Auto Leasing Offer

Salary Transferred Customers to Al Rajhi Bank

  • Down payment 0%*.
  • Admin Fees 0%*.
  • 50/50 program is available.
  • Balloon Payment till 40%.
  • Term 60 Months.
  • Low Annual Percentage Rate (including insurance) starting from 4.76%.
  • Terms and Conditions Apply

Non-Salary Transferred Customers

  • Down payment starts from 5% .
  • Zero Admin 0%*.
  • 50/50 program is available.
  • Balloon Payment till 35%.
  • Term 60 Months.
  • Low Annual Percentage Rate (including insurance) starting from 7.49%
  • Terms and Conditions Apply

How to apply?

  • Please visit our nearest Al Rajhi Bank branch, or visit the approved Dealers or Sub Dealers Showrooms.
  • Call us at 8001241222.
  • Apply Now
  • Finance Calculator

Terms and Conditions:

  • Offer is valid until 04 July 2021 or while supplies last.
  • Specifications for the car displayed and the image may vary for the purpose of advertising only.
  • Example 1:

    Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount Residual Value
    Car 75,000 SAR 5 years 4.76% 959 SAR 30,000 SAR

    Example 2:

    Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount Residual Value
    Car 90,000 SAR 5 years 4.76% 1,150 SAR 36,000 SAR

    Example 3:

    Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount Residual Value
    Car 54,000 SAR 5 years 5.05 % 699 SAR 21,600 SAR

    *APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer.

    Al Rajhi Bank is controlled and supervised by SAMA*

    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:

    Asset Type Loan/Finance Amount Maturity in Years APR Monthly Repayment Amount Residual Value
    Car 75,000 SAR 5 years 4.76% 959 SAR 30,000 SAR

    *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 0 % to 35% 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.