Auto Loan

Saudi National Bank - Car

Flat Rate

starting from 5.51%

Minimum Salary

2,500 SAR

Monthly Payment

1,556 SAR

Down payment

40,000 SAR

Summery:

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.

Fees & Costs

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


Requirements

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.


Car Documents

1- Car Price Quotation

2- Original and Copy of Valid Driver's License 


Documents required

1- Car Price Quotation

2- Original and Copy of Valid ID/Iqama

3- Original and Copy of Valid Driver's License

4- Employment Letter


Features:

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%.


Benefits:

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).​


البنك الأهلى السعودى - برنامج 50/50 لتمويل السيارات

البنك الأهلى السعودى - تمويل سيارات الوسام التأجيري

البنك الأهلى السعودى - تمويل السيارات المستعملة التأجيري

البنك الأهلى السعودى -منتج تمويل اسطول السيارات للشركات والمؤسسات

Compare Now