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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

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