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Payroll Financing Program

Now with Payroll Finance Program, you can cover your staff’s salaries for up to the next 6 months.

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Payroll Financing Program

Empower Your Business with Seamless Payroll Financing
Our Payroll Financing Program is designed to support businesses in meeting employee salary commitments with ease and reliability. Whether you’re navigating cash flow challenges or planning for sustainable growth, this Shariah compliant solution offers flexible, short term financing tailored to your payroll cycles ensuring uninterrupted operations and employee satisfaction.

Features

  • Financing up to SAR 15.75 Million
  • Grace period up to 6 months *
  • Competitive pricing

Eligibility:

  • Commercial Registration and activity license
  • Audited Financials
  • Large range of accepted Collateral
  • Approve the Clean credit history at Bayan Credit Bureau

Required Documents:

  • A valid copy of the commercial register/ industrial license.
  • A copy of the national identity / residence permit for the owner of the sole proprietorship / and all the partners if it is a company.
  • Audited financial statements for the last three years of the business activity.
  • A copy of the valid certificate of social insurance
  • Company's Memorandum of association / decisions of the founding partners.
  • A copy of the valid Nitaqat Certificate (Labor office).
  • A copy of valid certificate from the Department of Zakat.
  • Establishment’s profile

How to apply

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