• 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.