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Features
Features
  • Sharia compliant
  • Competitive profit margin
  • E-promissory note will be issued by Nafith
  • Easy and convenient requirements
  • Financing period up to 60 months
  • Possibility of financing pensioners up to the age of 75
  • Customer should pay at least 20% of his/her existing finance to be able to apply for Refinance
  • With salary transfer, outstanding balance will be waived in case of death
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Get your personal finance
To get your personal finance through Riyad Online:
     
01
 
02
Click on “Apply for Products” from the main list
    
03
Click “Personal Finance – Tawarruq”
            
04
Complete all required information
    
05
Click on “Submit Loan Request”
       
06
Once your request is approved, you will receive an SMS on your mobile from Nafith platform to approve the issuance of the promissory note
            
Example
Example

*APR is approximate and it differs based on criteria and customer segments

*Terms and conditions apply
 

A first-of-its-kind service in the Kingdom from Riyad Bank that enables customers to get a personal finance approval in seconds through Riyad Online or Riyad Mobile.

Finance Amount 
*Annual Percentage Rate (APR)
Maturity In Years
Monthly Repayment Amount 
50,000 S..R
2.92%
5
885.42 S..R
Riyad mobile
How to get your Online Personal Finance through Riyad Mobile:
     
01
Log into Riyad Mobile
 
02
Click on “Apply Online” from the main menu
    
03
Click on “ Apply online for Personal Finance”
            
04
Complete all required information
    
05
Select the amount and duration of funding required
       
06
Acceptance of Terms & Conditions
            
07
Attach required documents
               
08
Approval of the application by registering the authentication code sent on the mobile number
     
09
After the approval of the application, a text message will be sent from nafith platform on the mobile number to be approved to create the bond
      
010
Funding is done
         
Riyad online
How to get your Online Personal Finance through Riyad Online:
     
01
 
02
Click on “Apply Online” from the main menu
    
03
Click “Personal Finance – Tawarruq”
            
04
Complete all required information
    
05
Select the amount and duration of funding required
       
06
Acceptance of Terms & Conditions
            
07
Attach required documents
               
08
Approval of the application by registering the authentication code sent on the mobile number
     
09
After the approval of the application, a text message will be sent from nafith platform on the mobile number to be approved to create the bond
      
010
Funding is done
         
Terms and Conditions
Terms and Conditions
  • Applicable to Saudi & Non-Saudi customers who are eligible for Personal Loan
  • 18 years minimum age for Saudi’s and 22 years for Non-Saudi’s
  • To be registered in Riyad Mobile
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Need help?
Riyad Line: 800 124 2225
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