Sole proprietorship Personal Finance Program
Are you a manager of sole proprietorship and want a personal finance?
Now, you can get the best financing solutions that suits your needs
Features
- Maximum finance amount up to SAR 200,000
- Finance period of up to 3 years
- Annual Percentage Rate starts from 20.5%
- Management fees equal to 1% of finance amount or SAR 5,000 whichever is less
Terms and conditions:
- Minimum Salary of SAR 20,000
- Service period not less than 6 months
- Profession (manager)
- For Saudis nationals only
- There must be at least three salaries (deposits) in the customer’s account with the bank
Establishment Status:
- Should be in the Green/ Platinum category
- Should have been operating for a minimum of 3 years in their respective business line
- Should be registered for VAT with the General Authority of Zakat and Tax (GAZT)
- Should have their payroll with the bank
- Should not be part of approved Employers’ list maintained by the bank
Required Documents:
- Filled Application Form
- Verified copy of National ID
- Salary certificate ( Attested by Chamber of Commerce )
- GOSI Certificate
- Establishment Guaranty ( Certified by Chamber of Commerce), including Promissory Note
- Evidence establishing payment of VAT ( at least two latest subsequent quarters)
*Terms and conditions apply
How To Apply
- Please visit your nearest Al Rajhi Bank branch
- Call us at 8001241222
- Apply Online