For more details, visit the official Social Development Bank website:
www.sdb.gov.sa
Social Development Bank
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Social Development Bank
Introduction
Education financing from the Social Development Bank is one of the financing solutions available to students of Sulaiman Alrajhi University (SRU). It covers tuition fees up to SAR 100,000, with a repayment period of up to 48 months and no administrative fees.
Please note: After submitting your financing application, contact the Scholarships and Financial Solutions Office at the University at paymentsolutions@sr.edu.sa to follow up on your application and complete the required procedures.
Financing Benefits
- Financing Limit of up to SAR 100,000: Covers tuition fees within this limit.
- Repayment Period of up to 48 Months: The financing is repaid over an extended, manageable term.
- No Administrative Fees: No administrative fees are added to the financing amount.
- Fully Online Application: All procedures are completed through the Bank's website, and the application status can be tracked from the dashboard.
Steps to Apply for Financing
- Log In and Verify: Visit the Social Development Bank website and log in through the National Single Sign-On.
- Select the Product: Choose "Apply for Financing Products", click "Apply Now" under Social Products, then select "Education Financing".
- Complete Your Information: Enter your personal and employment information, followed by the guarantee details. If the applicant is unable to act as their own guarantor, a government employee guarantor covering the full financing amount is added.
- Attach the Documents: Upload the required documents in PDF, JPG, or PNG format, then await the employer's approval of the guarantee and the Bank's approval of the application.
- Select the University and Program: Once approved, enter the financing details. Then, from the "Educational Institution and Program" tab, select Sulaiman Alrajhi University from the list of educational institutions approved by the Bank, and specify the program type, the educational program, and the academic semesters to be financed.
- University Approval: The application is forwarded to the University for review, and the applicant receives a notification of approval or rejection. If the University amends the selected academic semesters, the application returns to the applicant to approve or decline the amendment. Once approved, the financing is disbursed. To follow up on your application, contact the Scholarships and Financial Solutions Office at the University after submitting it.