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 2000
  • Period of service is not required

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 God forbid)
  • Instant initial approval

Personal Finance Program for military sector:


Conditions:

  • Should be 18 years and above
  • Minimum net salary of SAR 2000
  • 12-months service period for those whose salary is between SAR (2000 – 4999)
  • No service period is required for those whose salary is SAR (5000) and above
  • Retirement age for military ranks must be considered

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 God 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 5000 and above
  • 3-months service period for those whose salary is between SAR (5000 - 7999)
  • 1-month service period for those whose salary is above SAR 8000
  • 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 God 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 5000
  • 3-months service period for those whose salary is between SAR (5000 – 14999)
  • 1-month service period for those whose salary is SAR (15000) and above

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 God forbid)
  • Instant initial approval
  • Repayment period is up to 60 months

Personal finance program for employees of non-approved companies list:


Conditions:

  • Should be 18 years and above
  • Minimum net salary of SAR 8000
  • Minimum period of service is 6 months
  • Salary transfer to Riyad Bank through SARIE system
  • A letter from employer confirming the salary assignment to Riyad Bank

Features:

  • Finance of up to SAR 300,000
  • 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 God forbid)
  • Instant initial approval
Credit Cards

Credit Cards

Distinct set of credit cards with innovative banking solutions to meet unique lifestyle.
Ijarah Car Lease

Ijarah Car Lease

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.