Pricing for Financing and Savings Products
Apply NOW
image

Point of Sale Financing

Alraedah works to provide unique financing solutions for entrepreneurs and SMEs that have been launched for at least 6 months, who aspire to promote and expand their businesses and provide them with appropriate financing in a flexible and easy way to help them achieve their ambitions.

How does it work

-        The amount of funding starts from SAR 100,000 to SAR 1,000,000.

-        Financing amount up to 30% of annual POS sales.

-        Nature of funding: without the need for a guarantor.

-        No need for fixed monthly installments.

Apply NOW

Rates

Financing available up to SAR 1,000,000 at affordable profits rates

16.5% + Processing Fee -

1.5% processing fee

Schedule of Charges*

Tenor 12 or 18 Months
Minimum Amount 100,000 SAR
Maximum Amount 1,000,000 SAR
Repayment Daily
Facility Processing Fee Will be refunded if canceled by AlRaedah**
Security Deposit 10%
Point of Sale Must have POS terminal for 12 months
*The terms and conditions and fees above are provided as an example. Actuals terms and conditions may differ on a case by case basis. APR starting from 34.41% ** administrative fees between 1.5%- 2.25%. 15% VAT is applicable. The products advertised in this marketing material are not suitable for customers below 18 years old.