We provide you with different financing solution to better fit your needs. Our solutions are:
If your salary is transferred to us, you can choose from either the Car Installments or the Car Lease. Additionally, if your salary is transferred to another bank, we offer you the Car Lease without Salary Transfer. The features of each option are listed below.
Car Leasing (Ijara)
Purchase of car by the bank and leasing it to customer on monthly rentals specified under “Car lease contract”. Ownership of car remains with the bank and then it is transferred upon full repayment of lease contract value.
Car Installment (Murabaha)
Purchase of car by the bank and selling it to customer on monthly installments specified under “car installment contract”. Ownership of car remains with customer.
Now and for a limited period for salary transfer customers, apply for Auto finance loan with Al Rajhi Bank and enjoy 0 down payment & 0 administration fees. This offer is valid with all car brands / dealers.
Did You Know? Over 1.5 million customers bank with us online.
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