National Commercial Bank
Support-Targeted Segment: Medium-sized projects with capital exceeding SAR 10m and industrial projects wishing to expand or need to finance working capital (Assets).
Financing Advantages: Obtaining financing benefits mainly depends on the recommendation of Nusaned team.
Grace period: Repayment of the first 6 months may be delayed against financing of the assets Payments are made as per bank policy.
Approval period: Not more than one month if documents are complete and conditions are met. Interest rate: 30% lower than the market price and interest may be fixed, if the client so requests Other advantages:
- Administrative fees will be 25% lower
- Interest can be waived upon early repayment of the loan
- Additional funds may be requested after half term
- The bank shall obtain the guarantee from the Kafalah program
- Finance period is up to five years