Point of Sale Finance

Riyad Bank offers financial programs with a point of sale guarantee up to SAR 15 million, This program designed to fits MSMEs needs, to give them an easier and secure methods for payments, according to the latest technological solutions that meet their needs.

Feature:

  • Facilities up to SAR 15 million
  • Quick Financing procedures
  • Easy payment plan, via monthly installments up to 5 years

Conditions:

  • The facility must have POS devices for 12 months or more

Rates & Fees:

Product Annual Percentage Rate (APR) Administrative fees Administrative fees Min or Max Limit
POS Financing Program 2% to 15% 0% to 5% -

It varies according to the financing, creditworthiness and the partner's relationship with the bank.

The method of calculating the finance cost:

Example (1):

Finance Amount SAR 1,000,000
Payment Method Monthly Installments
Payment Period 12 Months
Annual Profit Rate 5%

Finance Amount Installment Amount Total Bank Profit Finance Amount including Profits
SAR 1,000,000 SAR 87,500 SAR 50,000 SAR 1,050,000

Example (2):

Finance Amount SAR 100,000
Payment Method Monthly Installments
Payment Period 6 Months
Annual Profit Rate 13%

Finance Amount Installment Amount Total Bank Profit Finance Amount including Profits
SAR 100,000 SAR 17,318 SAR 3,905 SAR 103,905

Example (3):

Finance Amount SAR 100,000
Payment Method Monthly installments
Payment Period 6 Months
Annual Profit Rate 15%

Finance Amount Installment Amount Total Bank Profit Finance Amount including Profits
SAR 100,000 SAR 17,419 SAR 4,512 SAR 104,512

Please fill the application, and our team will contact you.