| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Riyad Bank - Tawarruq
|
Minimum Salary: SAR 3,000 | Salary Transfer: No | Islamic Finance: Yes | Maximum Term: 5 Years | Flat Rate: 1.32% | Reducing Rate: 2.58% |
Riyad Bank offers you a 0% admission fee for Personal Loan
- Sharia compliant
- Competitive profit margin
- Credit Counseling
- Your additional income is included in the Murabaha program
- Murabaha:
Riyad Bank offers you a Murabaha Shares Finance to provide you with direct liquidity as well as the ability to own the shares.
- Tawarruq:
Tawarruq financing is designed to provide you with funds when needed with competitive profit margins in a very easy and flexible way.
- Personal Finance without Salary Transfer:
A Shari’a compliant personal finance without salary transfers. We offer you easy and convenient finance to achieve your goals without the need to transfer your salary to Riyad Bank.
- Education Finance:
With Education Finance program from Riyad Bank, you can create an installment plan for tuition fees without a profit margin.
- DAFA’AT Program:
Riyad Bank introduces “DAFA’AT” Program, which enable customers to obtain products and services through Personal Finance product without administrative fees or profit margin.
- Tas’heel Program
This program enables Riyad Bank customers to apply for a salary advance as maximum not exceeding 25% of the monthly customer salary deposited at Riyad Bank.
- Unify Your Liabilities Program:
Riyad Bank offers customers a program to unify their current financial liabilities in other banks and companies to unify them into a single installment plan
- Self-Employed Personal Finance Program:
Riyad Bank offers its self-employed customers a program for personal finance without salary transfer.
- Approved by Riyad Bank’s Shari’a Committee.
- Pensioners can benefit from a special package that allows repayment till the age of 70
- For salary transfer financing, all outstanding balance will be waived in case of customer’s death (may God forbid)
- For Saudis
- For non-Saudis
- For pensioners
- For trainees of military sectors and large corporations
- “Unify your commitments” Program
- Should be 18 years and above
- Minimum net salary should be SAR 3000
- Period of service is not required
- Should be 22 years and above
- Minimum net salary of SAR 5,000
- 3-months service period for those whose salary is between SAR (5000 – 14,999)
- Period of service is not required for those whose salary is above SAR (15,000)
- Finance amount up to SAR 300,000
- Finance amount is granted to the customer based on the employment contract period or end of service allowance
- The debit to income must not exceed 25% of the salary
- Salary must be transferred to Riyad bank
- Minimum net salary of SAR 2000
- The customer must not exceed 70 years at the last installment date
