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Last Modified 23 March 2025

Daem Loan

An electronic service for applying to the "Daem Loan" product, a developmental financing initiative formed through a strategic partnership between the Charities Support Fund and the Social Development Bank. It aims to encourage charitable organizations to achieve financial sustainability by providing interest-free loans with specific terms and conditions, enabling them to generate stable income and diversify revenue streams—all without visiting the bank branches.

permanent financing

  1. Finance up to 10 million ♦
  2. The repayment period is up to 7 years 
  3. Grace period of up to 18 months
  4. Flexibility in payment mechanism
  5. No fees 
  6. Additional financing according to the product policy
 

  • The entity requesting funding must be registered with the National Center for Non-Profit Sector Development.
  • At least two years must have passed since the registration of the entity
  • To have a qualified and independent board of directors
  • To have a headquarters in the geographical area in which it provides its services
  • To commit to providing all financing requirements required by the product

  • A valid license from the relevant authority.
  •  The decision of the beneficiary entity’s Board of Directors to approve the establishment of the requested project and to approve the financing request from the bank.
  • A copy of the minutes of the general assembly meeting authorizing the Board of Directors to invest and approve borrowing and mortgage
  • Approval of the entity's board of directors to obtain financing from the bank.
  • Acknowledgment of providing the self-contribution and guarantees required by the product .
  • The approved financial statements for the last two years.
  • Title deed/lease contract for the land on which the project will be built
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Target:
National associations and institutions
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Beneficiaries:
New product
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Fees:
Free
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Availability:
24/7
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SLA
47 Working Days
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Channels:

   

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Language:
Arabic
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Service start date

2019 

Customer Service:
 Phone 
 920008002 
Email 
 care@sdb.gov.sa 
info
Internal strategic engagement

The “Daam” product is linked to one of the bank’s strategic objectives: Developing and strengthening the microfinance system.

info
International strategic engagement

A “permanent” product intersects with the first, second, and seventeenth goals of the Sustainable Development Goals.
It can be viewed here

Product features


Financing ceiling

Financing ceiling

Up to 10 million ♦

financing period

Financing period

Up to 7 years

payment method

Payment method

Flexibility in payment mechanism

fees

Administrative fees

Without fees

the grace period

The grace period

Up to 18 months

Customer journey


apply

Apply

eligibility check

Eligibility check

processing

Processing

exchange

Exchange

Any Question Banner
Do you have any questions?

If you have any questions about the Permanent financing, please see the questions:

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