Eligibility requirements for Riyad Bank personal funding
☑️ Age 18 or older
☑️ Saudi nationality
☑️ Minimum net salary starting at SAR 3,000
☑️ Salary transfer to Riyad Bank via SARIE system
☑️ Service period: varies by sector and salary level
Required documents
📄 Completed application form
📄 Salary certificate from your employer
📄 Salary assignment letter addressed to Riyad Bank
📄 Valid Saudi national ID or Iqama
📄 For non-approved companies: GOSI record and Chamber-certified salary letter
Approval is subject to Riyad Bank’s internal credit review. Additional documents may be requested if necessary.
How to apply for Riyad Bank personal funding
To begin the Riyad Bank personal funding application, simply access the Riyad Bank website or mobile app and complete the digital form with your ID, salary, and employment details. You’ll receive a preliminary response, and if eligible, you will be asked to visit the nearest branch with all required documents.
The bank then purchases the shares on your behalf. You may opt to keep them or authorize resale, transferring the liquidity to your bank account. If your application is declined, you can reapply once your financial conditions improve or your salary increases.
How to repay your Riyad Bank personal funding installments
Your installments are repaid monthly through automatic deductions from your Riyad Bank salary account. All repayment dates are aligned with your income schedule to help with budgeting.
You can manage your payments using digital channels like Riyad Mobile or Riyad Online, ensuring you stay on track with due dates and avoid late penalties.
Fees and costs
Riyad Murabaha Finance applies a profit margin rate aligned with Riyad Bank’s Shariah Committee approval. APR varies depending on the applicant’s salary, profile, and term. Customers with salary transfer arrangements benefit from a full debt waiver in case of death.
Late payment fees and admin charges follow the official Riyad Bank personal financing terms. These are presented transparently before contract finalization, so there are no hidden charges.
A tip for your wallet
To maximize the benefits of Riyad Bank personal funding, consider authorizing the resale of the shares immediately after disbursement to access liquidity faster. Use the proceeds wisely — for example, to pay off higher short-term obligations or make planned purchases with discounts.
If you’re expecting a salary increase or promotion, time your application accordingly to increase eligibility or access additional financing. Set up automatic reminders in the Riyad Mobile app to track due dates without stress.
Let’s get started with your application now
Click the button below to access the official Riyad Bank page and begin your Riyad Murabaha Finance request. Riyad Bank personal funding is your gateway to ethical financing — learn how to apply today.