Car Finance Solutions
The bank offers a range of Shariah compliant leasing and financing solutions suitable for all customer segments
A product that offers customers facilities that allow them to buy a new car through deferred monthly installments. The new vehicle would be under the ownership of Al Rajhi Bank and then leased to the customer upon receiving his signature. The customer receives a "car rental contract" in exchange for a monthly payment for a specified period agreed upon by both parties. The vehicle is owned by the bank until the customer pays the full amount owed. Detailed in the agreed contract include specified payment dates excluding any delays in addition to the agreed upon down payment.
The purchase of a car in monthly installments through the bank which is directly registered in the customer’s name, provided the full amount is paid off in a period that does not exceed 60 months
Transfer of Contract
A program that allows customers to transfer their contract/ vehicle to another customer as per the credit terms and conditions set and approved by the bank.
Drive away in the car of your dreams
Al Rajhi Bank has 11 showrooms at different locations around the Kingdom, displaying a wide collection of cars, and offering financing through installment and lease options.