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.
Schedule of Charges
Total Payback Amount
Facility Amount
Security Deposit
Net Financing Amount
Total Payback Amount
50,000
5,000
45,000
57,000
100,000
10,000
90,000
114,000
150,000
15,000
135,000
171,000
200,000
20,000
180,000
228,000
250,000
25,000
225,000
285,000
300,000
30,000
270,000
342,000
350,000
35,000
315,000
399,000
400,000
40,000
360,000
456,000
450,000
45,000
405,000
513,000
500,000
50,000
450,000
570,000
550,000
55,000
495,000
627,000
600,000
60,000
540,000
684,000
650,000
65,000
585,000
741,000
700,000
70,000
630,000
798,000
750,000
75,000
675,000
855,000
800,000
80,000
720,000
912,000
850,000
85,000
675,000
969,000
900,000
90,000
810,000
1,026,000
950,000
95,000
855,000
1,083,000
1,000,000
100,000
900,000
1,140,000
1,100,000
110,000
990,000
1,254,000
1,200,000
120,000
1,080,000
1,368,000
1,300,000
130,000
1,170,000
1,482,000
1,400,000
140,000
1,260,000
1,596,000
1,500,000
150,000
1,350,000
1,710,000
* Calculations are approximate. Terms and conditions apply.