Payroll Financing Program

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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