Business Installment Financing
Get your financing within 24 hours through your bank statement only!
BIF financing product helps Micro and Small Enterprises to meet their financial needs by obtaining immediate cash financing based on your bank statement for the last 12 months.
- Finance amount starting as low as SAR 50K up to SAR 250K. *
- Finance tenure up to 36 months.
- Quick process to obtain financing.
- Equal repayment through Monthly Installments.
- Sharia-compliant financing
- Profit Rate as low as 13%
alrajhi bank is controlled and supervised by SAMA
- Application Form.
- Copy of National ID for owner/s.
- Copy of Commercial Registration.
- License to practice the activity and the location and pictures of the activity.
- Copy of Nitaqat and National Address.
- Entity legal documents (Partnership deed, Memorandum of article of association).
- Bank statement for last 12 months (For Non-Al Rajhi customers).
how to apply
- Contact us on 920018799.
- Apply now by filling out the form and we will contact you and assist you in completing your application.
- Visit your nearest branch and our Branch representative will answer all your queries and assist you with your request.
- AlRajhi E-Business application.
Terms and Conditions
The Annual Percentage Rate (APR):
It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.
|Asset Type||Finance Amount||Maturity in Years||APR %||Monthly Installment|
|Business Installment Finance for Micro and Small Businesses ARB customers||250,000 SAR||3 years||28.18%||9,652.78 SAR|
|Business Installment Finance for Micro and Small Businesses Non-ARB customers||250,000 SAR||2 years||32.13%||13,333.33 SAR|
*APR may differ depending on the amount, management fees, and the maturity period different from above and subject to each customer.
*Any information or rates mentioned are for example only. All product and service delivery is subject to the credit policies of alrajhi bank.