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Haval Offer

Enjoy great deals from Haval 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 0%.
  3. *Balloon Payment till up to 50% for 36 months payment for selected cars.
  4. Term 60 Months.
  5. Low Annual Percentage Rate (including insurance) starting from 5.39%

Non-Salary Transferred Customers

  1. *Down payment starts from 15%.
  2. Admin Fees 0%.
  3. *Balloon Payment till 50%.
  4. Term 36 Months up to 60 Months.
  5. Low Annual Percentage Rate (including insurance) starting from 10.12%

Terms and conditions

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

Terms and conditions applied  
Offer is valid until 31 Oct 2022 or while supplies last. 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  5.39 %   1,388  35,000

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  5.39 %   1,388  35,000

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  15,000 5 years  7.85 %   1,363  25,000

* 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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Car finance Calculator :

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* Terms and Conditions : This calculator and is intended for use as a gue only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you and alrajhi bank.


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* Terms and Conditions : This calculator and is intended for use as a gue only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you and alrajhi bank.


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Instant access to all the best deals and discounts

Frequently Asked Questions:

Generally there is an admin fee of 1% of finance amount or SAR 5,000 whatever is lower
Flexi Auto Finance is structured under the shariah principle of Ijara where Al Rajhi Bank buys the car from the seller first and post-acquisition leases it to the customer over an agreed period. During the Lease period the customer pays rent and at the end of the lease period bank transfers ownership of the vehicle to the customer.
Auto Leasing Is offered under sharia structure of Ijarah muntahia bi tamleek where by at the end of lease contract after clearance of all liabilities by customers, bank will surrender its ownership of the asset to customers.
  1. Customer should be working with one of Banks approved employers.
  2. Minimum length of services should be 3 months with minimum 3 salaries credited in customers account.
  3. Minimum income requirement starts from SAR 4,000.
  4. Minimum customers age should be 21 years & maximum age at lease maturity should not be more than 65 years or retirement whatever comes first.
  5. Non Saudi Nationals should be working with employer under Nitaqat Program.
  1. Customers from both Banks approved & non approved employers can obtain auto lease facility.
  2. Minimum length of services should be 3 months with minimum 2 salaries credited in customers account.
  3. Minimum income requirement starts from SAR 2,000.
  4. Minimum customers age should be 18 years & maximum age at lease maturity should not be more than 65 years or retirement whatever comes first.
  5. Non Saudi Nationals should be working with employer under Nitaqat Program.
Nitaqat is a Saudization program introduced in 2011 by Ministry of Labor and Social Development (MSLD). Program is an initiative to create more jobs opportunities for locals in the private sector, and contribute to reaching the Nationalization targets of the National Transformation Program 2020 and Saudi Vision 2030.
  1. Minimum length of services should be 3 months with minimum 2 salaries credited in customers account.
  2. Minimum income requirement starts from SAR 2,000.
  3. Minimum customers age should be 18 years & maximum age at lease maturity should not be more than retirement age as per Ranks.
  1. Minimum length of services should be 3 months with minimum 3 salaries credited in customers account.
  2. Minimum income requirement starts from SAR 7,000.
  3. Minimum customers age should be 18 years & maximum age at lease maturity should not be more than retirement age as per Ranks.
Yes pensioners that transfer their pensions to Bank can get auto Lease facility provided.
  1. Minimum pension is SAR 1,900
  2. Minimum 3 pensions are credited in their account with Bank.
  3. Maximum age of pensioner at lease maturity is 70 years.

1- Minimum salary 5,000

2- The minimum service period is

3 months 3- The minimum age is 18 years

4- The upper age limit is 60 years

5- Attach an account statement showing the deposit of the last 3 salaries with the other bank

6- The workplace must be approved by the bank

1- Minimum salary 5,000

2- The minimum service period is one month

3- The minimum age is 18 years

4- The upper age limit (according to the retirement age in the military rank)

5- Attach an account statement showing the deposit of the last 3 salaries with the other bank