PROGRAM PARTNERS
Education Finance
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Education Finance
Riyad Bank provides the educational fee installment service with educational institutions through personal finance product with zero admin fee and zero profit margin.
overview
Overview
The Education Finance program is considered to be a form of personal finance, therefore you must take into consideration that the maximum DBR should not exceed 33.33% of the client’s net monthly income.
- Compatible with the provisions of Islamic Sharia
- Easy and fast procedures
- Flexible repayment period starting from 6 months up to 36 months (as per the agreement with the entity)
- Exemption of heirs from the amounts due in the event of death (God forbid)
- No margin and no administration fee
For Personal Finance APR disclosure, click here
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Terms and Conditions
Terms and Conditions
- Available for eligible customers for personal financing (new financing or additional financing)
- Customer’s age must be 18 years or above for Saudis and 22 years or above for non-Saudis
- the minimum salary transfer is S..R 5,000 if the financing amount is greater then S..R 50,000
- The customer must be from the government / military / semi-governmental sector / or from the companies approved by Riyad bank from the private sector, in addition to retired customers
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Al Yusr International School
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Kindergarten and Private Schools
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Gulf International School
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
AlAsala
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Alkhaleej Training and Educational Co
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Alkhaleej private Colleges
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Medical colleges
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
King Saud University
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
The Institute of Risk & Resilience
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Nameer
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Mishkat Al-Elm International School
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Elite Women's Higher Training Institute
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
High Managerial Aptitude Institute For Training
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
Resalet AlHuda International Schools
Riyad Bank Provides the educational fee installment service with educational institution through personal finance product with zero admin fee and zero profit margin.
How to Apply
How to Apply
Visit your nearest Riyad Bank branch with the following documents:
- The merchant has to fill the form with the customer information
- The Customer must deliver the form to any of Riyad Bank branches
- The customer should be eligible according to Personal Finance program policies
- Once the customer request have been approved, the customer will receive the approved copy to deliver it to the entity
For more information please call our toll free number 800-124-2020.
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Apply Online - Education Finance
Riyad Bank provides the educational fee installment service with educational institutions through personal finance product with zero admin fee and zero profit margin.
Please complete the form below
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Riyad Line:
800 124 2225
