Auto Loan

Get Sharia-compliant auto lease financing designed to give you the flexibility to own your ideal car. Enjoy a seamless process, affordable installments, and exclusive benefits. With auto lease financing, the car is purchased from the dealer and leased to you for a fixed term, offering a structured financing solution that meets your aspirations.

Summery:

Own Your Dream Car with Flexible Auto Lease Financing

Fees & Costs:

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

Car Documents:

• Completed car financing application form.

• Acceptance letter from Agency or Showrooms.

Eligibility:

• Open a current account with Alinma Bank

• Salary Transfer

• Employer must be from the Alinma list of approved employers

Documents required:

• Valid I.D.

• Global limit request.

• Copy from Customs Card

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

Features:

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.

Benefits:

• 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%