
Payroll Financing Program
Features
- Financing up to SAR 15.75 Million
- Grace period up to 6 months *
- Competitive pricing
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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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