POS Merchant Financing
Al Rajhi Bank provides POS Finance product that specifically designed for Micro, Small and Medium Enterprises who seek to boost and expand their business
-
Features
-
Terms & Conditions
-
How to apply?
Features of the product:
- Finance tenure up to 36 months*.
- Finance amount starting as low as SAR 50K up to SAR 5MM*.
- Equal repayment through Monthly Installments .
*Terms and Condition applied
Terms and Conditions
- The customer should have 2 years since establishments.
- The customer should have not less than 12 months account statement with Alrajhi Bank or other banks and it has POS terminals or can install POS terminals with Alrajhi Bank.
- Clean credit check.
- Terms and Conditions Applied.
Al Rajhi Bank is controlled and supervised by SAMA
How to apply?
- Please visit your nearest Al Rajhi Bank branch.
- Contact Micro and Small Businesses customer care 920018799 . ا
- Apply Now
-
The Annual Percentage Rate (APR):
Asset Type Finance Amount Maturity in Years APR % Monthly Installment POS Finance 1,000,000 SAR 3 years 14.03% 32,777 SAR POS Finance 450,000 SAR 3 years 15.87% 14,936 SAR POS Finance 5,000,000 SAR 3 years 13.03% 161,806 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 Al Rajhi Bank.