Rates
Financing available up to SAR 5,000,000 at affordable profits rates
12.5% annually -
1.5% processing fee annuallySchedule of Charges*
Tenor
2 years
Minimum Amount
500,000 SAR
Maximum Amount
5,000,000 SAR
Repayment
Daily
Facility Processing Fee
Will be refunded if canceled by AlRaedah**
Security Deposit
N/A
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 27.01% **2 years administrative fees 3%.15% VAT is applicable. This product requires mortgage. 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
1,000,000
100,000
900,000
1,250,000
1,500,000
150,000
1,350,000
1,875,000
2,000,000
200,000
1,800,000
2,500,000
2,500,000
250,000
2,250,000
3,125,000
3,000,000
300,000
2,700,000
3,750,000
3,500,000
350,000
3,150,000
4,375,000
4,000,000
400,000
3,600,000
5,000,000
4,500,000
450,000
4,050,000
5,625,000
5,000,000
500,000
4,500,000
6,250,000
500,000
50,000
450,000
625,000
* Calculations are approximate. Terms and conditions apply.