Features:
• Compatible with the provisions of Islamic Sharia.
• Easy and fast procedures.
• Flexible repayment period starting from 6 months up to 36 months (as per the agreement with the entity).
• Exemption of heirs from the amounts due in the event of death (God forbid).
• No margin and no administration fee.
Riyad Bank - Education Finance :
Flat Rate
Minimum Salary
SAR 5,000
Monthly Payment
Salary Transfer
No
Documents required:
• The merchant has to fill the form with the customer information.
• The Customer must deliver the form to any of Riyad Bank branches.
• The customer should be eligible according to Personal Finance program policies.
• Once the customer request have been approved, the customer will receive the approved copy to deliver it to the entity.
Eligibility:
• Customer’s age must be 18 years or above for Saudis and 22 years or above for non-Saudis.
• The customer must be from the government / military / semi-governmental sector / or from the companies approved by Riyad bank from the private sector, in addition to retired customers.