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Lending terms

  1. Filling in the application form, with the required credit facilities and their purpose explained.
  2. Providing an overview on the activity desired to be funded.
  3. Signing a form of acknowledgment and a pledge to approve the query on the customer's credit report through the Saudi Company for Credit Information.
  4. A copy of the national ID in case the applicant was Saudi.​
  5. A commercial register with the activity desired to be funded explained.
  6. Presenting guarantees in exchange for credit services.
  7. The last three annual budgets of the existing companies and projects.
  8. Presenting the prices or outstanding invoices of the product to be imported.
  9. Contract agreements with suppliers and local distributors to distribute the product (if applicable)
Last updated: 1/4/2021 0:19
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