Features:
• Approved by Riyad Bank’s Shari’a Committee.
• Repayment period up to 5 years.
• Available for Saudis Only (Bank and Bank Subsidiary companies employees).
• Competitive profit margin.
• Flexible payment options.
• Financing amount up to SAR 500,000.
Riyad Bank - Personal Finance without Salary Transfer :
Flat Rate
Minimum Salary
SAR 8,000
Monthly Payment
Salary Transfer
No
Documents required:
• Completed application for “Financing without Salary Transfer”
• Salary certificate
• Copy of valid national identification card/Iqama.
Eligibility:
• Minimum age for Saudis is 23 years
• Personal Finance without Salary Transfer (bank employees only)
• Applicant should be working with the current employer for at least 1 year at the date of applying
• Minimum net monthly income of 10,000 SAR
• Total liabilities in all banks (including Riyad Bank) must not exceed 33% of the salary