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Toyota Offer

Enjoy great deals from Toyota with the best offers from alrajhi bank on all models.

Product Details

Salary Transferred Customers to alrajhi bank

  1. Down payment 0%
  2. Admin Fees 1%
  3. *Balloon Payment till up to 45%.
  4. Term 60 Months
  5. Low Annual Percentage Rate (including insurance) starting from 11.79%

Non-Salary Transferred Customers

  1. Down payment starts from 5%
  2. Admin Fees 1%
  3. Balloon Payment till 35%
  4. Term 60 Months
  5. Low Annual Percentage Rate (including insurance) starting from 14.46%

Terms and conditions

Bank statements for the last 6 months for Non Salary Transfer customers

Terms and conditions applied  
Offer is valid until 31 May 2023 SAMA

Application Form

Specifications for the car displayed and the image may vary for the purpose of advertising only.

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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 100,000 SAR 5 years  11.79 %   1,621  45,000

Example: 1 - Salary Transfer Customer:

Asset Type Loan/Finance Amount
Maturity in Years APR  Monthly Repayment Amount  Residual Value
car 100,000 SAR 5 years  11.79 %   1,621  45,000

Example: 2 - Non Salary Transfer Customer:

Asset Type Loan/Finance Amount  
Down Payment 
Maturity in Years APR  Monthly Repayment Amount  Residual Value
car 100,000 SAR  5,000 5 years  14.46%   1,769  35,000

* 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 50% 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.

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