FAQs
1. How long does the purchase process take?
Your loan can be processed within one day.
2. Do you deal with all the dealerships in the Kingdom?
Yes, we are affiliated with all the car dealers in the Kingdom.
3. Do you deal with all the car showrooms and exhibitions?
Yes, we are available at all of the car exhibitions and showrooms.
4. Can I make an advanced down payment on the car I choose to buy?
Yes, once you’ve made your down-payment, the rest of the car’s value can be made in installments.
5. Can I get a discount?
Yes, part of our service to you is to help you get a fair price.
6. Can I apply in Dammam and receive the car in Jeddah given that the color is available only in Jeddah?
Yes, you can. Our showrooms are located all over the Kingdom for your convenience.
7. If I already applied for a personal finance, can I still apply for car finance?
Yes, if your threshold allows.
8. Is your purchase of the car Shari’ah compliant?
Yes, as you own what we sell. All of Al Rajhi Bank’s products are Shari’ah compliant.
9. Is the car you have in the store proprietary to Al Rajhi?
Yes, it is.
10. Am I bound with anything if I withdraw from buying the car?
No, you aren’t. This is just another example of the ease and simplicity of our car finance.
11. What are the purchase procedures and requirements that follow?
Once you get the final approval, you can bring a quotation for the value of the car you choose. If a car chassis number is not available, just provide the car specifications in order to put it through daily bidding.
12. How long will it take to receive the car after the procedures are over?
24-hours after you submit your quotation, the car is all yours.