Your Personal Finance without visiting the branch

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:

  1. Log in to Riyad Online
  2. Click on “Apply Online” from the main list
  3. Click on “Personal Finance – Tawarruq”
  4. Complete all required information
  5. Click on “Submit Loan Request”
  6. 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% 5 885.42

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


*Terms and conditions apply