Assets Financing
An asset-backed financing solution of up to SAR 400,000, tailored to support freelance tracks in transport, order delivery, and logistics, featuring additional cash performance incentives. Application is fully digital, without the need to visit any bank branch.
Product Specifications & Fees:
- Financing limit up to SAR 400,000.
- Flexible repayment period up to 5 years (maximum of 4 years for specific tracks) with scheduled monthly installments.
- Cross-sponsorship is permitted; the beneficiary can act as a guarantor for others while receiving personal assets financing.
- Administrative and commitment fees are determined by the professional track as follows:
- Vehicle Financing Track: Fees do not exceed SAR 17,000, including a SAR 2,000 commitment fee paid via the SADAD system after final approval (added to the total loan value).
- Logistics Track: Fees do not exceed SAR 9,000, including a SAR 2,000 commitment fee.
- Note: Commitment fees are non-refundable unless the car dealership officially apologizes for being unable to deliver the vehicle.
Last Modified Date 22/06/2026 - 2:32 PM Saudi Time