Features:
Product Details
Salary Transferred Customers
• National ID / Iqama
• Valid driving license
• Duly signed & attested Salary Letter with income breakup from employers.
• Any additional income documents for last 2 years in the form of proof of income & bank statements reflecting such income.
Non-Salary Transferred Customers
• National ID / Iqama
• Valid driving license
• Duly signed & attested Salary Letter with income breakup from employers attested by Chamber of Commerce.
• Last 3 months Bank statements showing salary credits.
• GOSI certificate
• Any additional income documents for last 2 years in the form of proof of income & bank statements reflecting such income.
Al Rajhi Bank - Auto Murabaha Finance :
We are committed to constantly developing better products and quality service for our customers. Our competitive and flexible Car Finance product give you the freedom to own cars in a quick and easy manner while remaining true to Shariah principles.
We, at your request buy your desired car from our partner dealer & finance the amount to you at an agreed profit & tenure. On a monthly basis you pay us the installments while car remain registered on your name.
Minimum Salary
SAR 1,900
Benefits:
• Quick approvals
• Allows customer to acquire cars financing in a Shari'a compliant manner
• Flexible financing Tenor
• No hidden charges
• Competitive Profit Rates
• No Early Settlement Penalty
• Simple Documentation
Eligibility Criteria:
• Minimum age 18 years.
• Monthly Income starting from SAR 1,900