murabaha finance

Auto Finance made easy

Auto Finance is a tailored made flexible solution designed to enable you to Finance a car you want.

 

  1. Quick Processing time.
  2. Salary Transfer not mandatory requirement.
  3. Flexible finance tenure.
  4. Simple documentation
  5. Competitive profit rates.
  6. No insurance hassle.
  7. Balloon Payment & Balloon Refinance option available.

Your Monthly Repayment
SAR 0*

Enter information to calculate your car finance plan

Your Finance Amount
SAR 0*
Total Financing Amount Payable
SAR 0*
APR
0%
* Terms and Conditions

This calculator and is intended for use as a guide only. Results calculated do not constitute an offer and have no legal effect on any contracts signed between you nd Al Rajhi Bank.

Avoid Risks, get the safe finance solution:

Get the most secure finance, Al Rajhi bank customers can obtain refinance at competitive rates, without going to unreliable financers. Avoid risks, and benefit from Al Rajhi bank solutions with the peace of mind that you deserve.

How to Apply

  • Retiree
  • Saudi Nationals
  • Non Saudi Nationals

Eligibility & Criteria

  • Minimum income requirement starting from SAR 1900.00
  • Maximum age for Civilians 65 years
  • Maximum age for Military: subject to their rank at retirement
  • Saudi Nationals Only

Required Documents

  • Quotation addressed to Al Rajhi Bank and customer
  • Completed Application form
  • Copy of Valid ID
  • Copy of evidence of income from Government

SEND US AN EMAIL

contact@alrajhibank.com.sa

FOR ENQUIRIES IN KSA CALL TOLL FREE:

+966 92 000 5544

Eligibility & Criteria

  • Minimum income requirement starting from SAR 2000
  • Maximum age for Civilians 65 years
  • Maximum age for Military: subject to their rank at retirement

Required Documents

  • Quotation addressed to Al Rajhi Bank and customer
  • Completed Application form
  • Copy of Valid Saudi ID
  • National address
  • Salary letter attested by the Ministry of Commerce
  • Bank statements for the last 6 months for Non Salary Transfer customers
  • Location map* Further documents may be required for self employed customers
  • Copy of the Chamber of commerce certificate attested by Ministry of Commerce
  • Copy of the Article of association attested by Ministry of Commerce

SEND US AN EMAIL

contact@alrajhibank.com.sa

FOR ENQUIRIES IN KSA CALL TOLL FREE:

+966 92 000 5544

Eligibility & Criteria

  • Minimum income requirement starting from SAR 2000
  • Maximum age for Civilians 65 years
  • Maximum age for Military: subject to their rank at retirement

Required Documents

  • Quotation addressed to Al Rajhi Bank and customer
  • Completed Application form
  • Copy of Valid Saudi IQAMA
  • Copy of Passport
  • National address
  • Salary letter attested by the Ministry of Commerce
  • Bank statements for the last 6 months for Non Salary Transfer customers
  • Location map* Further documents may be required for self employed customers
  • Copy of the Chamber of commerce certificate attested by Ministry of Commerce
  • Copy of the Article of association attested by Ministry of Commerce

SEND US AN EMAIL

contact@alrajhibank.com.sa

FOR ENQUIRIES IN KSA CALL TOLL FREE:

+966 92 000 5544
Frequently Asked Questions:
Murabha Car Finance Solutions
  • What is Car Murabaha?
    Car Murabaha is structured under the shariah principle of Murabaha where Al Rajhi Bank buys the car from the seller first and post-acquisition sells the car to the customer over the agreed period (cost plus profit). You own the car during and after the financing term.
  • How quickly I can get the Car?
    We are determined to serve you as quickly as possible. On average the whole process from your request till handover takes average of 5 working days.
  • How long is the lease term?
    It is up to 5 years, as long as you don’t exceed retirement age on your last monthly payment.