Personal financing is a tailored program that gives you easy access to cash in a Shari’a compliant manner.

• Approved by Riyad Bank’s Shari’a Committee.
• Possibility of financing pensioners up to the age of 75
• For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
• Administrative fees for personal financing are 0.5% or S..R 2,500, whichever is lower.

For Personal Finance APR disclosure, click here

Saudi Individual Customers

Personal Finance Program for Military Sector Employees

• Minimum age: 18 years.
• Minimum net salary: SAR 5,000.
• Minimum service period: 3 months.
• Retirement age for military ranks must be considered.
• Salary must be deposited with Riyad Bank through the “SARIE” system.
• Granting eligibility is determined based on the credit assessment of each customer.
• The cashback amount will be deposited within 10 business days into the account through which the financing application was submitted.

Personal Finance Program for Major Companies Employees

• Minimum age: 18 years.
• Minimum net salary: SAR 3,000.
• Minimum service period: 1 month.
• Salary transfer letter addressed to Riyad Bank.
• Salary must be deposited with Riyad Bank through the “SARIE” system.
• Granting eligibility is determined based on the credit assessment of each customer.
• The cashback amount will be deposited within 10 business days into the account through which the financing application was submitted.

Personal Finance Program for Private Sector Employees

• Minimum age: 18 years.
• Minimum net salary: SAR 8,000.
• Minimum service period: 3 months.
• Salary transfer letter addressed to Riyad Bank.
• Salary must be deposited with Riyad Bank through the “SARIE” system.
• Granting eligibility is determined based on the credit assessment of each customer.
• The cashback amount will be deposited within 10 business days into the account through which the financing application was submitted.

Personal Finance Program for Employees of Unlisted Employers

• The employer is not required to be listed under the personal finance programs.
• Available for Saudi customers only.
• Minimum age: 18 years.
• Minimum net salary: SAR 15,000.
• Minimum service period: 12 months.
• Salary must be deposited with Riyad Bank through the “SARIE” salary system.
• Recent salary certificate certified by the Chamber of Commerce.
• Salary assignment letter addressed to Riyad Bank.
• GOSI certificate showing subscription periods and wages.
• Granting eligibility is determined based on the credit assessment of each customer.
• The cashback amount will be deposited within 10 business days into the account through which the financing application was submitted.