee
- On the request registration page, fill in the profession data; the client's data available in Yaqeen is retrieved if the client is an employee
- If there is a guarantor, fill in the guarantor's employment data الكفيل*
- (If there is a direct link between the bank and the employer, the data is retrieved automatically)
- Select the tranche appropriate for the client and apply for the service
- You may modify the financing data and complete the request later from the options bar by selecting the financing data option
- You may modify the financing data and complete the request later from the options bar by selecting the reports and printing option
- Upload the required documents and then click the save icon حفظ*
- When the documents are complete, click the approve all files icon
- The application journey is completed and the client is shown the request number and the expected processing period
- The applicant must be no younger than 18 years and no older than 60 years
- The applicant's monthly income must not exceed SAR 20,000
- A self-employment document through the Self-Employment platform or a license proving this
- A self-employment bank account linked to the submitted self-employment document
- One of the guarantees accepted by the bank
- A sound credit record
Government employee / government company
- A copy of the national ID
- A salary certificate
- A bank statement for the last 3 months
- A self-employment document or professional practice license
- The self-employment bank IBAN number (linked to the submitted self-employment document)
Private sector / non-profit sector employee
- A copy of the national ID
- A salary certificate
- A bank statement for the last 3 months
- A periods and wages certificate from the General Organization for Social Insurance (GOSI)
- A self-employment document or professional practice license
- The self-employment bank IBAN number (linked to the submitted self-employment document)
- Provide a personal guarantee
- The guarantor's documents
Self-employed / student / homemaker
- A copy of the national ID
- A self-employment document or professional practice license
- The self-employment bank IBAN number (linked to the submitted self-employment document)
- Provide a personal guarantee
- The guarantor's documents
Retiree
- A copy of the national ID
- A pension salary certificate from the website of the General Organization for Social Insurance (GOSI)
- A self-employment document or professional practice license
- The self-employment bank IBAN number (linked to the submitted self-employment document)
- Provide a personal guarantee
- The guarantor's documents (if a guarantor is required)
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