Hala review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Hala is a direct Saudi business lender, so it suits registered companies that need working capital quickly rather than anyone shopping for a personal loan.

Key facts

Best for
Fast, fixed-rate working capital for registered Saudi businesses.
APR
1.25% (Source, checked September 26, 2026)
Loan amount
SAR 12,000 to SAR 2,000,000 (Source, checked September 26, 2026)
Term
3 to 24 months (Source, checked September 26, 2026)
Arrangement fee
1-5% of the total financing amount + VAT, deducted from the financing amount (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Approval in as little as 30 minutes, up to 3 business days; funds transferred immediately after approval (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Any Saudi-registered business: valid Commercial Registration (CR), valid National ID or Iqama, valid Balady License, 12-month bank statement, POS activity within the last 30 days, applicant aged 22-70 (Source, checked September 26, 2026)
Origination fee (%)
1% to 5% (Source, checked September 26, 2026)
Loan types
Business (Source, checked September 26, 2026)
Legal entity
Hala Payments Company (commercial registration no. 4030548330) (Source, checked September 26, 2026)
Headquarters
Saudi Arabia (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
hala.com

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInXplay.google.cominstagram.com

Pros and cons

Pros

  • The rate is fixed, fixed, on a fixed-rate repayment model (fixed rate), so instalments stay predictable across the schedule.
  • Same-day funding is listed as a feature (same day funding), and funds are transferred immediately after approval.
  • Money comes straight from the lender rather than a broker, since it is a direct lender.
  • Support runs on phone, email and help centre, so phone, email and the help centre cover most questions.

Cons

  • An arrangement fee of 1% to 5% of the total financing amount plus VAT is deducted from the amount advanced, so the headline sum is not what lands.
  • The credit check is hard, hard, so the whole credit record counts.
  • Lending covers business loans only, as business shows, so there is no personal product here.
Hala

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Saudi-registered businesses holding a valid Commercial Registration, a valid National ID or Iqama and a valid Balady Licence, with a bank statement history and recent point-of-sale activity.
  • Companies that need cash the same day: same day funding covers same-day funding, and funds move straight after approval.
  • Applicants past a minimum age with a strong credit record, since the credit check on business loans is hard.

Who should look elsewhere

  • Businesses wanting a longer repayment window: Hala's schedule runs 3 to 24, so Sofkredit and Andacredito are worth a look for a longer term.
  • Rate-focused borrowers: Montonio lists an APR of 0%, below Hala's 1.25%, so compare the fee before settling.
  • Applicants without a bank statement history and recent point-of-sale activity, since Hala's eligibility asks for both.

How Hala compares

Where Hala is available

Available
Saudi Arabia
Licence in Saudi Arabia
Saudi Central Bank (SAMA), checked September 26, 2026
Licence in Saudi Arabia
Saudi Central Bank (SAMA) - debt-based crowdfunding licence, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Hala charge to arrange a business loan?+

Hala charges an arrangement fee of 1% to 5% of the total financing amount plus VAT, and that fee is deducted from the amount advanced rather than billed on top. The rate on business loans is fixed at 1.25%.

Is Hala regulated in Saudi Arabia?+

Hala is headquartered in Saudi Arabia and is regulated by the Saudi Central Bank (SAMA). The business financing product sits under a SAMA debt-based crowdfunding licence, so read what that licence covers for your deal before you sign.

How fast does Hala fund a business loan?+

Approval can come quickly and funds are transferred immediately after approval, with same-day funding listed as a feature (same day funding). That suits a short working-capital gap rather than a planned long drawdown.

How much can I borrow from Hala and over what term?+

Business loans cover SAR 12,000 to SAR 2,000,000, and the repayment term is 3 to 24. A larger facility therefore means a faster payback, while the rate stays fixed at 1.25% for the whole schedule. Compare the term with the fee before you size the amount.

What does Hala ask an applicant for?+

Hala asks for a valid Commercial Registration, a valid National ID or Iqama, a valid Balady Licence, a bank statement history and recent point-of-sale activity from any Saudi-registered business. The applicant must be an adult, and every application runs a hard credit check (hard).

Is Hala the right fit for my business?+

Hala lends as a direct lender (direct lender) and covers business loans only (business), so it fits companies that can show trading activity rather than households borrowing for personal reasons. The trade-off is a hard credit check and a fee taken from the amount.

How do I reach Hala during an application?+

Support runs on phone, email and help centre, so phone, email and the help centre cover the questions that come up. Applications are handled the same way for every applicant, and the document list is the same too.

How does Hala compare with other lenders on cost?+

Hala's 1.25% sits below the site median of 12%, and its rank on APR is 34 out of 350. The alternatives price differently: Montonio lists 0%, Sofkredit 10.74% to 18.06% and Andacredito 0% to 36%.

Sources

  • hala.com checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “Hala is the simple and trusted solution for managing the financial affairs of small businesses in the Kingdom of Saudi Arabia.”

  • hala.com/products/financing checked September 26, 2026

    Backs: Support channels

    “Working hours: 9 am to 10 pm - Call us 8003033311 - Email us - Support: visit the support center”

  • halafinancing.com checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Eligibility, Features, Funding time, Lender type, Loan types, Pricing model, Arrangement fee, Origination fee (%), Rate type, Term

    “Financing amounts start from 12,000 up to 2M depending on your business's transaction history and eligibility.”

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Related by the facts

Hala

Hala

Fast, fixed-rate working capital for registered Saudi businesses.

9.1/10See alternatives

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