Supply Chain Financing

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:

  • 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
  • Presenting future cash flow reflecting the expected financial impact of the expansion plan
  • 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% -

* 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):

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):

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):

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

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