Features:
• Sharia compliant.
• Possibility of financing pensioners up to the age of 72.
• With salary transfer, outstanding balance will be waived in case of death.
Riyad Bank - Murabaha :
Flat Rate
6.97%
Minimum Salary
SAR 3,000
Monthly Payment
0 SAR
Salary Transfer
Yes
Requirements:
• Completed application for Murabaha Financing.
• Salary certificate.
• Salary transfer letter from the employer.
Documents required:
• Salary certificate from the employer specifying salary details, current position, and number of years in service.
• Salary assignment letter through “SARE” indorsed by the employer.
• Copy of valid national identification card/Iqama.
Eligibility:
Applicant should be 18 years old or more.