Personal Finance Programs for Saudi Nationals

Personal Finance Program for governmental sector employees:


Conditions:

  • Should be 18 years and above
  • Minimum net salary should be SAR 3,000
  • Period of service is not required
  • Salary transfer to Riyad Bank through SARIE system

Features:

  • Approved by Riyad Bank’s Sharia Committee
  • Competitive profit margin rates
  • Repayment period is up to 60 months
  • For salary transfer financing, all outstanding balance will be waived in case of customer’s death (May Allah forbid)
  • Instant initial approval

Personal Finance Program for military sector:


Conditions:

  • Should be 18 years and above.
  • Minimum net salary of SAR 3,000
  • 12-months service period for those whose salary is between SAR 3,000 to SAR 3,999
  • No service period is required for those whose salary is SAR 4,000 and above
  • Retirement age for military ranks will be taken in account before approval
  • Salary transfer to Riyad Bank through SARIE system

Features:

  • Approved by Riyad Bank’s Sharia Committee
  • Competitive profit margin rates
  • For salary transfer financing, all outstanding balance will be waived in case of customer’s death (May Allah forbid)
  • Repayment period is up to 60 months
  • Instant initial approval

Personal Finance Program for large corporations employees:


Conditions:

  • Should be 18 years and above
  • Minimum net salary of SAR 5,000 and above
  • 3-months service period for those whose salary is between SAR 5,000 to SAR 7,999
  • 1 month service period for those whose salary is above SAR 8,000
  • A letter from employer confirming the salary assignment to Riyad Bank

Features:

  • Approved by Riyad Bank’s Sharia Committee
  • Competitive profit margin rates
  • For salary transfer financing, all outstanding balance will be waived in case of customer’s death (May Allah forbid)
  • Instant initial approval
  • Repayment period is up to 60 months

Personal Finance Program for private sector employees:


Conditions:

  • Should be 18 years and above
  • Minimum net salary of SAR 5,000 and above
  • 3-months service period for those whose salary is between SAR 5,000 to SAR 7,999
  • 1 month service period for those whose salary is above SAR 8,000
  • A letter from employer confirming the salary assignment to Riyad Bank

Features:

  • Approved by Riyad Bank’s Sharia Committee
  • Competitive profit margin rates
  • For salary transfer financing, all outstanding balance will be waived in case of customer’s death (May Allah forbid)
  • Instant initial approval
  • Repayment period is up to 60 months

Personal Finance program for employees of non-approved companies:


Conditions:

  • An approved company is not required
  • Must be a Saudi National
  • Should be 18 years and above
  • Minimum net salary of SAR 10,000
  • Minimum period of service is 6 months
  • Salary transfer to Riyad Bank through SARIE system
  • Salary certificate letter certified by the Chamber of Commerce
  • A letter from employer confirming the salary assignment to Riyad Bank
  • Wages and contribution periods certificate from GOSI

Features:

  • Finance of up to SAR 500,000
  • Repayment period is up to 60 months
  • Approved by Riyad Bank’s Sharia Committee
  • Competitive profit margin rates
  • For salary transfer financing, all outstanding balance will be waived in case of customer’s death (May Allah forbid)
  • Instant initial approval
Credit Cards

Credit Cards

Distinct set of credit cards with innovative banking solutions to meet unique lifestyle.
Auto Leasing

Auto Leasing

Owning a vehicle without having to pay the full amount upfront. Riyad Bank’s Auto Leasing program allows you to conveniently own a car of your choice.
Home Finance

Home Finance

Owning or building your dream home does not have to be your biggest concern. Our mortgage advisors will guide to choose the type of finance that would better meet your requirement.