Payroll Financing Program

Payroll Financing Program

Financing up to 15.75 million Saudi riyals

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Payroll Financing Program

Now with Payroll Finance Program, you can cover your staff’s salaries for up to the next 6 months.

Features

Financing up to SAR 15.75 Million

Grace period up to 6 months *

Competitive pricing

Eligibility:

Commercial Registration and activity license

Audited Financials

Large range of accepted Collateral

Approve the Clean credit history at Bayan Credit Bureau

Required Documents:

A valid copy of the commercial register/ industrial license.

A copy of the national identity / residence permit for the owner of the sole proprietorship / and all the partners if it is a company.

Audited financial statements for the last three years of the business activity.

A copy of the valid certificate of social insurance

Company's Memorandum of association / decisions of the founding partners.

A copy of the valid Nitaqat Certificate (Labor office).

A copy of valid certificate from the Department of Zakat.

Establishment’s profile

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You can apply easily through

alrajhi bank business app

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You can also apply through the following channels

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You can apply through alrajhi bank business Online

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