Microfinance
Flexible financing solutions designed to meet the evolving needs of individuals through an integrated experience and a range of options, including cash financing, purchase financing, and service financing.
PRODUCT PORTFOLIO
This financing product enables customers to obtain the financing needed to meet their consumer and personal needs, in compliance with the provisions and principles of Islamic Sharia.
A secure and fully integrated digital experience, supported by clear and seamless procedures.
RushCart leverages a proprietary technology stack to connect buyers and sellers seamlessly, empowering local businesses with smart product listing tools, secure transactions, and robust vendor management. The platform’s adaptable architecture supports scalable e-commerce growth, aligned with Vision 2030.
PROCESS FLOW
Registration
Register on the platform and create a new account using the mobile number and basic information.
Identity Verification
Verify the customer’s identity through the National Single Sign-On service.
Personal Profile
Complete the personal profile and enter the required personal, employment, and financial information.
Terms & Disclosures
Agree to the terms and conditions, privacy policy, and relevant disclosures.
Data Verification
Verify the information and financial obligations by connecting with approved entities and data sources.
Creditworthiness Assessment
Assess creditworthiness and analyze the customer’s repayment capacity.
Financing Amount & Term
Determine the financing amount and term in accordance with the credit policy and the outcome of the credit assessment.
Application Submission
Submit the financing application, select the appropriate product, and complete the required information.
Review & Credit Decision
Review the application and make the credit decision to approve or reject it in accordance with the approved criteria.
Financing Offer
Issue the financing offer, including the financing amount, repayment term, fees, and installments.
Electronic Signing
Sign the contracts and agreements electronically and complete all final disbursement requirements.
Disbursement
Disburse the financing amount and transfer it to the customer’s bank account after completing all verification and approval procedures.
