Point of Sale Finance

Riyad Bank provides a short term Point of sale financing for a period of up to 6 months, with the amount of 1 million SAR. Targeting small and medium enterprises with 3 to 40 million SAR annual income, to provide them with the latest technological demands when it comes to safety and efficiency to meet their needs.

Feature:

  • The finance amount will be settled daily through POS

Conditions:

  • The establishment does not have any facilitation with Riyad Bank
  • The establishment have POS with Riyad Bank for a period not less than 3 months

Rates & Fees:

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

* 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.

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%

Finance Amount Installment Amount Total Bank Profit Finance Amount including Profits
SAR 100,000 SAR 16,765 SAR 588 SAR 100,588

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.