Term Loans
Lendo · SME & Business Finance
- Has an administrative fee
Qrar360 Decision Brief
What is this product?
A SME financing product from Lendo.
Who it may suit
- No collateral required
- Sharia-compliant
- Businesses wanting unsecured finance
- People who need Sharia compliance
Consider if
- You prefer a Sharia-compliant product
Important conditions
- Has an administrative fee
Key facts
Lendo Term Loans provide Saudi SMEs with Sharia-compliant, crowdfunded term financing of up to SAR 3 million over tenors of up to 24 months. Lendo lists management fees of 3% annually (4% for terms under 12 months), a minimum of one year in business, a valid commercial registration, a 12-month bank statement, and a promissory note as current requirements, with an average approval time of 48 hours. The profit margin is determined by Lendo's credit study; no real-estate collateral is taken.
Product Analysis
Not yet scored
This product does not have a published Qrar360 Score yet. A score is published only when enough of its facts are verified from official sources to meet our coverage and confidence thresholds. The recorded facts below remain discoverable and comparable.
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Availability by Country
- Saudi ArabiaAvailable
Provided By
This product is provided by . For the institution's licenses and regulatory status, see its profile page.
Sources & verification
Verified facts on this page are linked to their official sources.
Frequently asked questions
- Is Term Loans Sharia-compliant?
- Term Loans: Sharia-compliant.
- Which countries is Term Loans available in?
- Term Loans is available in: Saudi Arabia.
