Our point-of-sale (POS) financing systems make payments simpler for your business. Get POS financing from SNB and start using our systems.
POS Merchant Financing
What you need to qualify
Your business must have been active for 12 months or more.
You must sign up for the POS devices for a minimum period of 12 months.
You must have a clean credit history.
Last update: 06/20/2025
POS Financing Examples
| Type of Financing | Finance Amount | Finance Tenure | Method of payment | APR | Monthly Instalment |
|---|---|---|---|---|---|
| POS Financing | 500,000 | 2 Years | In monthly installments | 5.00% | 21,935.69 |
| POS Financing | 1,000,000 | 3 Years | In monthly installments |
7.00% | 30,877.10 |
| POS Financing | 7,500,000 | 5 Years | In monthly installments |
9.00% | 155,687.66 |
-
The Annual Percentage Rate (APR) is the ratio that shows the cost of financing to the financial organization as an annual percentage of financing. This percentage is usually higher than the nominal commission or what is known as the flat rate because the calculation of its value includes the value of administrative fees, expenses and insurance throughout the financing period. For this reason, it gives a clearer picture of the real percentage of financing than the nominal commission, which includes the profit margin only.
-
The above table and its numbers are an illustrative example only and represent how to calculate the annual percentage rate, which depends on five basic factors (profit margin, financing amount, insurance rate, financing period, car price)
-
The administrative fee is 1% of the financing amount
-
Terms and conditions apply
Apply for a Commercial Enterprise account
