Example 1: Short-term financing
A client looking for a working capital finance with an amount of SAR 1,000,000 for a period of 10 months, and monthly installments:
Total Facility Amount |
SAR 1,000,000 |
Annual rate |
6% |
Profit amount (Subject of utilizing all limit) |
SAR 50,000 |
Financing Tenor |
10 Months |
Monthly Installment* (Subject of utilizing all limit) |
SAR 105,000 |
Management Fee |
SAR 10,000 |
Note: The above table is just an example, the annual loan rate or administrative fees may differ based on the business sector, required amount, financing period, and credit score for each customer.