Main Menu
  • Corporate Services
  •   >  
Alinma Web Content Viewer
Micro, Small and Medium Enterprise Financing

Micro, Small and Medium Enterprise Financing

Dear Partner,

 

Alinma Bank recognizes the importance of the micro, small and medium enterprise (MSME) sector to the kingdom’s economy and to Vision 2030, and works to advance the sector through financing schemes that help companies overcome financial obstacles that hinder their development.   With Alinma’s MSME programs, obtaining financing is fast, convenient, and flexible.

 

Point of Sale Financing

Key Benefits

  1. Financing up to SAR 3 million )Murabaha - Bai Ajel)
  2. Up to 36-month financing repayment term
  3. Convenient monthly installments
  4. Competitive profit rates and fees
  5. Fast processing of financing requests

 

Financing Limits:

Minimum Limit: SAR 500,000

Maximum Limit:  SAR 3,000,000

 

Conditions and Requirements

  1. Financing applicants must have a proven history of active POS service from Alinma Bank or any other bank, for a period of not less than 12 months, with total cash flow of not less than SAR 2 million.
  2. POS service during the financing term must be exclusively with Alinma Bank.
  3. Businesses that are full beneficiaries of the Kafalah program are not eligible
  4. Businesses and owners must have clean credit histories.

 

Kafalah Program Financing

 

Key Benefits

  1. Financing that addresses your business needs
  2. Both short and long-term financing are available
  3. Fast processing of financing requests
  4. Multiple options for financing repayment terms and schedules

 

Types of Financing

  1. Murabaha (Bai Ajel)
  2. Letters of Credit (LC)
  3. Letters of Guarantee (LG)

 

Financing Term

        Up to 7 years

 

Repayment Schedule

Flexible repayment schedules are available based on the type financing and the type of business (monthly – quarterly – semiannually – annually). Grace periods are also available, according to bank policies in this regard.

 

Profit Rates and Fees

Profit rates and fees are calculated based on the type of financing and the creditworthiness of the business and its owners.

 

Conditions and Requirements

  1. Minimum amount of financing is not less than SAR 500,000.
  2. Business must have been in operation for not less than 3 years.
  3. Business must have audited financial results for a period of three years.
  4. Annual revenue/sales should not exceed SAR 200 million.
  5. All financial indicators of the business should be positive.
  6. Businesses that are full beneficiaries of the Kafalah program are not eligible.
  7. Businesses and owners must have clean credit histories

 

Profit Rates and Fees:

Product

Profit Rate

Financing Period

Administrative Fees

Financing Limits

Medium Enterprise Financing

5% to 7% annual fixed rate

Up to 84 Months

1.5% to 3%

Up to SAR 18.75 million

Micro and Small Enterprise Financing

6% to 8% annual fixed rate

Up to 84 Months

1.5% to 3%

Up to SAR 6.25 million

Point of Sale Financing

10% to 16% APR

Up to 36 Months

2% to 3%

Min: SAR 500,000

Max: SAR 3 million

 

For more details, please call 8001201010(ext. 5) or email kafalahprogram@Alinma.com

Complementary Content
${loading}