Revolving Limit Loan

 Revolving Limit 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] with a revolving Credit limit that is re-initiated and set once the entire loan part has been paid.

Loan Purpose: to fulfilling short-term financing needs & to cover the business operating expenses of Micro, Small, and medium enterprises with flexible loan withdrawals within the pre-approved credit limit.

Main Features

•    All industries are inclusive

•    Financing up to 8 million SAR
•    Financing tenor up to 12 months
•    Minimum of 1 year for Active CR
 

* Terms and conditions apply 
 

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