Administrative fees are either 1% of the amount of finance or SR 5,000, whichever is less.

1- Employed in Government Sector Salary Transferred to SNB with Minimum of SAR 2,500 Income, Minimum of 1 Month on Job, Age in Hijri Minimum of 18 Years. 2- Employed in Private Sector Salary Transferred to SNB with Minimum of SAR 2,500 Income, Minimum of 3 Month on Job, Age in Hijri Minimum of 18 Years. 3- Employed salary transferred to other banks with Minimum of SAR 4000 Income, Minimum of 3 Month on Job, Age in Hijri Minimum of 18 Years. 4- Self Employed with with Minimum of SAR 10,000 Income, Minimum of 6 Months Since Started the Business, Age in Hijri Minimum of 25 Years. 5- Retired with Minimum of SAR 2,500 Income, and Maximum of 70 Years age.

1- Car Price Quotation

2- Original and Copy of Valid Driver's License 

1- Car Price Quotation

2- Original and Copy of Valid ID/Iqama

3- Original and Copy of Valid Driver's License

4- Employment Letter

The advantages of Alahli Lease Finance​ are plenty as it is designed solely to provide you an effortless and hassle-free finance solution, Listed below are the features that are tailored to complement your distinct financing needs:​ 1- Sharia Compliant Financing up to SAR 500,000, 2- No need to transfer your salary to SNB, 3- Available for both Saudi and non-Saudi citizens, 4- No need for a guarantor, 5- Instant approvals on the first visit, 6- Quick and hassle-free application process, 7- Flexible monthly rental payment for up to 5 years, 8- Comprehensive insurance cover throughout the lease period, 10- Flexible settlement options during and at the end of the lease period, 11- Dedicated Finance Centers across the kingdom, 12- Flexibility of applying from most of the major car dealerships in the Kingdom, 13- Variety of special offer all year long, 14- Possibility of leasing up to 5 cars for Saudis and up to 3 cars for non-Saudi residents, 15- Competitive annual percentage rate starting from 5.51%.

Alahli Lease Finance is a Sharia Compliant auto finance solution based on Ijarah concept. When a customer places a request for leasing a vehicle of his choice under the Al Ahli Lease Finance, the bank purchases the vehicle and leases it to the customer for a specified monthly rental, over a pre-agreed period of time. At the end of the leasing tenure, the customer can either return the vehicle back to the bank or transfer the ownership of the car in his name by paying the Ownership Fee (Balloon Payment).​

• Management fees equal to 1% of finance amount or SAR 5,000 whichever is less.

• Minimum income requirement starting from SAR 1900.00 

• Maximum age for Civilians 65 years 

• Maximum age for Military: subject to their rank at retirement. 

• 4-Saudi Nationals Only.

• Quotation addressed to Al Rajhi Bank and customer. 

• Completed Application form.

• Minimum income requirement starting from SAR 1900.00 

• Maximum age for Civilians 65 years. 

• Maximum age for Military: subject to their rank at retirement. 

• 4-Saudi Nationals Only.

• Quotation addressed to Al Rajhi Bank and customer. 

• Completed Application form .

• Copy of Valid ID. 

• Copy of evidence of income from Government.

• Quick Approvals. 

• Allows customer to acquire cars finanicng in a Shari'a compliant manner. 

• Relaxed Eligibility. 

• Flexible financing Tenor. 

• No hidden charges. 

• Competitive Profit Rates. 

• No Early Settlement Penalty. 

• Simple Documentation.

• Management fees equal to 1% of finance amount or SAR 5,000 whichever is less.

• Minimum income requirement starting from SAR 2000. 

• Maximum age for Civilians 65 years. 

• 3-Maximum age for Military: subject to their rank at retirement.

• Quotation addressed to Al Rajhi Bank and customer. 

• Completed Application form.

• Minimum income requirement starting from SAR 2000 .

• Maximum age for Civilians 65 years. 

• 3-Maximum age for Military: subject to their rank at retirement.

• Quotation addressed to Al Rajhi Bank and customer. 

• Completed Application form. 

• Copy of Valid Saudi IQAMA.

• Copy of Passport. 

• National address. 

• Salary letter attested by the Ministry of Commerce. 

• Bank statements for the last 6 months for Non Salary Transfer customers. 

• Location map* Further documents may be required for self employed customers. 

• Copy of the Chamber of commerce certificate attested by Ministry of Commerce. 

• Copy of the Article of association attested by Ministry of Commerce.

• Quick Approvals. 

• Allows customer to acquire cars finanicng in a Shari'a compliant manner. 

• Relaxed Eligibility. 

• Flexible financing Tenor. 

• No hidden charges. 

• Competitive Profit Rates. 

• No Early Settlement Penalty. 

• Simple Documentation.

• Management fees equal to 1% of finance amount or SAR 5,000 whichever is less.

• Minimum income requirement starting from SAR 2000. 

• Maximum age for Civilians 65 years.

• Maximum age for Military: subject to their rank at retirement.

• Quotation addressed to Al Rajhi Bank and customer .

• Completed Application form.

• Minimum income requirement starting from SAR 2000 

• Maximum age for Civilians 65 years 

• Maximum age for Military: subject to their rank at retirement

• Quotation addressed to Al Rajhi Bank and customer. 

• Completed Application form 

• Copy of Valid Saudi ID. 

• National address 

• Salary letter attested by the Ministry of Commerce 

• Bank statements for the last 6 months for Non Salary Transfer customers 

• Location map* Further documents may be required for self employed customers 

• Copy of the Chamber of commerce certificate attested by Ministry of Commerce 

• Copy of the Article of association attested by Ministry of Commerce

• Quick Approvals.

• Allows customer to acquire cars finanicng in a Shari'a compliant manner. 

• Relaxed Eligibility. 

• Flexible financing Tenor. 

• No hidden charges. 

• Competitive Profit Rates. 

• No Early Settlement Penalty. 

• Simple Documentation.

• Management fees equal to 1% of finance amount or SAR 5,000 whichever is less.

• Minimum income requirement starting from SAR 2000 .

• Maximum age of 65 years.

• Quotation addressed to Al Rajhi Bank and customer 

• Completed Application form

• Minimum income requirement starting from SAR 2000 

• Maximum age of 65 years

• Quotation 

• Completed Application form 

• Copy of Valid Saudi ID 

• Employment letter

• Quick Approvals 

• Available for New & Pre Owned Cars both. 

• High finance amounts for up to SAR 2 million 

• Zero down payment option. 

• Balloon payment option available to help you reduce your monthly installments. 

• Fully comprehensive insurance for the entire finance tenure.. 

• Extended warranty on leased car. 

• Salary Transfer not a mandatory requirement.

Administrative fee not exceeding 1% of the amount of funding or SAR 5,000, whichever is less.

Service period:

For Government Sector: 1 months with current employer

For Private Sector: 3 months with current employer

Kindly note that all Car Murabaha Finance facilities are subject to SAIB credit approval and SIMAH (Saudi Credit Bureau) verification.

• Complete SAIB application form. 

• Quotation (3 copies), for car value, from approved dealers addressed to the Bank. 

• Introduction letter from your employer which includes your salary, allowance details, and the date of start of employment. 

• Salary assignment letter in favor of SAIB. 

• Acknowledgment form signed upon receipt of the car. 

• Valid identity card.

To apply for SAIB Car Murabaha Finance you must meet the following eligibility criteria:

• Be a Saudi Citizen. 

• Be at least 18 years of age. 

• Maximum age at maturity of 60 for males and females.. 

• Work for an employer included in the Bank’s approved list. 

• Transfer salary, supported by salary assignment letter from your employer, to your account with SAIB.

• Financing period: 6 months to 60 months. 

• Financing amount: 50 thousand Saudi riyals to 3000 thousand Saudi riyals.

Compatible with the provisions of Islamic Shariah

Approved by the Bank's Shariah Committee.

Debt Relief

Debt relief in case of death or permanent disability (God forbids).

Sponsor/Guarantor

No Sponsor/ Guarantor required.

Financing Amount Disbursement

Get the finance on the same day In case all applicant documents are complete

• Administrative fee: 1% of the financing value or SAR 5,000 (whichever is lower)

• Delay in payment (10) days after the due date: SAR 300 or a fee not exceeding twice the profit margin on the late payment

• Vehicle repossession fee: SAR 3,000

• Deductible per accident: According to insurance policy

• International authorization letter fee: SAR 250 for 3 months

• Violation of accident procedure and process: SAR 1,000 within city limits- SAR 2,000 outside city limits

• Extra mileage fee: SAR 0.35 per extra km

• Delay in delivering vehicle of more than 6 days at the contract maturity: SAR 500 per day of delay

• Adding a driver to the local authorization: SAR 100

• Fee for settling traffic fines: SAR 15 (per fine)

• Geographic extension: According to the insurance policy

• Should be 21 years old and above.

• Minimum net salary SAR 4000.

• No period of service required.

• A letter from employer confirming the salary assignment to Riyad Bank.

• Salary certificate (less than two months old)

• A valid Saudi national ID / Iqama

• A completed lease application form

• A valid driving license

• 3-month bank statement for your salary account (required if your salary will not be transferred to Riyad Bank)

• Salary transfer letter (in case of financing with salary transfer to Riyad Bank)

• Vehicle quotation (from a dealer approved by Riyad Bank)

• Instant approval and hassle-free application process.

• Available for Saudis and residents.

• Financing amount up to SAR 750,000.

• Fully insured.

• Available for small/medium entities and businessmen.

• Possibility of financing up to 3 vehicles.

• Free local authorization letter throughout the period of the contract.

• Comprehensive insurance coverage provided by Tawuniya.

• Exclusive offers for Riyad Bank customers.

• Possibility of transferring the lease to another customer (Ihlal).

• Possibility of adding a second driver (first degree relative).

• Administrative fee: 1% of the financing value or SAR 5,000 (whichever is lower)

• Delay in payment (10) days after the due date: SAR 300 or a fee not exceeding twice the profit margin on the late payment

• Vehicle repossession fee: SAR 3,000

• Deductible per accident: According to insurance policy

• International authorization letter fee: SAR 250 for 3 months

• Violation of accident procedure and process: SAR 1,000 within city limits- SAR 2,000 outside city limits

• Extra mileage fee: SAR 0.35 per extra km

• Delay in delivering vehicle of more than 6 days at the contract maturity: SAR 500 per day of delay

• Adding a driver to the local authorization: SAR 100

• Fee for settling traffic fines: SAR 15 (per fine)

• Geographical extension for GCC: Free

• Geographical extension for Arab countries (Jordan, Lebanon, Egypt and Turkey): SAR 400 per year

• Vehicle registration license renewal fee: SAR 150

• Should be 21 years old and above.

• Minimum net salary SAR 4000.

• No period of service required.

• A letter from employer confirming the salary assignment to Riyad Bank.

• Salary certificate (less than two months old).

• A valid Saudi national ID / Iqama.

• A completed lease application form.

• A valid driving license.

• 3-month bank statement for your salary account (required if your salary will not be transferred to Riyad Bank).

• Salary transfer letter (in case of financing with salary transfer to Riyad Bank).

• Vehicle quotation (from a dealer approved by Riyad Bank).

• Shariah-compliant.

• Easy and flexible installment plans.

• Available for Saudis and non-Saudis.

• Available for salary transfer and non-salary transfer.

• Comprehensive insurance coverage.

• Financing period up to 3 years.

• Available for the government sector, military sector, private sector and pensioners.

• Possibility of delegating another driver.

• The possibility of financing two cars for Saudis and one car for non-Saudis.

• Competitive profit margin.

• Flexible last payment.

*Annual percentage rate (APR) for Ria’ayah starting from 3.71% including all fees and charges 

Minimum age 21

Minimum salary SR 3500

Minimum length of service 3 months

Valid driving license

Completed lease application form

Copy of Valid ID (Iqama) or National ID

Copy of Valid driving license

Letter of employment (no objection certificate) along with salary certificate

Copy of last bill (Electricity, Water or Telephone)

Minimum age 21 

Under this product, individuals have the option to lease a car and have an option to own the car ("promise to own") at the end of the lease contract.

Lease approval within hours 

Option to lease the car for up to 5 calendar years 

Shariah Compliant 

Comprehensive Insurance covering accidents, thefts and natural disasters 

Flexible due dates 

Ability to fill preliminary application form online

• Management Fees: 1.15% of the finance amount or SAR. 5,750 whichever is lower

• Late instalment payment: SAR. 100

• Retrieval and transport costs of the vehicle (based on city location): SAR. 2,300 - 3,450

• Issuance of international driving authorization contracts executed before 21/7/2020 (for each authorization): SAR. 230

• Issuance of international driving authorization contracts executed after 21/7/2020 (for each authorization) SAR 40.25

• Ownership transfer to lessee: SAR 575

• Annual fine for delay in submitting the inspection certificate for the renewal of the registration: SAR 115

• Issuance of lost registration: SAR 230

• Requesting the spare key by the lessee to make a duplication: SAR 345

• Renewal of registration (Private): SAR 402.50

• Renewal of registration (Private light commercial): SAR 747.50

• Renewal of registration (Public light commercial): SAR 1,552.50

• Traffic violation committed by the lessee & paid by the bank: SAR 28.75

• Car evaluation at approved workshops when returning the vehicle: SAR 575

• Daly delay fees in returning the vehicle to the bank: SAR 230

• Harboring the car according to the Lesee’s consent: SAR 57.50 per day

• Deductibles in case of accident: As per insurance policy

• Early termination (only for the finance contracts executed from16th of Sept. 2014): The term cost for the three months following the payment of the early settlement.

• Original employment certificate including number of years in service, title and salary details (attested by Chamber of Commerce for private sector employees).

• Price quotation including the model, specifications and car value.

• Government sector employee (both civil & military), pensioner, private sector employee, or a businessman.

• Minimum total monthly income of SR 3,000.

• Age should not be less than 20 years.

• Completed and signed application form.

• Photocopy of valid Saudi ID/Iqama.

• Photocopy of valid driving license.

• Photocopy of the commercial registration for businesses.

• Photocopy of house proof of ownership or house rent contract.

• Photocopy of landline telephone and electricity bills.

• Residence and work location maps.

• Last 3 months original bank statement for individuals and 6 months for businesses.

• Balance certificate or mini account statement for businesses.

 Monthly Payment:

To simplify settling the monthly installments and last payment,

we are pleased to offer the following options:

• If you have an account with Arab National Bank, the monthly due

payments will be deducted directly from your account.

• If you do not have an account with ANB, the bank will issue and

send you a Sadad number through an SMS to your mobile in order

to use it to settle the installments through Sadad system by

choosing the code number (082). You can also request

Sadad number by calling (8001244040).

• Depositing in the finance account through the branch.

Certificate of Insurance:

Insurance Certificate is issued and renewed automatically (during the validity period of the car lease). It can be obtained either by visiting any of the service centers, calling (8001244040), or automatically through sending it via SMS to your mobile number registered in our records.

• Shariah Compliant
• Simple procedures for applying and signing leasing contract in record time
• Up to 1 million Riyals financing amount
• Distinguished profit margin
• After-sales services (without visiting the branch)
• Final payment up to 40%
• The possibility of leasing the final payment according to bank's policy without salary transfer
• Comprehensive insurance throughout leasing period
• No down payment for some segments following the bank's policy
• Replacement with another customer following the bank's policy
• Retain your cash for investment.
• Leasing is available for all cars types

Customers must be 18 years of age or older (with proper ID documents and copies available).

Customers must have a current account with Bank Albilad. 

Customers’ field of employment (in private/public) sector must be approved by Bank Albilad.

What documents do I require to submit for auto leasing?

Customers must have the following documents for availing auto lease financing services from Bank Albilad:

Valid ID

Salary transfer slip is required (plus, salary transfer letter by employer). If this is not available, customers can provide their account statement for the last three months salaries.

If salary transfer is not provided, proof of residency is required.

Customers' home and work addresses

Filled auto financing form.

Payment receipt of down payment and administrative fees from the car dealer.

Valid Saudi driving license.

A quotation of the car with specific requirements

Is there any management fee?

The management fee is 1% of the financing amount with cap of SAR 5,000.

How to avail after-sales services?

For after-sales services, you may visit any of our centers located in Riyadh, Jeddah, and Dammam. You may also give us a call Albilad phone within the Kingdom: 8001230000,Outside the Kingdom: 00966920001002

How does the auto lease financing service work?

The auto lease financing process is simple with Bank Albilad. Here's a look at how it goes:

Visit any showrooms/dealers that are approved by the bank.

Fill the ""Auto Lease"" application form and submit documents in the bank.

If your request is approved, you'll be informed. 

Issuance of car registration and plates by the traffic department.

Setting up of vehicle for customer to pick up.

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Auto Lease​

Car Price with VAT

80,000 SAR

​Down Payment 

​ 0%

​Finance amount

80,000SAR

Management fees 1% of the Financing Amount 

920 SAR

​Finance duration

​ 60 months

​Monthly installment

​ 1,186.67 SAR insurance is not included

APR*

6.96% insurance is not included

Balloon Payment 32,200 SAR

What are the key features of Bank Albilad auto lease financing in Saudi Arabia?

Here's what you can expect from our car lease financing services:

Sharia-compliant program

No down payments required

Available for customer between 18- 65 years of age

Available for both Saudis and non-Saudis

The deduction ratio is up to 65%

Option to get up to 3 cars

Full insurance coverage for your vehicle with the ability to choose insurance benefits

Ability to choose the desired car based on your credit limit

Early settlement is available

The financing period is up to 5 years

The financing amount is up to SAR 500,000

Customers can transfer the lease to another customer as well

Available with no salary transfer

Having A Dream Car Is Now Easy with Bank Albilad Auto Lease Financing Program

With Bank Albilad auto lease financing, customers who don’t have the budget to purchase a car can also get one. The process is pretty straightforward. You just have to select a car from an approved dealer or showroom and submit the documents. If approved, a few simple steps will lead the vehicle to your home.

Apply Now!

Customer must be 18 or older

Current account must be opened with Bank Albilad.

Customer's field of employment (in private/public) sector must be approved by Bank Albilad.

Customer's salary must be SAR 3,000 or above for Saudi customers and SAR 3,500 or above for non-Saudi customers.

Salary transfer required

What is the required documents?

Valid ID

Copy of the ID for military employees.

Completing and signing a ""Auto financing"" Form

A letter from the customer's employer indicating: monthly salary (Basic and allowances), job title, date of employment

A salary transfer letter from employer

Car price quotation

Is there any management fee?

Management fees is 1% of the Financing Amount with Cap. of SAR 5,000

How the profit margin is calculated?

Here is an example of how the profit margin is calculated:

Auto Financing​ Finance amount SAR 100,000 Total profit margin SAR 10,000 APR*

4.31% Management fees Management fees is 1% of the Financing Amount with Cap. of SAR 5,000 Finance duration 60 months Total finance cost**

SAR 110,000 Monthly installment SAR 1,833.33 

*Annual Percentage Rate (APR) varies based on amount and maturity period, while it is also subject to the customer's credit history 

* *VAT included

The above calculation method is considered an example, and that prices are subject to change due to other factors.

TERMS AND CONDITIONS APPLY.

How the financing works?

The process is simple: we buy the car from desired dealers, sell it to you with an agreed profit margin, transfer ownership to you, and then you can start the car payments as per the agreed terms of the contract.

What are the features of the plan?

Sharia-compliant plan.

Available to both Saudi and Non-Saudi.

No down payment & fast financing execution.

Choose the desired car, according to your credit limit.

Early settlement available.

Financing period up to 5 years, financing amount up to SAR 2,000,000.

Guarantor not required.

Ability to defer one instalment per annum.

Available for retired customers as well.

Own your dream car with Bank Albilad!

Bank Albilad promises to fulfill our customers’ banking needs with the Auto Financing solution, while taking into consideration all Islamic Banking Laws. If you wish to buy a new car, we will aid you by buying the car and selling to you (keeping an agreed profit margin) with a convenient payment method and a financing plan of up to 5 years!

Apply Now!

Administrative fees: equivalent to 1% of the financed amount, with a maximum limit of SAR 5,000.

• Completed car financing application form.

• Acceptance letter from Agency or Showrooms.

• Open a current account with Alinma Bank

• Salary Transfer

• Employer must be from the Alinma list of approved employers

• Valid I.D.

• Global limit request.

• Copy from Customs Card

• Obtain a certified letter from your employer indicating your salary and service period details

Auto Lease Financing Programs:

•       Auto Lease Financing (Monthly Installments)

Pay your installments monthly for up to 5 years, with the option to make a final "ownership payment" according to Alinma's terms and conditions.

•       50/50 Auto Lease Financing

Get auto lease financing for two years with a 50% down payment and a 50% final "ownership payment." You can choose to pay the profit and insurance upfront to avoid monthly installments or spread them out over the contract duration—whichever suits you best.

Electric Cars Lease Financing:

•       Electric Car Lease Financing (Monthly Installments)

To support environmental sustainability and promote greener transportation, Alinma offers electric car financing with monthly installments for up to 5 years, including the option to make a final "ownership payment" according to the terms and conditions.

•       50/50 Electric Cars Lease Financing

Go electric with a 2-year lease. Pay 50% upfront and 50% as a final "ownership payment" to own your electric car. For added flexibility, you can choose to pay the profit and insurance costs upfront to avoid monthly payments or spread them out over the contract duration—whichever suits your needs best. Drive with financial ease while reducing your carbon footprint.

•       Fully Sharia-compliant.

•       Get immediate preliminary approval from your first visit.

•       Enjoy comprehensive insurance throughout the contract period.

•       Finance your car for up to 5 years.

•       Available for both Saudis and expatriates, with or without salary transfer.

•       Get financing up to SAR 1 million.*

•       Financing available up to age 65 for employees and up to 75 for retirees.

•       No down payment required.

•       Benefit from a final payment option of up to 60%.

•       Option to finance up to 3 cars.

•       Enjoy usage coverage across GCC.

•       Access after-sales services.

•       Ability to forgo the car.

•       Special financing programs for electric cars.

•       APR starting from 2.83%

Employment Criteria:

For salary transfer & non-salary transfer segment: the minimum salary should be SAR 8,000

For self-employed segment: the minimum monthly revenue should be SAR 20,000

Age Criteria:

Salaried customers should be between 21 and 60 years (including Loan tenor)

Non-salaried customers should be between 25 and 65 years (including Loan tenor)

Length of Service:

Salary Transferred: minimum of 1 month

Non-Salary Transfer: minimum of 3 months

For Expats: less than 2 years of service requires a 5% additional down payment then continues payment on the current norm

Self-employed: A minimum of 1 year in business

Number of Vehicles per borrowers:

Maximum of 3 vehicles (for Saudi Nationals)

Maximum of 2 vehicles (for expats)

Approved Brands Under the Program:

All (as per the Bank’s policy)

Financing Cap:

Finance Amount (Principal only) Minimum: SAR 20,000

Maximum: SAR 1000000

• Fast Application Processing

• Fully Shariah Compliant - Leasing Structure Based on Ijarah

• Most Competitive Profit Rates

• Best in Class Insurance

• Agency Repair Option for Whole Tenure*

• GCC Insurance Cover Option

• Option to Avail Personal Accident Benefit for Driver In Case of Accident, Emergency Medical Expense and Natural Perils (God Forbid)

• Extended Warranty Option Available

• Contract Cancelling and Car Returning Option Available

• Option to Transfer Lease to New Customer

• Option to Use Car in GCC Countries and Jordan

• Financing Tenure from 12 to 60 Months.

• Certified Pre-Owned and 50/50 Leasing Schemes Available

Employment Criteria:

For salary transfer & non-salary transfer segment: the minimum salary should be SAR 15,000

For self-employed segment: the minimum monthly revenue should be SAR 30,000

Length of Service:

Salary Transferred: minimum of 1 month

Non-Salary Transfer: minimum of 3 months

Self-employed: A minimum of 1 year in business

Approved brands under 50/50 program:

Bentley

Lamborghini

Land Rover/Range Rover

Mercedes

BMW

Porsche

Audi

Volkswagen

Mini Cooper

Leasing Tenor:

24 Months

Financing Cap:

Salaried Customers (50-50 Cars)

Minimum Monthly Income         SAR 30000

Finance Amount (Principal only) SAR 1000000 for All Brands

Self-Employed Customers (50-50 Cars)

Minimum Monthly Income         SAR 15000

Finance Amount (Principal only) SAR 750000 for All Brands

• Fast Application Processing

• Fully Shariah Compliant - Leasing Structure Based on Ijarah

• Most Competitive Profit Rates

• Best in Class Insurance

• Agency Repair Option for Whole Tenure*

• GCC Insurance Cover Option*

• Option to Avail Personal Accident Benefit for Driver In Case of Accident, Emergency Medical Expense and Natural Perils (God Forbid)*

• Contract Cancelling and Car Returning Option Available

• Option to Transfer Lease to New Customer

• Option to Use Car in GCC Countries and Jordan

• Financing Tenure up to 24 Months

Employment Criteria:

Eligibility for a maximum financing amount of SAR 100,000, Salary should range between SAR 12,000 and SAR 14,900

Eligibility for a maximum financing amount of SAR 500,000, Salary should be SAR 15,000 and above

For Salaried segment: the minimum monthly revenue should be SAR 8,000 and above

For Self Employed Segments: the minimum monthly revenue should be SAR 80,000 and above

Approved Brands Under the Certified Pre-Owned Program

Land Rover/Range Rover

Mercedes

BMW

Audi

Jaguar

Lexus

Infiniti

Bentley

VW

Porsche

Cadillac

GMC

Chevrolet

Toyota Land Cruiser

Toyota Prado

Nissan Patrol

Salaried Customers (Pre-Owned Cars)

Finance Amount (Principal only) SAR 750000 (Depending upon DBR and other checks)

Self-Employed Customers (Pre-Owned Cars)

Finance Amount (Principal only) SAR 1000000 (Depending upon DBR and other checks)

• Fast Application Processing

• Fully Shariah Compliant - Leasing Structure Based on Ijarah

• Most Competitive Profit Rates

• Best in Class Insurance

• Agency Repair Option for Whole Tenure*

• GCC Insurance Cover Option*

• Option to Avail Personal Accident Benefit for Driver In Case of Accident, Emergency Medical Expense and Natural Perils (God Forbid) *

• Extended Warranty Option Available*

• Contract Cancelling and Car Returning Option Available

• Option to Transfer Lease to a New Customer

• Option to Use Car in GCC Countries and Jordan

• Financing Tenure from 12 to 60 Months

Product Details

Salary Transferred Customers

• National ID / Iqama

• Valid driving license

• Duly signed & attested Salary Letter with income breakup from employers.

• Any additional income documents for last 2 years in the form of proof of income & bank statements reflecting such income.

Non-Salary Transferred Customers

• National ID / Iqama

• Valid driving license

• Duly signed & attested Salary Letter with income breakup from employers attested by Chamber of Commerce.

• Last 3 months Bank statements showing salary credits.

• GOSI certificate

• Any additional income documents for last 2 years in the form of proof of income & bank statements reflecting such income.

• Quick approvals

• Allows customer to acquire cars financing in a Shari'a compliant manner

• Flexible financing Tenor

• No hidden charges

• Competitive Profit Rates

• No Early Settlement Penalty

• Simple Documentation

Eligibility Criteria:

• Minimum age 18 years.

• Monthly Income starting from SAR 1,900

Salary Transferred Customers to alrajhi bank

Down payment starting from 0%.

Admin Fees 1% or SAR 5,000 whatever is lower

Balloon Payment up to 25%.

Lease tenor up to 60 months.

Low Annual Percentage Rate starting from 11.20%

Non-Salary Transferred Customers

Down payment starting from 5%.

Admin Fees 1% or SAR 5,000 whatever is lower

*Balloon Payment upto 20%

Lease tenor up to 60 months.

Low Annual Percentage Rate starting from 13.08%

Documentation Requirement:

Salary Transferred Customers to alrajhi bank

• National ID / Iqama

• Valid driving license

• Duly signed & attested Salary Letter with income breakup from employers.

• Any additional income documents for last 2 years in the form of proof of income & bank statements reflecting such income.

• Vehicle condition assessment report from Agency dealership of vehicle in KSA. (Applicable for Applicant replacement)

Non-Salary Transferred Customers

• National ID / Iqama

• Valid driving license

• Duly signed & attested Salary Letter with income breakup from employers attested by Chamber of Commerce.

• Last 3 months Bank statements showing salary credits.

• GOSI certificate

• Any additional income documents for last 2 years in the form of proof of income & bank statements reflecting such income. (Applicable for Applicant replacement)

• Allows customer to acquire cars leasing in a Shari'a compliant manner

• Quick Approvals

• Available for New & Pre Owned Cars both from our partners Agency & Sub Dealers across KSA.

• Relaxed eligibility criteria

• Flexible financing Tenor between 12 to 60 months.

• No hidden charges

• Extremely competitive Profit rates

• Comprehensive Insurance coverage throughout the lease tenure

• High finance amounts for up to SAR 2 million.

• Zero down payment option available

• Balloon payment option available to help you reduce your monthly installments

• Balloon Refinance option available

• Partial Early payment & Advance payment options available

• Salary Transfer not a mandatory requirement.

• Simple & Easy Documentation

• Ability to consider other / additional provable income if any.

• Ability to add additional driver.

• Ability to transfer your lease facility to another customer.

• If you choose to apply auto lease facility though Al Rajhi Mobile APP, you get rewarded with 30,000 MOKFAA points. These Points can be redeemed across various stores / sites in KSA.

 Eligibility Criteria:

• Minimum age 18 years.

• Monthly Income starting from SAR 1,900.

• Length of service starting from 1 month.

• Down payment 10%.

• Admin Fees 1% or 5,000 SR which is less

• Balloon Payment Not available

• Term 60 Months.

• Low Annual Percentage Rate (including insurance) starting from 17.40 %

• Down payment 15%.

• Admin Fees 1% or 5,000 SR which is less

• Balloon Payment Not available

• Term 60 Months.

• Low Annual Percentage Rate starting from 18.96%

• Down payment 0%.

• Fees Admin 1%

• Balloon Payment Not available

• Term 36 Months.

• Low Annual Percentage Rate (including insurance) starting from 19.66%