Riyad Bank has launched a financing program that allows customers to consolidate their existing financial obligations with other banks and finance companies—such as credit cards, auto leases, personal loans, and mortgage financing—and consolidate them into a single installment with Riyad Bank through its Sharia-compliant personal financing product, which offers a competitive profit margin and a repayment term of up to 60 months.

The bank continued to roll out its programs and introduced an educational financing program for male and female citizens with competitive benefits, allowing tuition fees to be paid in installments with no profit margin and no administrative fees, in affordable installments over up to 12 months, with the option to pay tuition fees for non-children as determined by the customer.

The Educational Financing Program is one of the financing models approved by the Sharia Board and one of the bank’s approved personal financing options; it is distinguished by providing immediate preliminary approval for the installment payment of tuition fees.

The bank has invited educational institutions wishing to join the Educational Financing Program and make it available to their students to contact the bank through its official channels or visit one of its branches located throughout the Kingdom.

Riyad Bank constantly strives to innovate banking solutions and unique financing benefits that meet the aspirations of its customers and fulfill the expectations of all segments of its clientele in a manner tailored to their needs, In addition, it offers free financial consultations to its customers to help them plan their finances better and reduce the burden of multiple financial obligations.