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Governmental Sector Employees
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
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Military Sector
Personal Finance 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
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Large Corporations Employees
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
Read more
Private Sector Employees
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
Read more
Employees of Non-Approved Companies
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 8,000
- 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
Read more
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Riyad Line:
800 124 2225
