Equipment Finance
Finance your equipment today and scale with confidence
Equipment Finance
The Equipment Finance program is designed to support SMEs and contractors in acquiring essential heavy machinery and construction equipment through flexible Shariah-compliant financing. The program caters to both Al Rajhi Bank (ARB) and non-ARB customers, enabling businesses to expand operational capacity without upfront capital burden.
Key Equipment Finance Features:
Discover the unique advantages that make our program stand out.
Competitive Profit Rate
Starting from as low as 9%
Financing Limit
Up to SAR 10 million
Eligible Equipment
TAMM registered Equipment such as Excavators, Wheel Loaders, Bulldoze, Backhoe Loaders, and more (Ensign, Liebherr etc.)
Flexible Tenure
Up to 60 months (5 years)
Customer Eligibility
Available for both ARB and non-ARB customers
Minimum Business Vintage
As low as 2 years of operation
Insurance Coverage
Equipment insurance included within financing
Management Fees
1% from the financing Amount
Ownership Structure
Shariah-compliant (Ijarah)
Required Document
A request on the official letterhead of the Enterprise, expressing interest to obtain financing, advising the number and type of products, and attested by the Chamber of Commerce
National address.
Valid commercial registration.
Quotation for the Equipment from the Authorized Dealer.
A copy of the valid ID of the Owners of the Enterprise.
Proof of the principal place of business (Municipality License).
A copy of the Department of Zakat and Tax Certificate.
Chamber of commerce certificate.
Municipality license.
Ways to apply
- Fill up the application form - Fill out application form by providing the necessary information
- Submit the Application - Submit the application form, providing the necessary information to initiate the financing process quickly and efficiently
- Our Representative Will Be Happy to Contact You and finalize the financing details
- Visit the Branch
Terms and Conditions
- 0% down payment is applicable only to select categories.
- Vehicle specifications and images shown are for illustrative and promotional purposes only; actual models may vary.
- alrajhi bank is regulated and supervised by SAMA.
- alrajhi bank’s terms and conditions apply.
How to apply
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Contact your Relationship Manager for more details
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