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Payroll Financing Program for Micro and Small Enterprises


Payroll Financing Program for Micro and Small Enterprises

We are pleased at Bank Albilad to serve our existing and prospective Payroll Financing Program for Micro and Small Enterprises customers by providing the payroll financing facility feature. This program aims to enable enterprises to pay the salaries of their employees on a fixed date every month, which contributes to raising their competitive capabilities, attracting and maintaining human competencies, and fulfilling their obligations when they are due.

Features


  • Ease of process and procedures
  • The Financing limit is up to SAR 2.7 Million
  • Grace period provided
  • Monthly Installments 

*Terms and conditions apply 

FAQ


Who can apply for the program?

Micro and Small Enterprices except: Construction Companies

How can the customer apply for the program?

The customer can apply by:
  •  Business Banking Phone No. 8001237777
  • Following link clicke here
  • Through Bank Albilad Branches 
  •  Through Relationship Manager (if existing client)

How much is the facility amount?

The Financing limit is up to SAR 2.7 Million

Can the customers pay the loan in monthly installments?

Yes, they can

Is there a grace period?

Yes, there is a grace period


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All Rights Reserved © 2024 Bank Albilad is a Saudi joint stock company, with National Unified No. 7001473102, Head Office: Al Mutamarat 8229, Building No 2, RIYADH 3952 - 12711, KSA. Under monitoring and supervision of Saudi Central Bank and licensed by Royal decree 48/M on 1425/9/21H (4/11/2004 G).


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