Features:
Under this product, individuals have the option to lease a car and have an option to own the car ("promise to own") at the end of the lease contract.
Banque Saudi Fransi - Ijarah for Individuals :
Minimum Salary
Minimum salary SR 3500
Fees & Costs
*Annual percentage rate (APR) for Ria’ayah starting from 3.71% including all fees and charges
Requirements
Minimum age 21
Minimum salary SR 3500
Minimum length of service 3 months
Valid driving license
Documents required
Completed lease application form
Copy of Valid ID (Iqama) or National ID
Copy of Valid driving license
Letter of employment (no objection certificate) along with salary certificate
Copy of last bill (Electricity, Water or Telephone)
Eligibility
Minimum age 21
Benefits:
Lease approval within hours
Option to lease the car for up to 5 calendar years
Shariah Compliant
Comprehensive Insurance covering accidents, thefts and natural disasters
Flexible due dates
Ability to fill preliminary application form online