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Personal Finance Programs for Non-Saudis

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Personal Finance Program for Employees in the Governmental Sector:


Conditions:

  • Should be 22 years and above
  • Minimum net salary of SAR 5,000
  • 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:

  • Approved by Riyad Bank’s Sharia Committee
  • Competitive profit margin rates
  • Instant initial approval
     

Personal Finance Program for Large Corporations Employees:

 

Conditions:

  • Should be 22 years and above
  • Minimum net salary of SAR 5,000
  • 3 months service period for those whose salary is between SAR 5,000 to SAR 14,999
  • Period of service is not required for those whose salary is above SAR 15,000
  • Finance amount up to SAR 300,000
  • Salary transfer to Riyad Bank through SARIE system
  • Finance amount is granted to the customer based on the employment contract period or end of service allowance

Features:

  • Approved by Riyad Bank’s Sharia Committee
  • Competitive profit margin rates
  • Instant initial approval
     

Personal Finance Program for Private Sector and Large Corporations Employees:

 

Conditions:

  • Should be 22 years and above
  • Minimum net salary of SAR 8,000
  • 6 months service period for those whose salary is between SAR 8,000 to SAR 14,999
  • 3-months service period for those whose salary is above SAR 15,000
  • Finance amount up to SAR 300,000
  • Salary transfer to Riyad Bank through SARIE system
  • Finance amount is granted to the customer based on the employment contract period or end of service allowance

Features:

  • Approved by Riyad Bank’s Sharia Committee
  • Competitive profit margin rates
  • Instant initial approval
     

Personal Finance Program for Professionals:

 

Riyad Bank provides finance solutions for Non Saudi professionals such as executive managers, engineers, lawyers, pharmacists and health specialists.

Conditions:

  • Minimum period of service of 6 months
  • Minimum net salary of SAR 8,000
  • Salary transfer to Riyad Bank through SARIE system
  • A letter from employer confirming the salary assignment to Riyad Bank

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