Al Rajhi Bank - Auto leasing

Al Rajhi Bank

Features:

Documentation Requirement:

Salary Transferred Customers to alrajhi bank

• 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.

• Vehicle condition assessment report from Agency dealership of vehicle in KSA. (Applicable for Applicant replacement)

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. (Applicable for Applicant replacement)


Al Rajhi Bank - Auto leasing :

We are committed to constantly developing better products and quality service for our customers. Our competitive and flexible Car Leasing product gives you the freedom to lease a car in a quick and easy manner while remaining true to Shariah principles.

Minimum Salary

SAR 1,900

Benefits:

• Allows customer to acquire cars leasing in a Shari'a compliant manner

• Quick Approvals

• Available for New & Pre Owned Cars both from our partners Agency & Sub Dealers across KSA.

• Relaxed eligibility criteria

• Flexible financing Tenor between 12 to 60 months.

• No hidden charges

• Extremely competitive Profit rates

• Comprehensive Insurance coverage throughout the lease tenure

• High finance amounts for up to SAR 2 million.

• Zero down payment option available

• Balloon payment option available to help you reduce your monthly installments

• Balloon Refinance option available

• Partial Early payment & Advance payment options available

• Salary Transfer not a mandatory requirement.

• Simple & Easy Documentation

• Ability to consider other / additional provable income if any.

• Ability to add additional driver.

• Ability to transfer your lease facility to another customer.

• If you choose to apply auto lease facility though Al Rajhi Mobile APP, you get rewarded with 30,000 MOKFAA points. These Points can be redeemed across various stores / sites in KSA.



 Eligibility Criteria:

• Minimum age 18 years.

• Monthly Income starting from SAR 1,900.

• Length of service starting from 1 month.