Asset Loan

Social Development Bank

A financing product that supports your entry into the transport sector, including vehicle financing for delivery work or equipment for logistics services such as marine transport, refrigerated transport, or flatbed trucks. Get up to SAR 300,000 with a repayment period of up to 5 years and no annual fees. The product includes cash incentives upon registration in the Freelance Incentive Program. Application is fully digital, without the need to visit any bank branch. This loan enables citizens to increase their monthly income and manage their own businesses through fast and flexible financing procedures, with a maximum loan amount of 300,000 SAR and a repayment period of up to five years. It comes with no annual fees, and customers can also benefit from cash incentives by registering in the Freelance Work Incentives Program-all without the need to visit the bank branches.

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Enter through the national unified access portal
From the main menu, choose Add a new request
Request for new financing
From the list of programs, click on the Submit icon in the Self-Employment Products option.
From the list of Self-Employment Products, click on the Submit icon in the Auto Finance option.
If you choose car financing, choose the product type from the car paths
On the page for requesting new financing, you must agree to read all the pledges and choose the branch
On the order registration page, data is entered
On the application registration page, the data is filled out and the customer data available in Yaqin is recalled if the customer is an employee
On the application registration page, the occupation data is filled out and the client data available in Yaqeen is called if the client is an employee (If there is a guarantor, the sponsor’s work data is filled out. In the event that there is a direct connection between the bank and the employer, the data is automatically recalled)
It is possible to modify the financing data and complete the application later from the options bar and choose the financing data option
You can modify the financing data and complete the request later from the options bar and choose the reports and printing option
Choose the type of car
The required documents are uploaded and then click on the Save icon
If the documents are complete, click on the Approval All Files icon
The application journey has been completed and the customer is shown the application number and expected processing period

Applicant's age ranges from 18 to 65 years
The monthly income of the financing applicant must not exceed 20 thousand riyals
A valid driver's license
No traffic violations more than 1000 Saudi Riyal
Vehicle insurance.
The customer must provide one of the guarantees acceptable to the bank
Integrity of credit history

• A copy of the National ID.
• The applicant's National Address.
• The personal IBAN account number.
• The mobile number registered in Absher.
• Providing a personal guarantee.
• Documents related to the guarantor.