Point of Sale Financing - Short Term
Micro Enterprises
Small & Medium Enterprises
Explore Banking
Back
Back
Accounts
Cards
Finance
Products & Services
Resources & Advices
Accounts
Cards
Finance
Products & Services
Resources & Advices
Digital banking
Other ways of banking
overview
Overview
Riyad Bank provides a short term financing program against “Point Of Sale” collections with the amount of S..R1 million, using the latest technologies when it comes to safety and efficiency to meet SMEs needs.
Read more
Conditions
Conditions
- Meeting the minimum credit/risk acceptance criteria of Riyad Bank
- Minimum business age is one year, and have a permanent location/outlet
- Presenting a bank account statement of one year
- Finishing a minimum POS subscription period of 6 months
- Terms and conditions apply
Read more
Rates & Fees
Rates & Fees
* The above table is an example, and the annual percentage rate varies according to the amount and the credit evaluation of the activity in addition to the period and method of payment.
Product
Annual Percentage Rate (APR)
Administrative Fees
Administrative Fees Min or Max Limit
POS Financing Program - Short-term
2% to 15%
0% to 5%
-
Method
The method of calculating the finance cost:
Example (1):
Finance Amount
SAR 100,000
Payment Method
Monthly Installments
Payment Period
6 Months
Annual Profit Rate
2%
method
The method of calculating the finance cost:
Result
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 16,765
SAR 588
SAR 100,588
Method
The method of calculating the finance cost:
Example (2):
Finance Amount
SAR 100,000
Payment Method
Monthly Installments
Payment Period
6 Months
Annual Profit Rate
13%
method
The method of calculating the finance cost:
Result
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 17,318
SAR 3,905
SAR 103,905
Method
The method of calculating the finance cost:
Example (3):
Finance Amount
SAR 100,000
Payment Method
Monthly Installments
Payment Period
6 Months
Annual Profit Rate
15%
method
The method of calculating the finance cost:
Result
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 17,419
SAR 4,512
SAR 104,512
Need help?
Riyad Line:
800 124 2225
