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National day offers for Auto leasing
Auto Finance:

National day offers for Auto leasing:
- Salary Transferred Customers to Al Rajhi Bank
- Down payment 0%
- Admin Fees 0%
- Balloon Payment till 45%
- Term 60 Months
- Low Annual Percentage Rate (including insurance) starting from 4.55 %

Transferred Customers :
- Down payment starts from 5%
- Zero Admin 0%
- Balloon Payment till 35%
- Term 60 Months
- Low Annual Percentage Rate (including insurance) starting from 9.87%
How to apply:
- Please visit your nearest alrajhi bank branch, or visit any dealer’s showrooms. Or call 8001241222
- Apply online via the website
- Through alrajhi bank app
- via Alrajhi bank App or nearest branch or call 8001241222
Terms and conditions:
- Terms and conditions are applying
- Offer is valid until 24 Sep. 2023
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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.
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 | 4.55 % | 1,192 | 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 | 9.87 % | 1,514 | 35,000 |
Example: 3 - Salary Transferred with different car price :
Asset Type | Loan/Finance Amount | ||||
Maturity in Years | APR | Monthly Repayment Amount | Residual Value | ||
car | 80,000 SAR | 5 years | 4.55 % | 953 | 36,000 |
* 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:
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:
TThe 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.
*Al Rajhi Bank is controlled and supervised by SAMA
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Frequently Asked Questions:
- Customer should be working with one of Banks approved employers.
- Minimum length of services should be 3 months with minimum 3 salaries credited in customers account.
- Minimum income requirement starts from SAR 4,000.
- Minimum customers age should be 21 years & maximum age at lease maturity should not be more than 65 years or retirement whatever comes first.
- Non Saudi Nationals should be working with employer under Nitaqat Program.
- Customers from both Banks approved & non approved employers can obtain auto lease facility.
- Minimum length of services should be 3 months with minimum 2 salaries credited in customers account.
- Minimum income requirement starts from SAR 2,000.
- Minimum customers age should be 18 years & maximum age at lease maturity should not be more than 65 years or retirement whatever comes first.
- Non Saudi Nationals should be working with employer under Nitaqat Program.
- Minimum length of services should be 3 months with minimum 2 salaries credited in customers account.
- Minimum income requirement starts from SAR 2,000.
- Minimum customers age should be 18 years & maximum age at lease maturity should not be more than retirement age as per Ranks.
- Minimum length of services should be 3 months with minimum 3 salaries credited in customers account.
- Minimum income requirement starts from SAR 7,000.
- Minimum customers age should be 18 years & maximum age at lease maturity should not be more than retirement age as per Ranks.
- Minimum pension is SAR 1,900
- Minimum 3 pensions are credited in their account with Bank.
- Maximum age of pensioner at lease maturity is 70 years.