Family financing from the Saudi Social Development Bank aims to help people with limited or medium incomes cope with the burdens of life through financing of up to 120 thousand Saudi riyals in case the head of the family has not previously obtained a loan. The financing term is up to 5 years with a simple monthly payment system. This loan provides benefits for all categories of men and women, and employees and pensioners of the government or private sector can obtain it. The request for this loan is electronic and does not require the payment of any financial commission, it is sufficient to submit the application and make sure you meet the required conditions. After reviewing your eligibility, the bank will contact you immediately to inform you of the approval of your application.
Family finance
Family finance
Family financing is a financing program granted by the Saudi Social Development Bank to citizens, employees or pensioners, in order to guarantee a dignified life for low-income families. The bank offers various financing programs at preferential terms for individuals and institutions.
The steps to request family financing
You can obtain family financing provided by the Development Bank by following the following simple steps:
- Access the official website of the Social Development Bank.
- Click send request.
- Log in through your account on the National Unified Access Portal using your username and password, or create a new account if you do not have an account.
- Choose Personal Finance from the Personal Products section.
- Click on Family Finance, then start the service.
- Enter the required data, which includes name, gender, date of birth, number of family members and details about their age and gender.
- Click submit application after uploading the required documents and paperwork.
Conditions for obtaining family financing
To request this loan you must meet the following conditions:
- You must not be more than 70 years old and the sponsor’s age must be less than 55 years old.
- Your monthly salary does not exceed 14,500 Saudi riyals.
- The number of members in your family is two or more.
- The per capita share of your family’s monthly salary does not exceed 3 thousand Saudi riyals.
- An abandoned woman applying for family financing must be at least 30 years old and her youngest child must be more than one year old.
Documents necessary to request family financing
If you want to obtain a family loan make sure you have these documents:
- A copy of your identity card and a copy of the family register.
- The IBAN number of your bank account approved by the Commercial Bank.
- A statement certified by the Commercial Bank detailing the last 3 salaries received.
In conclusion, we have provided you with detailed information on the family loan provided by the Saudi Social Development Bank, which is characterized by the ease of requesting it electronically, and we have illustrated the method for requesting it, its conditions and the necessary requirements. documents.
2023-12-27 15:32:30
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