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Annual Rental Financing Program for MSMEs’ Operating Premises

Annual Rental Financing Program for MSMEs’ Operating Premises

Afinancial solution by bank Albilad to provide Financing the annual rental expenses for operational premises of Micro ,Small and Medium Enterprises (MSMEs’).
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Features

  • Higher financing limit:
    • Max. Limit per client is SAR 6 M.
    • Min. Limit per client is SAR 200 K.
  • Financing tenor: up to 12 months.
  • Repayment on Monthly Equally Installments.

Terms & Conditions

  •  Bank Statement of last 12 months showing monthly transactions.
  •  The client’s experience should be at least one year.

Required Documents

  • Identification documents:
    • A copy of the commercial register 
    • Copy of the partners' IDs
    • copy of the companies’ Article of Association and its amendments, if any, plus copy of the licenses.
  • Fill and sign SIMAH declaration 
  •  Request letter for the product from the company .

​​FAQs

How much is the financing amount?

Financing amount of up to 15% of the annual activity revenue.

what are the prices?

Depends on the type of request made by the client.


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All Rights Reserved © 2024 Bank Albilad is a Saudi joint stock company, with National Unified No. 7001473102, Head Office: Al Mutamarat 8229, Building No 2, RIYADH 3952 - 12711, KSA. Under monitoring and supervision of Saudi Central Bank and licensed by Royal decree 48/M on 1425/9/21H (4/11/2004 G).


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