Noon Financing
Simplified financing that enables effective growth.
Enhance your business easily with our Noon Merchant Financing solution.
Financing up to SAR 500K
Financing ranges from 100,000 – 500,000 SAR
Flexible repayment schedule
You pay your financing in proportion to your monthly sales which enables a payment schedule that matches your business cycle
Low profit margin
Profit margin rate of 3.95% for 6 months or 5.98% for 9 months
Want to know more?
Funding Amount
From SAR 100,000 to SAR 500,000
Payment mechanism
Fixed instalments to be paid monthly, weekly or every two weeks
Management fee of 1% applied for financing periods of 6 months and 1.5% for financing periods of 9 months
10% refundable deposit
Profit margin rate of 3.95% for 6 months or 5.98% for 9 months
Payment mechanism
Fixed instalments to be paid monthly, weekly or every two weeks
Conditions to get Noon merchant financing
Annual income of the store should not be below SAR 180K
Noon warehouses should have in stock the volume of goods to equal (or exceed) the financed amount
The business should be operational for at least 12 months
Store rating of at least 3 stars on Noon
4 Simple Steps to Get Financed
Provide your email address
This will be your NOON email ID.
Noon will send an invitation to their portal
You will have to update your information online.
Credit Assessment will be conducted
Your credit history will be reviewed to determine your affordability
You will receive your offer
You will be provided with your finance offer
Apply for Noon E-Commerce Finance
FAQs
With POS Financing, you won’t have fixed monthly payments. Instead, repayment is automatic and settled daily. Daily payments are based on a small fixed percentage (holdback rate) of your future debit and credit card sales and withheld to repay the facility. It’s simple, easy and affordable because repayment is a fixed percentage of your daily POS transactions, not a fixed Riyal amount.
It’s very quick, once we receive the full documentation we need, we can provide funds within 5 business days.
At Alraedah, we provide financing from a minimum of SR100,000 to a maximum of SR7,500,000 with no fixed repayment period.
Our financing is based on the monthly POS sales of your business. We will typically approve you for up to 20% of your annual POS sales. We do not look at your cash sales. For example, if you generate SR1M worth of annual POS sales, you can receive up to SR200,000 in financing.
We would need to analyze your application and bank statements to provide an accurate offer. Our rates can start as low as 10.5%+ (through our Kafalah program).
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.