POS Financing Program

POS Financing Program

The POS Financing Program by Bank Albilad is offered to Micro and Small Enterprises to support their operational needs and expansions for up to 1.5 million riyals, against cash inflow from point of sale devices for the last 12 months.


Features of POS financing program


  • Facilities up to 1.5 million riyals
  • Financing period up to 36 months
  • Grace period up to 6 months
  • Settlement on Monthly Installments

General Requirements


  •  Minimum 3 years in business, as per Commercial Registration
  •  Availability of POS devices from Bank Albilad or any other bank, for a minimum period of 12 months


An example of how the POS Financing Program is calculated:


Type of Financing

POS Financing Program

Financing Calculation Method

Amount X Profit Rate/ 360 X No. of Days

Amount

  20% of cash inflow from point of sale devices for the last 12 months 

Profit Rate

4%

Profit Calculation Method

Annual

No. of Financing Days

180

Profit

 20,000.00

* Terms and conditions apply


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