POS Finance

Get your financing within 48 hours through your POS throughputs! Competitive Profit Rates.

Get your financing within 48 hours through your POS throughputs! Competitive Profit Rates.

Get your financing within 48 hours through your account statement only!

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Don’t have an alrajhi bank business account? Create one now

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POS Finance

Expand your business by getting POS financing product based on your POS transactions with a finance amount up to 10 Million. POS financing product helps Micro and Small Enterprises to meet their financial needs.

Features

Finance tenure up to 60 months.

Profit Rate as low as 6%

Finance amount starting as low as SAR 50K up to SAR10 MM.

Sharia-compliant financing

Required Documents

Application Form.

Copy of National ID for owner/s.

Copy of the 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) as applicable.

Bank statements for last 12 months (For Non-Al Rajhi customers).

Ways 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.

Teams and Conditions

alrajhi bank is controlled and supervised by SAMA.
alrajhi bank Term and Condition applied.

FAQ's

Is it possible to get a finance for customers of other banks?

Yes, it is possible if the customer provides account statement for the last 12 months including all required documents subject to ARB approval.

Don’t have an alrajhi bank business account? Create one now

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.

Example of The Annual Percentage Rate (APR):

Asset Type	Finance Amount	Maturity in Years	APR %	Monthly Installment
POS Finance for Micro and Small Businesses	250,000 SAR	3 years	25.05%	9,236.11 SAR
POS Finance for Micro and Small Businesses	750,000 SAR	3 years	23.00%	27,083.33 SAR
POS Finance for Micro and Small Businesses	7,500,000 SAR	5 years	14.26%	168,750.00 SAR