Used Cars Financing
We also offer you a unique opportunity to rent used cars as an economical option to meet your needs according to your budget.
Used Cars vehicles financing
At alrajhi bank we are committed to constantly developing better products and quality service for our customers. In addition to leasing new vehicles, we also offer you the unique opportunity of leasing used cars.
Used Cars leasing program is tailored as an economical option to meet your requirements & budgets. We strive to offer competitive and flexible products , while ensuring quick & easy access to meet your requirements.
Salary Transferred Customers to alrajhi bank
- *Down payment starting from 0%
- *Admin Fees 0.5% or SAR 2,500 whatever is lower
- Balloon Payment up to 25%
- Lease tenor up to 60 months
- Low Annual Percentage Rate starting from 11.20%
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Terms and Conditions
- Offer is valid until 24 Aug 2024
- Customers with Salary transfer and Non Salary Transfer are eligible
- Minimum income requirement is SAR 4,000 (varies for Salary Transfer & Non Salary Transfer customers)
- Minimum down payment requirement is 10% (varies for Salary Transfer & Non Salary Transfer customers)
- Maximum balloon payment allowed is 25% (varies for Salary Transfer & Non Salary Transfer customers)
- Vehicles sourced from franchise dealership & ARB approved sub-dealers
- Up to 2019 models are eligible for financing (subject to maximum car mileage)
- Maximum lease tenure up to 60 months (varies from manufacturing year)
- Maximum millage is 80,000 KM (varies on manufacturing year)
- Admin Fee of 1% or SAR 5,000 whatever is lower
- Vehicle value should not exceed ARB assessed value
