Urgent: Up to 100 thousand riyals.. Details of family financing from the Social Development Bank

The service aims to help the family cover its basic needs and achieve living stability.

Family financing from the Social Development Bank

The monthly repayment period is up to 4 years, without administrative fees, and an exemption is available in the event of death.

Family financing conditions

• The applicant must be married, and the applicant’s age must not exceed 70 years.
• The monthly income must not exceed 14,500 riyals.
• The number of family members must not be less than two.
• The applicant’s marital status must be married, and if he is a widower or divorced, he must support one child or more.
• The applicant’s marital status must be divorced, a widow, or an abandoned wife, and he must support one child or more.
• The wife’s age must not be less than The abandoned woman must be at least 30 years old, and her youngest child must not be less than one year old according to the Gregorian calendar.
• The per capita share of the family income must not exceed 3,000 riyals (the per capita share is calculated by dividing the monthly income of the head of the family by the number of family members).
• The sponsor’s age must not exceed 55 years. One year.

Requirements and procedures

• A copy of the applicant’s ID.
• A copy of the family record.
• The IBAN account number on the bank’s official letterhead, certified by the Commercial Bank.
• A statement of account for the last 3 salaries certified by the bank. Commercial.
• A certificate of periods and contributory wages whose issuance date does not exceed 60 days from the Social Insurance website (if the applicant is subject to the Social Insurance system).