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.


Feature:

  • Financing up to 10 million SAR
  • The program includes multiple activities
  • Flexible payment plans
  • Competitive rates

Rates & Fees:

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):

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 100,480

Example (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 including Profits
SAR 100,000 SAR 101,480 SAR 1,480 SAR 101,480/td>

Example (3):

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