Auto Finance made easy
Auto Finance is a tailored made flexible solution designed to enable you to Finance a car you want.
- Quick Processing time.
- Salary Transfer not mandatory requirement.
- Flexible finance tenure.
- Simple documentation
- Competitive profit rates.
- No insurance hassle.
- Balloon Payment & Balloon Refinance option available.
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Car Finance Roadmap
Setting new standards in Auto Financing
We are committed to constantly developing better products and quality service for our customers. Our competitive and flexible Car Finance product give you the freedom to own cars in a quick and easy manner while remaining true to Shariah principles.
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Murabaha Finance
Shariah Structure
We, at your request purchase the desired car from an authorized dealer / Seller & finance the amount to you at an agreed profit & tenure. On a monthly basis you pay us the installments for the financed amount & at the end of the agreed tenure after all finance installments are paid, the Bank releases the car on your name.
Car Lease Calculator
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.
You only need Auto Insurance for your car
Saudi Arabia records 526,000 road accidents annually
Vehicle insurance covers you against damages to your own vehicle and indemnities to third party vehicles.
How to Apply
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Retiree
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Saudi Nationals
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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
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
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
Murabha Car Finance Solutions
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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.
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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.
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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.