Published in Product blog
Payment and Repayment with Aajil: How Do You Pay After Receiving Your Materials?
By the Aajil team
Payment Terms in 60 seconds | Aajil in a Minute
Many businesses stop at the moment their deferred purchase request is approved, assuming that what follows is a single fixed step: receive the materials, then pay the full amount on a set date. The reality is different. Payment and repayment with Aajil are designed to fit your business’s situation, not to force on it one schedule that doesn’t suit the nature of its work.
How much can the purchase be?
Aajil buys the materials your business needs for up to 4 million riyals per order. This ceiling isn’t a fixed number. It’s an upper limit, and the actual amount is calculated case by case.
What determines the purchase amount?
The amount your business gets depends on its financial position and revenue, along with other factors assessed when you apply. Each business receives an amount that fits the size of its operations and its real ability to repay, rather than one figure that treats every business the same.
How long is the repayment period?
Repayment starts at two months and goes up to twelve, and you choose the term that suits you within that range. A short-cycle project may need only two months to collect its returns, while a longer project may call for a term closer to a full year.
How do you choose the right repayment schedule for your business?
Aajil doesn’t impose a single repayment schedule. You choose the plan that fits your cash position and the nature of your obligations. You can repay:
- Every month.
- Every two months.
- Every three months (quarterly).
| Item | Details |
|---|---|
| Maximum amount | Up to  4 million |
| Repayment period | 2 to 12 months |
| Available repayment schedules | Monthly / Every two months / Quarterly |
So instead of being forced into a repayment schedule that doesn’t match your receivables cycle, you choose the pace that keeps your cash flow steady throughout the repayment period.
Who can benefit from this?
This is designed for Saudi businesses that:
- Have been operating for more than a year
- Have annual revenue of 10 million or more
- Have a SIMAH credit record free of any defaults