Supply Chain Financing
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Supply Chain Financing
Finance
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Riyad Bank offers SMEs Islamic Supply-Chain Financing program that supports SMEs in their operational and financing needs with a repayment manner that matches business needs.
Conditions:
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Meeting the minimum credit/risk acceptance criteria of Riyad Bank
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Minimum business age is one year, and have a permanent location/outlet
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Presenting a bank account statement of one year
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Presenting future cash flow reflecting the expected financial impact of the expansion plan
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Terms and conditions apply
Rates & Fees:
Product
Annual Percentage Rate (APR)
Administrative fees
Administrative Fees Min or Max Limit
Supply Chain Finance
2% to 15%
0% to 5%
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* 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.
The method of calculating the finance cost:
Example (1):Title 1
Title 2
Finance Amount
SAR 100,000
Payment Method
Monthly Installments
Payment Period
12 Months
Annual Profit Rate
2%
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 8,500
SAR 2,000
SAR 102,000
Example (2):
Title 1
Title 2
Finance Amount
SAR 100,000
Payment Method
Quarterly Installments
Payment Period
12 Months
Annual Profit Rate
6%
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 8,609
SAR 3,311
SAR 103,311
Example (3):
Title 1
Title 2
Finance Amount
SAR 100,000
Payment Method
One Payment
Payment Period
12 Months
Annual Profit Rate
15%
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 115,000
SAR 15,000
SAR 115,000
Credit Faciliation
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