Franchise
Program

It is a financing product for franchise projects, because we believe that establishments are the main engine in the economy of societies, we have been keen to develop a group of financing products that vary in the diversity of all aspirations

 

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  1. The financing ceiling starts from 150 thousand riyals to 4 million riyals.
  2. Financing period up to 8 years
  3. Grace period of up to two years.
  4. The possibility of applying for a trademark not listed in the bank.
  5. ​Administrative fees of 7%, with the possibility of deducting fees from the original financing.
  6. Annual service fee of 1%.

  • The age of the applicant is from 21 to 65 years
  • Integrity of the credit record and that defaults do not exceed 15,000 riyals
  • Brand approval for franchising
  • The minimum guarantee is 50% of the financing value.
  • The percentage of the guarantee is determined according to the credit study of the financing request, not less than the minimum level of the guarantee.
  • Types of acceptable guarantees (mortgage - personal guarantee - third party guarantee - corporate and institutional guarantee - financial guarantee)
  • The applicant must be unemployed, but financing may be granted to the applicant in the event that the financing applicant is employed but he must provide a full-time Saudi manager with experience to manage the business
  • Pass the personal interview

  • Commercial register
  • A letter of approval from the trademark granting the franchise containing the number of existing branches and the date of establishment of the trademark (to download the file, click here)
  • A copy of the identity of the owner or partners, if it is a company
  • Fill out the guarantee declaration form (to download the file, click here)
  • Academic qualification copy
  • A copy of the CV
  • Economic feasibility study or business plan for the project to be financed and price offers

Administrative fee 7%
Annual service fee 1%

(mortgage - personal guarantee - third party guarantee - corporate and institutional guarantee - financial guarantee)

Not less than 10% of the financing volume

Not less than 10% of the financing volume

Financing period up to 8 years

Financing period up to 8 years

Financing period up to 8 years

Financing period up to 8 years

Financing period up to 8 years

Financing period up to 8 years

Financing period up to 8 years

Financing period up to 8 years

Requirements and application procedures differ and are faster for brands listed on the Bank's portal

By applying on the bank portal

No, a customer can only get financing for one unit

Yes, the customer can request financing for an existing or under construction project
Apply
Target Audience
Citizens
Beneficiaries
79
Service Fees
Administrative fee 7%
Response Time:
24/7
Submission channels:
 
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Submission language:
Arabic
User's guide:
Create E-Account
User's Guide
Sponsorship Documentation
Warranties
Service application start date
2018 114-200.png
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Internal Strategic Engagement

Financing the franchise program intersects with one of the bank's strategic objectives: facilitating and providing financing and products for small and emerging enterprises.

...
International strategic link

Franchise financing intersects with Goal 9 of the United Nations Sustainable Development Goals.

Product Features

Funding Ceiling
Up to 4M SAR

Loan Duration
Up to 8 years

Payment Method
Monthly

Administrative Fees
Administrative fees: 7%

Annual service fee: 1%

Grace Period
Up to 2 years

Customer Journey

Submit Application

Eligibility Check

Processing

Deposit

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Do you have any inquiries? 

If you have any questions regarding the Franchise Product, please see the Frequently Asked Questions.

FAQ Contact Us
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