- Self-employment incentives
It is a program dedicated to supporting self-employment practitioners who benefit from an effective product, which works to motivate self-employment practitioners to motivate them to achieve professional stability and ensure their continued work.
Incentives are cash amounts disbursed as a reward to those who prove their practice of self-employment financed on one of the bank’s approved platforms. The evaluation is carried out continuously throughout the financing period and is disbursed annually at the end of each calendar year.
The time period for depositing the incentive
Immediate deposit into the customer’s bank account approved by the bank at the end of each calendar year according to what each customer deserves as a result of evaluating his performance during the calendar year.
The upper and lower limits of the incentive
The incentive does not exceed a maximum of the value of the fees deducted from the customer at the time of disbursing the financing, and there is no limit
minimum
- Customer evaluation to benefit from incentives
The evaluation is done according to the track as follows:
The evaluation is based on the number of trips and working hours carried out on the (Wasl, Tawseel) platform.
- How is performance monitored?
It is necessary to register in one of the self-employment platforms approved by the bank to monitor and evaluate performance
Is registration in the self-employment incentives program mandatory?
Registration in the program is not mandatory, but it allows the customer to benefit from benefits and services after financing, such as: incentives - financing
Additional - non-financial services.
Supported platforms for performance platforms:
The renewed list will be announced on the bank’s social media outlets and the electronic portal, for example (Bahar - Wasl - Tawseel - PTWAY - Passioneurs).
- Mechanism for registering in the incentive program
Through the Social Development Bank electronic portal and completing the following requirements:
1-The client must have existing freelance financing.
2-One year has passed since the financing was disbursed to the client, and he must be regular in paying the due installments.
3- Register in the incentive program
Incentive calculation mechanism
The amount of the incentive must not exceed the value of the administrative fees deducted from the original financing before disbursing it to the client.
The incentive is calculated automatically in the banking system based on the performance recorded on the approved freelance platforms.
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