Business Finance

 

 

 

 

 

 

 

  Financing small and medium Companies

  • Tawarruq Financing up to 5,000,000 SR, Shariah-Compliant.
  • Financing vehicle fleets up to 2 million riyals.
  • Financing equipment up to one million riyals.
  • Financing goods up to SR 250,000.
  • 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).

 

To apply please Click here

Review the annual profit rate

Example:

Product Name  Loan/Finance Amount Maturity in Years Profit Rate APR Monthly Payment Amount
Personal Finance

 

100,000

 

60 Months 11.5% 21.9%

 

2625
Personal Finance

 

100,000

 

60 Months

 

10.75% 20.1% 2563

Note: APR may differ depending on the amount and the maturity period different from the above example and subject to credit scoring of each customer

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