FAQs
We encourage you to review the frequently asked
questions we received and our responses to them.
Is it required for the customer and the guarantor to reside in the same city?
No, it is not required.
What are the guarantor requirements?
The guarantor can be a government or private sector employee or a retiree, with obligations not exceeding 50% of their salary, and their age should not exceed 65 years.
What are the basic financing conditions?
Having a project and providing a guarantor based on specific conditions.
Can the applicant act as a personal guarantor in the application?
No.
How can I access my financing contracts after obtaining the financing?
You can access your financing contracts through the Abdul Latif Jameel Financing application or website.
What is the minimum and maximum financing amount?
The minimum amount is 20,000, and the maximum amount is 100,000.
What is the percentage of financing for micro-enterprises?
The current financing rate is 10%.