Capital Expansion Financing - Medium Term
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overview
Overview
Riyad Bank offers you a Capital Expansion Financing program, Tawarruq Funding and/or Letters of Credit (with refinancing) and/or all types of Bank Guarantees (Primarily, Performance, advance payments, or financial) to finance business expansion plans (New branches, machinery, equipment…) with a repayment tenor up to 5 years.
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Conditions
Conditions
- Meeting the minimum credit/risk acceptance criteria of Riyad Bank
- Minimum business age is one year, and have a permanent location/outlet
- Presenting a bank account statement of one year
- Equipment should be used for the business at finance
- Presenting a bank account statement of one year, financial statements of one fiscal year (audited, or self-prepared)
- Presenting future cash flow reflecting the expected financial impact of the expansion plan
- Terms and conditions apply
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Rates & Fees
Rates & Fees
* The above table is an example, and the annual percentage rate varies according to the amount and the credit evaluation of the activity in addition to the period and method of payment.
Product
Annual Percentage Rate (APR)
Administrative Fees
Administrative Fees Min or Max Limit
Capital Expansion Financing Program- Medium-term
2% to 15%
0% to 5%
-
method
The method of calculating the finance cost:
Example (1):
Finance Amount
SAR 100,000
Payment Method
Monthly Installments
Payment Period
12 Months
Annual Profit Rate
2%
method
The method of calculating the finance cost:
Result
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 8,500
SAR 2,000
SAR 102,000
method
The method of calculating the finance cost:
Example (2):
Finance Amount
SAR 100,000
Payment Method
Monthly Installments
Payment Period
60 Months
Annual Profit Rate
8%
method
The method of calculating the finance cost:
Result
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 2,337
SAR 40,235
SAR 140,235
method
The method of calculating the finance cost:
Example (3):
Finance Amount
SAR 100,000
Payment Method
Monthly Installments
Payment Period
36 Months
Annual Profit Rate
7%
method
The method of calculating the finance cost:
Result
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 3,369
SAR 21,292
SAR 121,292
Need help?
Riyad Line:
800 124 2225
