Your Personal Finance in Seconds through Riyad Online or Riyad Mobile..

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.

To get your personal finance through Riyad Online:

  1. Log in to Riyad Online
  2. Click “Apply Online” from the main list
  3. Click “Personal Finance – Tawarruq”
  4. Complete all required information
  5. Click “Submit Loan Request”
  6. Once your request is approved, you will receive an SMS on your mobile informing you to visit the nearest branch to submit a salary certificate letter and a salary transfer letter

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To get your personal finance through Riyad Mobile:

  1. Log into Riyad Mobile
  2. Click on “Apply Online” from the main menu
  3. Click on “ Apply online for Personal Finance”
  4. Complete all required information
  5. Click on “Submit”
  6. 6- Once your request is approved, you will receive an SMS on your mobile informing you to visit the nearest branch to submit a salary certificate letter and a salary transfer letter

Terms and conditions:

  • Applicable to Saudi & Non-Saudi customers who are eligible for Personal Loan
  • Once the request is approved, the applicant must visit the nearest branch to submit a salary certificate letter and a salary transfer letter
  • 18 years minimum age for Saudi’s and 22 years for Non-Saudi’s
  • To be registered in Riyad Mobile

An example of finance under the principle of Tawarruq:

A government sector employee with a salary of SAR 10,000 can get finance under the principle of Tawarruq if he/she has no other existing obligations as follows:

  • Financing amount: SAR 100,000 
  • Monthly installment: SAR 1,833
  • Administrative fees (for one time only): SAR 1000
  • Tawarruq fees: SAR 30
  • Annual Percentage Rate: 4.23
  • Financing period: 60 months