Customers of the bank can apply for a salary advance in an amount not exceeding 25% as a maximum of the value of the customer’s monthly net salary deposited in his account with Riyad Bank, after the customer complies with the conditions mentioned below. The amount of the advance granted is fixed throughout the annual subscription period.
0% profit margin
The service is valid for one year, with the possibility of stopping it at any time
Immediately get an advance
At least 18 years of age for Saudis
The age should not be less than 22 years for non-Saudis
The net salary should not be less than 5,000 riyals
The client must have at least one transfer salary
The amount of the advance does not exceed 25% of the client’s net salary, which is multiples of 100, and the maximum amount of the advance is 10,000 riyals
The subscription fee for the service is 500 Saudi riyals, to be paid only once upon subscription, and the service is valid for a full year (12 months).
The customer does not have any of the following financing products (personal finance, real estate finance, lease finance)