Financing Small and Medium Companies
- Tawarruq Financing up to 5 million SAR with Mortgage guarantee.
- Tawarruq Financing up to 500 thousand SAR with guarantor guarantees.
- Short-term financing goods up to 250 thousand SAR for a period of 12 months.
- Financing vehicle fleets up to 2.5 million SAR with the guarantee of vehicle license.
- Review the annual profit rate
Basic Documents to be Available
- Bank statement for the last year.
- Copy of the commercial register.
- Fill-off the finance application.
- Audited financial statements for the last 3 years (500,000 SR and above).
Review the annual profit rate
| Product | Loan/Finance Amount | Annual Percentage Rate (APR) | Management Fees | Upper and Lower Limits | Annual Benefits | Installment Amount |
|---|---|---|---|---|---|---|
| SME Finance | 1,000,000 | 21.65% | 10,000 | N/A | 4 years | 30,000 monthly |
| SME Finance | 3,600,000 | 21.08% | 36,000 | N/A | 5 years | 93,000 monthly |
| SME Finance | 700,000 | 29.33% | 7,000 | N/A | 2 years | 37,333 monthly |
APR may differ depending on the amount and the maturity period and subject to credit scoring of each customer