Online Personal Finance

Riyad Bank enables you to apply online for Personal Finance, Refinance or Additional Finance through Riyad Online by Digital signature solution, with competitive profit margin, without the need to visit the branch, and in few steps.

Features:

Sharia compliant
Competitive profit margin
E-promissory note will be issued by Nafith
Easy and convenient requirements
Financing period up to 60 months
Possibility of financing pensioners up to the age of 70
Customer should pay at least 20% of his/her existing finance to be able to apply for Refinance
With salary transfer, outstanding balance will be waived in case of death

To get your personal finance through Riyad Online:

Log in to Riyad Online
Click on “Apply for Products” from the main list
Click on “Personal Finance – Tawarruq”
Complete all required information
Click on “Submit Loan Request”
Once your request is approved, you will receive an SMS on your mobile from Nafith platform to approve the issuance of the promissory note

Example:

Finance Amount (SAR)

*Annual Percentage Rate (APR)

Maturity In Years

Monthly Repayment Amount (SAR)

50,000

2.92%

885.42

*APR is approximate and it differs based on criteria and customer segments

*Terms and conditions apply

A first-of-its-kind service in the Kingdom from Riyad Bank that enables customers to get a personal finance approval in seconds through Riyad Online or Riyad Mobile.

How to Get your Online Personal Finance through Riyad Mobile:

Log into Riyad Mobile
Click on “Apply Online” from the main menu
Click on “ Apply online for Personal Finance”
Complete all required information
Select the amount and duration of funding required
Acceptance of Terms & Conditions
Attach required documents
Approval of the application by registering the authentication code sent on the mobile number
After the approval of the application, a text message will be sent from nafith platform on the mobile number to be approved to create the bond
Funding is done

Apply Now

How to Get your Online Personal Finance through Riyad Online:

Log into Riyad Online
Click on “Apply Online” from the main menu
Click “Personal Finance – Tawarruq”
Complete all required information
Select the amount and duration of funding required
Acceptance of Terms & Conditions
Attach required documents
Approval of the application by registering the authentication code sent on the mobile number
After the approval of the application, a text message will be sent from nafith platform on the mobile number to be approved to create the bond
Funding is done