Riyad Bank has launched its new marketing campaign for personal financing for retirees, which offers the bank’s current and new customers—retirees of the General Organization for Social Insurance, and the Public Pension Agency, the opportunity to access exclusive personal financing offers with the lowest profit margin and numerous incentives.

Saleh Al-Saif, Head of Products and Services for Retail Banking at Riyad Bank, stated that the bank’s deep understanding of the needs and requirements of each customer segment, and its relentless efforts to enhance the benefits of its products, were behind the launch of the personal financing campaign for retirees, supported by a wide range of unique and exclusive benefits and competitively priced promotional offers.

Al-Saif explained that Riyad Bank has established flexible terms for those wishing to take advantage of this campaign, including a minimum customer salary of 2,000 riyals, and that repayment can be spread over five years (60 months), provided the customer is 70 years old at the time of the final installment.

Al-Saif emphasized that those wishing to take advantage of the personal financing campaign for retirees will receive immediate preliminary approval, with the option of financing through commodity murabaha or local stock murabaha, in accordance with Sharia law, all of which will be accompanied by swift processing.

Al-Saif added: "At Riyad Bank, we have prepared a list of personal financing rates for retirees, secured by salary direct deposit, starting at a minimum of 2,000 riyals, up to 20,000 riyals or more." He noted that those interested can access all information regarding the campaign’s details on Riyad Bank’s website or by contacting a sales support representative in their area.

Al-Saif emphasized that the personal financing campaign for retirees is part of a series of exclusive campaigns, offers, and unique benefits that Riyad Bank is committed to providing its customers to enhance the added value of its products and services, and to provide more innovative solutions that offer customers greater flexibility, greater convenience, and more successful financing solutions for their financial and banking transactions.