Car Finance Solutions
alrajhi bank offers one stop shop for your auto financing needs by not only offering you auto financing & Car Leasing solutions but you can also select cars from a wide range of variety available on alrajhi bank app from the comfort of your home & sign your contracts digitally without the need to visit any alrajhi bank branches.
Our customer friendly Sales team can also arrange any car of your choice from the market and assist you through the journey.
A product that offers customers facilities that allow them to buy a new car through deferred monthly installments. The new vehicle would be under the ownership of Al Rajhi Bank and then leased to the customer upon receiving his signature. The customer receives a "car rental contract" in exchange for a monthly payment for a specified period agreed upon by both parties. The vehicle is owned by the bank until the customer pays the full amount owed. Detailed in the agreed contract include specified payment dates excluding any delays in addition to the agreed upon down payment.
The purchase of a car in monthly installments through the bank which is directly registered in the customer’s name, provided the full amount is paid off in a period that does not exceed 60 months
Transfer of Contract
A program that allows customers to transfer their contract/ vehicle to another customer as per the credit terms and conditions set and approved by the bank.
Drive away in the car of your dreams
Al Rajhi Bank has 11 showrooms at different locations around the Kingdom, displaying a wide collection of cars, and offering financing through installment and lease options.
Frequently Asked Questions:
- adhering to the principles of Shariah laws
- immediate approval
- various financing options
- Having a first-degree relative as a possible guarantor
- Multiple solutions compliant for deferent real easts
- For employees of governmental sector, private sector, banking sector, and retired individuals.
Employees of other banks who do not want their salaries transferred to alrajhi bank may obtain financing?
- Residential housing
- Private resort (estraha)
- 10% for the initial home
- 30% for the second home