6. Disclosure Tables for Micro and Small Enterprises
| No: 41068291 | Date(g): 22/7/2020 | Date(h): 2/12/1441 |
Effective from 2020-08-06 - Aug 05 2020
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a) Financing Products
(On balance sheet products for micro and small enterprises, such as loans, should be disclosed, and there is no need to disclose off balance sheet products)
Example: Loan types for small enterprises
| Product | APR* | Administrative Fees | Minimum (or) Maximum Administrative Fees |
| Short term loan | 4% to 6% | 2% to 3% | SAR 1000 |
| Medium term loan | 3% to 5% | 1% to 2% | SAR 1000 |
*The above table is just an example and APR may differ depending on the amount the maturity period, and the credit scoring of each customer.
b) Savings Products
Example: 2 years fixed deposits
| Minimum Deposit Amount | Maturity in Years | AER | Number of Withdrawals Permitted in the 1st Year | Number of Withdrawals Permitted in the 2nd Year |
| 20,000 | 2 years | 1.5% | 0 | 2 |