The Rates of Financing Products

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