Ramadhan offer - Waive first installment
Zero Admin Fees, Zero Down Payment

For the upcoming Ramadan month, Al Rajhi Bank is pleased to offer you the best car leasing offer.

Also, if you wish to get a direct response, please fill this easy online form and our representatives will get back to you. Fill The Form

Salary Transferred Customers to Al Rajhi Bank

  • Down payment 0%.
  • Admin Fees 0%.
  • Low Monthly Installments.
  • Balloon Payment till 40%.
  • Term 60 Months.
  • Low Annual Percentage Rate (including insurance) starting from 4.76%.
  • First installment will be refunded to the customer account capped to SAR 1,500 within 5 working days after the first installment deduction date .

Non Salary Transferred Customers

  • Down payment starts from 5%.
  • Zero Admin 0%.
  • Low Easy Monthly Installments.
  • Balloon Payment till 35%.
  • Term 60 Months.
  • Low Annual Percentage Rate (including insurance) starting from 6.56%.
  • First installment will be refunded to the customer account capped to SAR 1,500 within 5 working days after the first installment deduction date .

Examples:

  • Example (1) if the customer installment is SAR 2,000 the refund amount will be SAR 1,500.
  • Example (2) If the customer installment is SAR 1,300 the refund amount will be SAR 1,300.
  • Example (3) If the customer installment is SAR 1,500 the refund amount will be SAR 1,500.

Example 1 : Salary Transfer Customer

Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount Residual Value
Car 75,000 SAR 5 Years 4.76% 959 SAR 30,000 SAR

Example 2 : Non salary transfer

Asset Type Loan/Finance Amount Down payment Maturity in Years APR Monthly Repayment Amount Residual Value
Car 75,000 SAR 7,500 SAR 5 Years 11.44% 1,220 SAR 18,750 SAR

Example 3 : Car price different

Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount Residual Value
Car 90,000 SAR 5 Years 9.55% 1,509 SAR 27,000 SAR

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

How to Apply;

  • • Please visit your nearest Al Rajhi Bank branch.
  • Or call 8001241222
  • Apply Now

Terms and Conditions

  • Terms and Conditions apply
  • Offer is valid until 11 May 2021 or while supplies last.
  • Specifications for the car displayed and the image may vary for the purpose of advertising only.

*Al Rajhi Bank is controlled and supervised by SAMA


This offer is limited to official car dealer for the following brands:

  • TOYOTA & LEXUS – Abdulatif Jameel.
  • HYUNDAI – Alwallan , Almajdouei & Naghi (Tucsan , creta & Sonata).
  • HAVAL – Automotive Distribution & Marketing CO.LTD.
  • CHANGAN – AlMajdouei.
  • KIA – AlJaber.
  • GEELY – AlWallan.
  • MG & FAW ( T77 ) – TAJEER.
  • FORD & LINCON – AlJazera Agencies.
  • FORD – Naghi.
  • NISSAN – Naghi.
  • GMC & CHEVROLET – UMA ( TAHOE, YUKON , TRAVERSE , MALIBU , SIERRA , ACADIA).
  • JEEP , RAM , DODGE , CHRYSLER - United Motors.

Disclosure of Interest Rates on Financing and Saving

The Annual Percentage Rate (APR):

It is the discount rate at which the present value of all payments and installments that are due from the Borrower, representing the Total Amount Payable by the Borrower, equals the present value of all payments of the Amount of Financing available to the Borrower on the date on which the Financing amount or the first payment thereof is available to the Borrower.

Illustration:

Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount Residual Value
Car 75,000 SAR 5 Years 4.76% 959 SAR 30,000 SAR

*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

Finance Amount:

The contract stipulates the amount of financing you will receive in addition to the period of repayment of the installments, stating their value and the maturity date of these installments. The data also include the cost of obtaining funding in terms of knowing the fixed term cost rate and management fees.

Maturity In Years:

The duration of the contract agreed upon between the parties, which shall indicate the date and expiry of the contract with the parties' with the terms of the contract

Monthly repayment amount:

These payments are recognized in the contract, and the lessee is obliged to pay them on the due dates. The contract shall also include a schedule of repayment installments, in which the value of the asset's rent and the value of the right of ownership shall be shown separately, provided that the premium for any period shall not be less than the principal's rent for that period in the contract.

Residual Value:

The last payment is usually to 40% of the car price which you decide to pay at the end of the lease. It makes the monthly rentals that you pay less, but you have to be ready to make a large payment at the end of the lease.