POS Finance
Get your financing within 48 hours through your POS throughputs! Competitive Profit Rates.
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.
Key Features:
Discover the unique advantages that make our program stand out.
Flexible Tenure
Finance terms starting from 12 months up to 60 months.
Competitive Profit Rate
Profit Rate as low as 11.5%
High Financing Limit
Finance amount starting as low as SAR 50K up to SAR 25 MM.
Shariah-Compliant
All financing in accordance with Islamic banking principles.
Requirements
- Application Form.
- Copy of National ID of owner(s).
- Copy of the Commercial Registration.
- Copy of Nitaqat and National Address.
- License to practice the activity, the location, and photographs of the activity.
- Entity legal documents (Partnership Deed, Memorandum of Article of Association, etc.).
- Bank statement for the last 12 months (for non alrajhi customers).
Terms and Conditions
- alrajhi bank is controlled and supervised by SAMA.
- alrajhi bank Term and Condition applied.
The Annual Percentage Rate (APR):
Example of The Annual Percentage Rate (APR):
| Asset Type | Finance Amount | Maturity in Years | APR | Monthly Installment |
|---|---|---|---|---|
| POS Finance for Micro and Small Businesses | SAR 250,000 | 3 years | 25.05% | SAR 9,236.11 |
| POS Finance for Micro and Small Businesses | SAR 750,000 | 3 years | 23.00% | SAR 27,083.33 |
| POS Finance for Micro and Small Businesses | SAR 7,500,000 | 5 years | 14.26% | SAR 168,750.00 |
*APR may vary based on financing amount, management fees, and repayment period (subject to each customer).
*All rates and figures provided about are for illustrative purposes only.
*All product and service delivery are subject to alrajhi bank’s credit policies.
How to apply
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