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% |
- |
* 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 |
Please fill the application and our team will contact you.