Serves micro and small and medium enterprises clients to finance the generated cash flows from Alinma E-payment gateway or other banks through flexible and fast credit approval process with period of up to 60 months and with financing up to SAR 5 million with easy and affordable terms and competitive prices, without the need to submit financial statements.
Financing advantages:
- Financing up to SAR 5 Million.
- No financial statements required.
- Competitive rates and fees.
- Short financing study time.
- Flexible and easy financing terms.
Finance Limits:
- SAR 5 MM maximum financing limit.
- Non-Revolving Limit.
Financing terms and requirements:
- Entity's Age must be one year or above based on CR.
- Minimum deposit for E-commerce transactions SAR 1 MM within one year.
- The entity must have online payment gateway for 6 months at least with Alinma or other banks.
- Positive SIMAH records for the entity and the owners is required.
Finance Tenor:
Up to 60 Months.
Repayments:
Monthly.
Finance Pricing and fees:
Depends on the nature of the financing and varies according to the creditworthiness and the customer’s relationship with Alinma.