Grease Monkey is an approved franchise trademark by the Saudi Social Development Bank.

 

Program benefits:

• Interest-free financing.

• Funding amount reaches 92% of the total project cost, with a maximum of 800,000 riyals.

• Grace period of up to 18 months.

• Loan repayment period is 8 years (including grace period).

 

Target segments:
Saudi citizens (both male and female). 

 

Preliminary Terms:

1. The applicant must be a Saudi national.

2. The applicant must be at least 21 years old and not more than 60 years old.

3. The applicant must be unemployed.

4. The applicant cannot have other outstanding financing products by the bank.

5. The applicant must have a good credit report by SIMAH. 

6. The applicant must be first accepted to the Grease Monkey Franchise Program.

7. The applicant must get the Grease Monkey training.

8. The applicant must provide a Guarantee for at least 30% of the funding amount.