Saudi Orix Leasing Co. joins Nusaned strategic partnership to provide financing services to support industrial investments
Purpose of Finance: Support industrial investments by providing asset financing services for the opportunities listed under Nusaned™ initiative, the closed-end lease system, with a view to increasing the finance rate in the local market to contribute to and boost the national economy.
- Administrative fees 50% less than the administrative fees usually charged by Orix in the local market.
- Fixed profit rate for Nusaned investors throughout the term of finance, according to the investor’s needs.
- Waive all remaining profits in case of early repayment and when payments are made in a timely manner without delay.
- Possibility of engaging "Kafalah program" to support finance process.
Grace Period: The investor may be granted a grace period after the finance is approved according to the type of investment and its contribution to the national economy.
Approval period: Fast-track finance approval once Nusaned's recommendation is made
Profit rate: The annual profit rate specified by Orix to Nusaned investors is less than the market interest rate up to 30% (and a minimum of 20%).
Orix Vs other financers
- Reduced risks with Orix through asset financing.
- Faster financing procedures compared to other financers.
- Orix is the best choice for any investor who/which reaches the maximum credit limit of SIMAH.
- Orix shares the risk.