Financing and savings products for enterprises

Financing And Savings Products For Enterprises

Last update in 6/9/2022

The Annual Percentage Rate (APR):

It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.

Asset Type APR* Management fees Minimum or Maximum Management fees
Fleet Finance 8% - 10% Flat Rate* 1% "Not applicable depended of finance amount"

Illustration 1: ARB customers

Asset Type Loan/Finance Amount Maturity in Years Down Payment APR Monthly Repayment Amount
Car 200,000 SAR 3 Years 0% 15.56% 6,889SAR

Illustration 2: Non ARB customers

Asset Type Loan/Finance Amount Maturity in Years Down Payment APR Monthly Repayment Amount
Car 200,000SAR 3 Years 0% 17.51% 7,055SAR

Illustration 3: Rent A Car Businesses ARB customers

Asset Type Loan/Finance Amount Maturity in Years Down Payment APR Monthly Repayment Amount
Car 200,000SAR 3 Years 0% 17.51% 7,055SAR

Illustration 4: Rent A Car Businesses Non ARB customers

Asset Type Loan/Finance Amount Maturity in Years Down Payment APR Monthly Repayment Amount
Car 200,000SAR 3 Years 0% 19.47% 7,222SAR

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

Asset Type APR* Management fees Minimum or Maximum Management fees
POS Finance for Micro and Small Businesses 5% up to 7% Flat Rate 2% up to 4% "Not applicable depended of finance amount"

Illustration 1:

Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount
POS Finance for Micro and Small Businesses 300,000 SAR 3 Years 16.89%% 10,084SAR

Illustration 2:

Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount
POS Finance for Micro and Small Businesses 2,500,000SAR 3 Years 14.03% 81,942SAR

Illustration 3:

Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount
POS Finance for Micro and Small Businesses 7,500,000SAR 5 Years 10.50%% 156,250 SAR

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

*APR may differ depending on the amount, management fees, and the maturity period different from above and subject to each customer.

*Any information or rates mentioned are for example only. All product and service delivery is subject to the credit policies of Al Rajhi Bank.

Finance Amount:

The contract stipulates the amount of financing you will receive in addition to the period of repayment of the installments, stating their value and the maturity date of these installments. The data also include the cost of obtaining funding in terms of knowing the fixed term cost rate and management fees.

Maturity In Years:

The duration of the contract agreed upon between the parties, which shall indicate the date and expiry of the contract with the parties' with the terms of the contract

Monthly repayment amount:

These payments are recognized in the contract, and the lessee is obliged to pay them on the due dates. The contract shall also include a schedule of repayment installments, in which the value of the asset's rent and the value of the right of ownership shall be shown separately, provided that the premium for any period shall not be less than the principal's rent for that period in the contract.

The Annual Percentage Rate (APR) for POS Finance:

*APR may differ depending on the amount, management fees, and the maturity period different from above and subject to each customer.

*Any information or rates mentioned are for example only. All product and service delivery is subject to the credit policies of Al Rajhi Bank.

Account maintenance fees:

Bank Service Cost
Monthly average balance less than SR 5,000 (SME Accounts) SR 11.5 monthly account maintenance fees VAT inclusive