Riyad Bank digital review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Riyad Bank digital is a Saudi direct lender whose personal loan runs at an APR of 3.92% to 4.89%, well under the 12% site median, with funding instantly once a salary is transferred. It suits salaried adults inside the Kingdom rather than borrowers shopping elsewhere.

Key facts

Best for
Salaried borrowers in Saudi Arabia with a Riyad Bank salary transfer who want a low APR personal loan.
APR
3.92% to 4.89% (Source, checked September 26, 2026)
Loan amount
SAR 100,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
instantly (Source, checked September 26, 2026)
Representative example
Tawarruq personal loan (government employee): SAR 100,000 at 3.92% APR over 5 years, monthly repayment SAR 1,815.83 (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Saudis 18+ (min net salary SAR 3,000 government sector), non-Saudis 22+, pensioners up to age 75, salary transfer to Riyad Bank (Source, checked September 26, 2026)
Loan types
Personal, Debt-consolidation, Car, Secured, Student (Source, checked September 26, 2026)
Legal entity
Riyad Bank, Public Shareholding Company (Source, checked September 26, 2026)
Headquarters
Saudi Arabia (Source, checked September 26, 2026)
Founded
1957 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Official website
riyadbank.com

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaXLinkedIn

Pros and cons

Pros

  • APR of 3.92% to 4.89% on a personal loan, well below the 12% site median
  • A direct lender, so the decision sits with the bank rather than a broker or marketplace
  • Loan amounts up to SAR 100,000 with terms of 12 to 60
  • Covers personal, debt consolidation, car, secured and student lending

Cons

  • A hard credit check, the strictest kind, so an application leaves a full record on the file
  • Support runs on phone and help centre only, with no live chat or email listed
  • Eligibility requires a salary transfer to Riyad Bank, which narrows who can apply
Riyad Bank digital

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Scored 9.4 / 10 by BorrowCue.

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Who it suits

  • Salaried adults living in Saudi Arabia who transfer their salary to Riyad Bank
  • Borrowers consolidating several balances into one personal loan
  • Car buyers and families needing a secured or student loan in the Kingdom

Who should look elsewhere

  • Borrowers outside Saudi Arabia, who cannot open the account or meet the residency rules
  • Self-employed applicants without a transferable salary
  • People wanting live chat or email support instead of phone and help centre

Safety and regulation

Riyad Bank digital is regulated in Saudi Arabia, and its authority rests on a Council of Ministers resolution rather than a market licence alone. Personal finance runs through the Tawarruq product, offered as a direct lender, so applications go to the bank itself. The published representative example covers a government employee, which shows how a real offer is priced on an APR of 3.92% to 4.89% across the longest term of 12 to 60.

Who runs it

The lender is Riyad Bank, Public Shareholding Company, headquartered in Saudi Arabia and founded in 1957. It has operated for decades under a Council of Ministers resolution, which underpins its status as a bank rather than an intermediary. Personal finance spans personal, debt consolidation, car, secured and student loans. Support runs on phone and help centre, so a call or a help centre article is the route for questions.

How Riyad Bank digital compares

Where Riyad Bank digital is available

Available
Saudi Arabia
Licence in Saudi Arabia
Saudi Central Bank (SAMA), checked September 26, 2026
Licence in Saudi Arabia
Council of Ministers, Kingdom of Saudi Arabia (Council of Ministers Resolution (91) dated 23.11.1957), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What APR does Riyad Bank charge on a personal loan?+

The published rate is an APR of 3.92% to 4.89% on a personal loan, well below the 12% site median. The rate depends on who applies and what they earn, so the figure offered to you may sit at a different point in the range.

How much can I borrow and how long can I take to repay?+

Borrowing runs up to SAR 100,000, with repayment terms of 12 to 60. The representative example pairs a SAR 100,000 loan at an APR of 3.92% to 4.89% with a monthly repayment shown alongside the longest term available.

Who can apply for a Riyad Bank personal loan?+

The bank lends to adult Saudis, to adult non-Saudis at a higher minimum age, and to pensioners up to a set retirement age. Government sector applicants need a minimum net salary, and every applicant must transfer their salary to Riyad Bank.

Does applying leave a mark on my credit file?+

The credit check is hard, which is a full check rather than a soft pre-qualification. A hard check is recorded against your file, so applying for several loans close together can be visible to future lenders.

How quickly is a loan paid out?+

Funding is instantly once you are accepted, ahead of the 82.9% share of lenders offering same day funding. The catch is that a salary transfer to Riyad Bank has to be in place first.

Which kinds of loan does the bank offer?+

The personal finance range covers personal, debt consolidation, car, secured and student loans. One lender can therefore cover a consolidation, a car purchase and a private student loan instead of sending you elsewhere for each.

Who regulates Riyad Bank?+

It is supervised in Saudi Arabia by the Saudi Central Bank and established under a Council of Ministers resolution. The lender trades as Riyad Bank, Public Shareholding Company, headquartered in Saudi Arabia and founded in 1957.

How do I get help with my loan?+

Support runs on phone and help centre, so you can phone the bank or use the help centre. No live chat or email channel is listed, which means a call is the route for involved questions.

Sources

  • riyadbank.com checked September 26, 2026

    Backs: Headquarters, Legal entity, Support channels, Term, Licences

    “National Address: King Abdullah Financial District (KAFD) ... Riyadh, Kingdom of Saudi Arabia”

  • riyadbank.com/information-v2/special-pages/arp-disclosure checked September 26, 2026

    Backs: Loan amount, APR, Credit check, Representative example

    “Finance Amount (SAR) 100,000 - Tawarruq Personal loan for employed customer working in governmental sector”

  • riyadbank.com/personal-banking/about-us/who-we-are1 checked September 26, 2026

    Backs: Founded

    “Established in 1957, with a paid-up capital of S..R 40 billion”

  • riyadbank.com/personal-banking/personal-finance checked September 26, 2026

    Backs: Loan types

    “Personal Finance: Tawarruq, Finance without Salary Transfer, Education Finance, Online Personal Finance, DAFA'AT Program; Auto-lease Finance; Mortgage Finance; Unify your Liabilities”

  • riyadbank.com/personal-banking/personal-finance/tawarruq checked September 26, 2026

    Backs: Eligibility, Funding time, Lender type

    “Saudis: should be 18 years and above, minimum net salary SAR 3,000; non-Saudis: should be 22 years and above, minimum net salary SAR 5,000; pensioners must not exceed 75 years at the last installment...”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee.

Riyad Bank digital

Riyad Bank digital

Salaried borrowers in Saudi Arabia with a Riyad Bank salary transfer who want a low APR personal loan.

9.4/10See alternatives

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