About offer

100% refund on the first-year comprehensive insurance policy for eligible customers of the auto lease financing product on new applications

Terms and Conditions

-Offer include a 100% refund on first-year comprehensive insurance policy cost (excluding VAT.)
-Only individual customers who are eligible for new auto leasing program are included in this offer with the condition that the vehicle to be collected by customer within 10 days of campaign expiry date.
-The maximum refund amount is capped at 2,000 SAR (excluding VAT) per customer.
-The refund will be credited to the customer's account within 30 working days of car delivery.
-Offer does not apply in case customer canceled his/her Auto Lease finance.
-Offer doesn’t include rescheduling requests, Lease transfer, Car Murabaha or any other product other than new auto leasing program.
- alrajhi bank reserves the right to amend, withhold, or terminate the campaign at its discretion.
-Offer valid for all cars purchased and financed via approved Alrajhi bank’s dealer’s and sub-dealers except the following ones: Al Waalan Trading Company, Haji Husein Alireza and Co .Ltd, Almajdouie Motors Company, Tajeer Motor Company, Al Jazirah Vehicles Agencies Co., Automotive Distribution and Marketing Company Ltd.
-Finance period up to 60 months.
-competitive annual profit rates start from 1.10%.
-Customers can apply to the offer through all ARB channels.
-Exemption of Finance Amount in case of passing away or total disability (God Forbid).
-Product terms and conditions apply