Last update 19 September 2020
Working Capital Finance
Trade Finance:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| Working Capital 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 |
Overdraft:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| Working Capital 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.
* Overdraft profit value is calculated on monthly bases, and there are no fixed installments.
Contract Financing:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| Contract Financing |
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 financing cost varies according to the nature and duration of the contract / funded project.
The method of calculating the finance cost:
Example (1):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Monthly Installments |
| Payment Period/td> |
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 |
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 |
Example (3):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Quarterly Payment |
| Payment Period |
36 Months |
| Annual Profit Rate |
8.5% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 10,458 |
SAR 25,500 |
SAR 125,500 |
Capital Expenditure Finance:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| Capital Expenditure 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 |
Monthly Installments |
| Payment Period |
60 Months |
| Annual Profit Rate |
8% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 2,337 |
SAR 40,235 |
SAR 140,235 |
Example (3):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Monthly installments |
| Payment Period |
36 Months |
| Annual Profit Rate |
7% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 3,369 |
SAR 21,292 |
SAR 1121,292 |
POS Financing Program:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| POS 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 |
Monthly Installments |
| Payment Period |
6 Months |
| Annual Profit Rate |
2% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 16,765 |
SAR 588 |
SAR 100,588 |
Example (2):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Monthly Installments |
| Payment Period |
6 Months |
| Annual Profit Rate |
13% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 17,318 |
SAR 3,905 |
SAR 103,905 |
Example (3):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Monthly installments |
| Payment Period |
6 Months |
| Annual Profit Rate |
15% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 17,419 |
SAR 4,512 |
SAR 104,512 |
Corporate Payroll Financing Program:
| 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 |
Monshaat:
Islamic credit facilities program - Short term:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| Islamic credit facilities program - Short term |
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 |
Capital Expansion Financing Program- Medium-term:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| Capital Expansion Financing Program- Medium-term |
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 |
Monthly Installments |
| Payment Period |
60 Months |
| Annual Profit Rate |
8% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 2,337 |
SAR 40,235 |
SAR 140,235 |
Example (3):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Monthly Installments |
| Payment Period |
36 Months |
| Annual Profit Rate |
7% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 3,369 |
SAR 21,292 |
SAR 121,292 |
POS Financing Program - Short-term:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| POS Financing Program - Short-term |
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 |
6 Months |
| Annual Profit Rate |
2% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 16,765 |
SAR 588 |
SAR 100,588 |
Example (2):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Monthly Installments |
| Payment Period |
6 Months |
| Annual Profit Rate |
13% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 17,318 |
SAR 3,905 |
SAR 103,905 |
Example (3):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Monthly Installments |
| Payment Period |
6 Months |
| Annual Profit Rate |
15% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 17,419 |
SAR 4,512 |
SAR 104,512 |
Islamic credit facilities program for Start-Ups:
| Product |
Annual Percentage Rate (APR) |
Administrative fees |
Administrative fees Min or Max Limit |
| Islamic credit facilities program for Start-Ups |
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 |
Monthly Installments |
| Payment Period |
60 Months |
| Annual Profit Rate |
8% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 2,337 |
SAR 40,235 |
SAR 140,235 |
Example (3):
| Finance Amount |
SAR 100,000 |
| Payment Method |
Monthly Installments |
| Payment Period |
36 Months |
| Annual Profit Rate |
7% |
| Finance Amount |
Installment Amount |
Total Bank Profit |
Finance Amount including Profits |
| SAR 100,000 |
SAR 3,369 |
SAR 21,292 |
SAR 121,292 |
Supply Chain Finance:
| 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 |
Business Banking Credit Card (Nomwo):
| Primary Card Annual Fees |
SAR 200 |
| Monthly-term Cost |
1.75% |
| Annual percentage rate |
21% |
| Primary/ Additional Card Annual Fees |
Free |
| Statement Date |
Monthly |
| Minimum limit required to be paid monthly for the Primary Card |
200 or 5%, whichever is higher |
| Cash Withdrawal fees |
SAR 75 for each withdrawal less than SAR 5000 , and SAR 300 or 3%, whichever is less, for every withdrawal exceeding SAR 5,000 |
| Late Payment Fees |
SAR 100 |
| Additional fees for non-Riyal Saudi transactions |
2.75% |
| Dynamic Commission Fees |
1.5% |
| Additional Card Annual Fees |
Free |
| Card Reactivating Fees |
No Fees- Traditional Card |
| Replacement Card Fees |
50 ريال |
| Credit Shield (optional) |
0.49% |
| Dispute Process |
SAR 50 |
| Administrative Fees |
- |
| Settlement Date |
Due Date the 20th of each month |
* Dynamic Transfer Commission (1.5%) only applies if the customer has chosen to pay in Saudi Riyals outside the Kingdom of Saudi Arabia. Example:
| International Purchase Amount |
Transaction Currency |
SAR exchange rate |
Amount in SAR |
Merchant Transfer Commission |
Dynamic Transfer Commission |
Transaction Total Amount |
| 100 US Dollars |
SAR |
3.77 |
377 SAR |
3% |
1.5% |
394.13 SAR |
** The transfer commission from US Dollar to Saudi Riyal is applied by the merchant (Visa / MasterCard)
Example (1):
Total purchases before issuing the account statement is 100,000 riyals, and the minimum payment (5% or 200 riyals, whichever is higher) was paid:
| Total outstanding due in the statement* |
SAR 100,000 |
| Amount paid on due date |
SAR 5,000 |
| The carried over balance (A) |
SAR 95,000 |
| FC calculation (% 1.75 from the carried over amount) |
SAR 1,662.5 |
| Total outstanding due in the next month’s statement (A)+(B) |
SAR 96,662.5 |
Example (2):
Total purchases before issuing the account statement is 100,000 riyals, and total amount was paid before issuing the account statement:
| Total outstanding due in the statement |
SAR 0,00 |
| Amount paid on due date |
SAR 0,00 |
| The carried over balance (A) |
SAR 0,00 |
| FC calculation (%1.75 from the carried over amount) |
SAR 0,00 |
| Total outstanding due in the next month’s statement (A)+(B) |
SAR 0,00 |
Example (3):
Total purchases before issuing the account statement is 100,000 riyals, and % 50 of the used balance before issuing the Statement was paid:
| Total outstanding due in the statement |
SAR 50,000 |
| Amount paid on due date |
SAR 2,500 |
| The carried over balance (A) |
SAR 47,500 |
| FC calculation (% 1.75 from the carried over amount) |
SAR 831.25 |
| Total outstanding due in the next month’s statement (A)+(B) |
SAR 48,331.25 |