Propel your business forward with " Mazaya" Finance for Small to Medium Enterprises by QIIB

Give your business a boost for further progress and success through " Mazaya" Finance by QIIB.

Key Benefits:

  • Business financing up to 500,000QR
  • Competitive Profit Rate
  • Repayment period of up to 5 years
  • Grace period of up to 3 months
  • Financing does not require any collaterals; however, it relies on the assessment of the cash flow in the client's account.

 

Determinants and general conditions of the product:


Determine the amount of funding is based on the following:

  • movement of the company's account and the average monthly account balance during the year
  • maximum funding of 20% of the total deposits during the year or 500 thousand riyals, whichever is less.
  • average monthly balance of the premium required to cover the expense of not less than 200%
  • for companies that deal with other banks are discounted existing commitments by those banks of the maximum funding of 500 thousand riyals (plus the value of the funding granted to him based party other banks no more than 500 thousand riyals)
  • Report Qatar Center for credit information about the company and the partners does not include any negative indicators and without any unpaid cheque for the last 12 months
  • exception is available for companies that have audited financial statements of the above limits, according to the results of the financial analysis and based on the fundamentals of banking accepted

 

For more information, please call 44840088