Flat Rate
7.46%: 11.40%
Minimum Salary
SAR 3000
• 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.
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.