30% discount on Tasheel fees for a limited time!

This program enables Riyad Bank customers to apply for a salary advance not exceeding 25% of the monthly customer salary deposited at Riyad Bank, after applying the conditions of the service application. The salary advance amount, which is 350 SAR, must be fixed throughout the period of the annual subscription.

Features:

  • Sharia- compliant
  • Instant approval

An example:

  • The customer salary is SAR 8,000
  • The salary advance is SAR 2,000

“Ahmed” estimated salary is SAR 8000 and in 20th of each month he has zero money in his account, so he decided to go with “Tasheel” with SAR 500 for one payment to use the advance salary for 12 months, his request is agreed on SAR 2000. In 21th of the month he used SAR 2000 to pay the bills and in 25th Ahmed’s salary is been deposit and the system deducted SAR 2000 (which is the advance salary Ahmed took in 21th of the month), now Ahmed can benefit from Tasheel next month.

Conditions:

  • The age must not be less than 18 years old for SaudisThe age must not be less than 22 years old for non-Saudis
  • The net salary must not be less than SAR 8,000
  • The customer must be employed at the government, semi-governmental sector or the private sector companies approved or non-approved by the bank
  • The beneficiary must be from Riyad Bank payroll customers
  • The advance amount as maximum is not exceeding 25% of the net salary, as the maximum amount of the advance is SAR 10,000
  • The service fees for subscription is SAR 500 paid only once upon subscription in which the service is valid for a year (12 months), provided that the subscription fees are not refundable
  • The customer must not obtain any other financing product at Riyad Bank (personal finance, home finance, or auto-leasing) when applying for this service, but such customer should request to suspend this service if he/she desires to obtain any of these products

Apply now through Riyad Online

Offer is valid until 30/10/2019

Terms and Conditions apply