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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

·      Financing amounts up to 21% of annual POS sales with a duration to repay for one year.

·      Financing amounts up to 38% of annual POS sales with a duration to repay for two years.

·      Financing amounts up to 50% of annual POS sales with a duration to repay for three years.

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

·      No need for fixed monthly installments.

Rates

The amount of funding for unsecured facilities starts from SAR 50,000 to SAR 1,500,000 while for secured facilities we are offering more finance on a case-by-case basis.

Schedule of Charges*

Tenor a year - 3 years
Minimum Amount 50,000 SAR
Maximum Amount 1,500,000 SAR
Repayment Daily
Facility Processing Fee Will be collected from the financing amount**
Security Deposit 10%
Point of Sale Must have POS terminal for 3 months
**The terms and conditions and fees above are provided as an example. APR between 14% -78% **One-time administrative fees fixed at 1.5% or min (5,000) SAR. 15% VAT is applicable. The products advertised in this marketing material are not suitable for customers below 18 years old.