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Tawarruq

Funding your personal needs and aspirations instantly.
Riyad Bank’s Tawarruq financing is designed to provide you with funds when needed with competitive profit margins in a very easy and flexible way.

  • Shari’a compliant
  • Special packages for Saudis & Residents
  • Balance transfer from other banks
  • Easy and quick processing
  • Competitive profit margin rates
  • Your additional income is included in the Tawarruq program
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More Information

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

Tawarruq is a sharia compliant finance method, with which you can raise loan finance through buying installments in a local commodity, owned by the Bank. The applicant then authorizes whom he see's to sell his shares in the commodity according to the form approved from the sharia’a committee. Then the agent deposits the proceeds into his account.

  • 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)
 

For Personal Finance APR disclosure, click here

 

For Saudis
For non-Saudis
For Pensioners
For Trainees in the Military Sectors and Large Corporations

All you need to do is visit your nearest Riyad Bank branch with the following documents:

  • Completed application for Tawarruq Financing
  • Salary certificate
  • Salary transfer letter from the employer

Riyad Bank customers can also apply for Personal Finance through Riyad Online or Riyad Mobile. Click here to know more

For more information please call our toll free number 800-124-2020.

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Apply Online - Tawarruq

 Funding your personal needs and aspirations instantly.
Riyad Bank’s Tawarruq financing is designed to provide you with funds when needed with competitive profit margins in a very easy and flexible way.

Type Two Apply Now

Thank you for applying. Your Reference Number is

A representative from Riyad Bank will contact you to complete your request.
Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from here

Employment Eligibility Personal Information
Our apologies. With the provided information, you are not eligible for a personal loan
The Salary Out Of The Program
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Date of birth required
Age must be greater than 18
Age must be greater than 22
Age must be under 52
Age must be under 60
Age must be under 70

MONTHLY INSTALLMENT

SAR

Total Eligible Amount

 SAR

Total Repay

 SAR

Finance Period (months)

 Month

* All amounts are in SAR
* Please note that these are simulated amounts and they represent an approximation and not the exact numbers.
What's after applying online?

Visit your nearest Riyad Bank branch with the following documents:

  • Salary certificate
  • Salary transfer letter from the employer
  • Copy of valid Saudi national ID / resident Identity card

For more information please call our toll free number 800-124-2020

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