Microfinancing
Fast funding with simple procedures!
Your business should be operating in the market for 3 months or more. We offer you quick support to help you expand and cover your project’s needs, starting from
SAR 20,000 and up to SAR 200,000.
Financing from SAR 20,000 up to SAR 200,000
Business age: 3 months or more
No financial statements or guarantor required
Want to know more?
Repayment mechanism
Flexible deduction that matches your sales volume.
Financing amount
Starting from SAR 20,000 to SAR 200,000.
Annual profit rate
The rate varies based on the credit assessment for each project.
Calculate your finance
4 Steps to get your financing
Submit Your Application
Send your request through the website or contact us directly.
Our representative will contact you
A relationship manager will reach out within 48 hours to provide you with the best offer for your business.
Application review
We review your application and complete all necessary procedures.
Your financing is ready
Receive your financing along with continuous support from our team and valuable advice throughout your journey with us
Get you offer in 48 hours!
FAQs
- Flexible Daily Deduction: With POS financing, you won’t have fixed monthly payments. Instead, repayments will be automatically deducted and settled daily. The daily payments are based on a small, fixed percentage (deduction rate) of your future debit and credit card sales. It’s simple, easy, and affordable, as repayments will be a fixed percentage of your daily POS transactions.
- Fixed Monthly Installments: You will make monthly payments throughout the agreed financing period.
It’s very quick. Once we receive all the required documentation, we can provide the funds within 7 business days
At Alraedah, we offer financing ranging from a minimum of SAR 75,000 to a maximum of SAR 7,000,000 through flexible daily deductions or fixed monthly installments.
Our financing is based on the monthly POS sales of your business or monthly transfers, and we do not consider cash sales. We finance you based on your total sales, with a percentage starting from 20% and going up to 50% of your total revenue.
We will need to analyze your application and bank statements to provide an accurate offer. Our rates start as low as 10%.
No, unfortunately, we do not provide financing to start-up businesses or for new business activities. However, if you use one of our POS terminals, one of our relationship managers will be in contact with you once you generate sufficient daily POS transactions and walk you through the steps for funding your business.