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 POS Financing Program

 POS Financing Program

05-02-2025
The POS Financing Program by Bank Albilad is offered to Micro and Small Enterprises to support their operational needs and expansions for up to  3 million riyals from some scopes , against cash inflow from point of sale devices for the last 12 months.



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Features of POS financing program


  • Facilities up to 3 million riyals
  • Financing period up to 36 months
  • Grace period up to 6 months
  • Settlement on Monthly Instalments 

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General Requirements 


  •  Minimum 2 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

​FAQs


What is the meaning of POS collection ?

It is the revenue from business through POS  

How to calculate the maximum limit of financing ?

the maximum limit of financing will be calculated by 30% of POS revenue and limited to SAR 3 million for period of 12 months 

What is the mechanism of Grace Period ?

The tenor is including 6 months Grace Period (first 6 months) as POS program is under LGP 

Does the program include fees?

Yes, between 1% to 2%

An example of how the POS Financing Program is calculated:

A client achieves revenues of 1M SAR from point of sale operations within 12 months, the financing is 30% of the total revenue, and accordingly the client is granted financing in the amount of 300K SAR with repayment starting after 6 months from the start date of financing in equal monthly installments.

Type of FinancingPOS Financing Program
Financing Calculation Method30% of POS revenue
Amount100,000
Profit Rate12%
Profit Calculation MethodAnnual
RepaymentMonthly basis
No. of Financing Days180
Profit3,477

 

 



* Terms and conditions apply

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