POS Finance Product
Your sales pay off your financing directly
With no fixed monthly installments. Our POS Financing solution removes financial burdens so you can focus on your business.
No fixed monthly instalments
You pay your premium in proportion to your monthly sales volume which allows more flexibility and control over your repayments
Minimum sales of SAR 40K per month
You are eligible for financing even if your sales volumes per month fluctuate
Operational for at least 6 months
All you need to apply is a company registration and 3 months of bank statements
Want to know more?
Payment mechanism
Deduction through point of sales devices
Funding Amount
From SAR 100,000 to 7,500,000
One-time fixed administrative fee equating to 1.5% of the financed amount (minimum of SAR 5,000)
10% refundable deposit
15% Value Added Tax (VAT) applies
Annual profit rate starts from 10% (with the Kafalah program)
Terms and conditions may vary on a case-by-case basis
4 Simple Steps to Get Financed
Submit Your Application
Either online or contact us directly.
Your Dedicated Relationship Manager Will Contact You
Within 48 hours with the most suitable offer
We Review Your Request
And complete all necessary procedures and controls
You Receive Your Financing
With continuous expert support and advice provided throughout the application process
Get your offer in 48 hours!
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 8.5% (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.