With The New Point of Sales Financing Product

Point of Sales Financing Product

Grow your business with the POS financing product by The Saudi Investment Bank for SMEs. With easy requirements and fast procedures, apply now and enjoy funding up to SAR 15,000,000.

Features

  • Maximum finance amount: SAR 15,000,000
  • Minimum finance amount: SAR 500,000
  • Grace period: up to 3 months
  • Finance Tenor: up to 36 months
  • Shari’ah compliant

Required Documents

  • Copy of the National ID of the owner/s
  • Copy of the Commercial Registration
  • License to Practice the business activity
  • Copy of National Address
  • Copy of Nitaqat
  • Entity legal documents (Partnership deed, Memorandum of article of association) as applicable.
  • POS statements for last 12 months.
  • Account statement for last 36 months.

Eligibility Criteria

  • Customer must be a Small and Medium Enterprise.
  • Customer must not have any POS financing from another bank.



 

Terms and Conditions