Term Loan

Term Loan

Description:

This type of financing is targeting Micro, Small, and medium enterprises [whose annual revenues do not exceed SAR 200 million and the number of employees not exceeding 250].

Loan Purpose: to fulfilling Medium-Term Financing & The purpose of Term Loans is to provide medium-term financing for SMEs, including fixed assets purchases and business expansion.
 

Main Features

●    All sectors inclusive
●    Minimum of 2 years for Active CR
●    Financing up to 15 million SAR
●    Financing tenor up to 36 months
●    Grace period up to 6 months

* Terms and conditions apply 

Other products
Microloan
Microloan
Working Capital Loan
Working Capital Loan
E-Commerce Loan
E-Commerce Loan
 Revolving Limit Loan
Revolving Limit Loan
Credit Card
Credit Card