POS Loan (Coming soon)
An electronic service for applying to the "POS Loan" product, a financing solution tailored to support small and micro-enterprises that rely on point-of-sale devices and electronic applications to generate sales. This product provides financing for operational cycles and capital expansions, ranging from ♦180,000 to ♦10 million, with a maximum of 50% of total sales generated through point-of-sale devices and applications—all without visiting the bank branches.
- About The Product
- Conditions
- Requirements
The specifications of the point-of-sale product for financing small enterprises and microenterprise financing are summarized in the following points:
- A financing ceiling of up to 10 million ♦ (with a maximum of 50% of the total sales of points of sale and electronic applications).
- The repayment period is up to 5 years.
- Payment is made monthly.
- Administrative fee 7%.
- Annual service fee 7%.
Target Category
Establishments with revenues not exceeding 40 million ♦Beneficiaries
1,109 beneficiariesFees
7% administrative fee
7% annual service feePayment Channels
Payment billAvailability
24/7SLA
55 Working DayaService Start Date
2020
Language
ArabicFAQs
Click Here920008007
920008007care@sdb.gov.sa
care@sdb.gov.saProduct features
Financing ceiling
10 million ♦ A maximum of 50% of the total sales of points of sale and applications
Financing period
5 years
Payment method
On a monthly basis
Administrative fees
Administrative fee 7% Annual service fee 7%
Customer journey
Apply
Eligibility check
Processing
Exchange
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