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