• Maximum finance amount up to SAR 200,000
• Finance period of up to 3 years
• Annual Percentage Rate starts from 20.5%
• Management fees equal to 1% of finance amount or SAR 5,000 whichever is less

Terms and conditions:

• Minimum Salary of SAR 20,000
• Service period not less than 6 months
• Profession (manager)
• For Saudis nationals only
• There must be at least three salaries (deposits) in the customer’s account with the bank

Establishment Status:

• Should be in the Green/ Platinum category
• Should have been operating for a minimum of 3 years in their respective business line
• Should be registered for VAT with the General Authority of Zakat and Tax (GAZT)
• Should have their payroll with the bank
• Should not be part of approved Employers’ list maintained by the bank

Required Documents:

• Filled Application Form
• Verified copy of National ID
• Salary certificate ( Attested by Chamber of Commerce )
• GOSI Certificate
• Establishment Guaranty ( Certified by Chamber of Commerce), including Promissory Note
• Evidence establishing payment of VAT ( at least two latest subsequent quarters)

*Terms and conditions apply