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Payroll Lending for Corporate

Riyad Bank provides you with Payroll Financing which provides Small and Medium enterprises with annual sales ranging from 3 to 200 million, a payroll finance up 10 million SAR with facilitating installments plan, to promote their market competitiveness and help them to attract and retaining national talents.

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  • Financing up to 10 million SAR
  • The program includes multiple activities
  • Flexible payment plans
  • Competitive rates
Product
Annual Percentage Rate (APR)
Administrative Fees
Administrative Fees Min or Max Limit
Corporate Payroll Financing Program
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):

Title 1
Title 2
Finance Amount
SAR 100,000
Payment Method
One Payment
Payment Period
3 Months
Annual Profit Rate
2%
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 100,480
SAR 480
SAR 101,480
Example (2):
Title 1
Title 2
Finance Amount
SAR 100,000
Payment Method
One Payment
Payment Period
3 Months
Annual Profit Rate
6%
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Icluding Profits
SAR 100,000
SAR 101,480
SAR 1,480
SAR 101,480
Example (3):
Title 1
Title 2
Finance Amount
SAR 100,000
Payment Method
One Payment
Payment Period
3 Months
Annual Profit Rate
15%
Finance Amount
Installment Amount
Total Bank Profit
Finance Amount Including Profits
SAR 100,000
SAR 103,750
SAR 3,750
SAR 103,750

To apply please contact your Relationship manager or fill the below Form

For more information:
Please call 920001816
or through Email: CBDsales@riyadbank.com

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Apply Online - Payroll Lending for Corporate

Riyad Bank provides you with Payroll Financing which provides Small and Medium enterprises with annual sales ranging from 3 to 200 million, a payroll finance up 10 million SAR with facilitating installments plan, to promote their market competitiveness and help them to attract and retaining national talents.

Please complete the form below

Type Six Apply Now


A representative from Riyad Bank will contact you to complete your request.
Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from here


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Existing or New Riyad Bank Client
Company Identification Type
Company identification number should start with 7
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EEU / Lending products
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FILE NAME
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Account Type
Account Currency
Account Language
Is this account for the main entity or for one of the entity branches?
Purpose Of Account
How to Use the Account
Type Of Relationship
Politically Exposed Person (PEP) or/and related to a Politically Exposed Person (PEP)
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Branches Location 1
Branches Location 2
Branches Location 3
Branches Location 4
Branches Location 5

Terminal Type
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  • Mada transactions : if the TXN < 100 SAR the fee will be 0.70%, If the TXN >= 100 SAR the fee will be 0.80 % Cap 160 SAR.
  • Visa , MasterCard , UPI transactions : 2.50%
  • GCCNet transactions : 1.50% Cap 80 SAR
Services
Please select service type
Cardholder information
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FILE NAME
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  • Card fees = 100 SR
  • Service monthly fee = 50 SR
  • Reissue of PIN = 15 SR
Service Details
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FILE NAME
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  • Set up fees = 10000 SR
  • Monthly Maintenance fees = 500 SR
  • Fee per user = 100 SR
  • Fee per transaction = 2 SR
  • Visa/Mastercard Service Charge = 4.25%
  • Refund Fee = 3 SR
  • Charge Back Fee = Free of Charge
  • Fail Transaction Fee = Free of Charge
Service Details
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Type of Authorization
Type of authorization is required
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FILE NAME
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  • Card fees = 100 SR
  • Service charges for each transfer:
    • Riyad Bank Accounts = 0
    • Local Bank Accounts = 7 SAR
    • Global Bank Accounts = 80 SAR
  • Services charges per MyPay card
    • Recurring fees (Monthly) = 0
    • Reissue of card = 50 SAR
    • Iqama verification fee
Purpose of payment
Purpose of payment is required
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FILE NAME
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  • Service setup fees = 5000 SR
  • Service charges for each transfer:
    • Local Bank Accounts = 7 SAR
      • Same Day fees = 7 SR
      • Future day fees = 5 SR
  • Global Bank Accounts = 80 SAR
Authorization
Delivery Destination
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FILE NAME
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  • Card issue = 1000 SAR
  • Annual fee = 300 SAR

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