Offer Details

50/50 auto finance for luxury brands

alrajhi bank is pleased to offer you the best car leasing offer for the car luxury brands with 50/50 auto financing program

Salary Transferred Customers to Al Rajhi Bank

  1. Down payment 50%.
  2. Admin Fees 1% or 5,000 SAR, whichever is less.
  3. Balloon Payment 50%..
  4. Term 36 Months.
  5. Low Annual Percentage Rate (including insurance) starting from 7.89%.

Non Salary Transferred Customers

  1. Down payment 50%.
  2. Admin Fees 1% or 5,000 SAR, whichever is less.
  3. Balloon Payment 50%.
  4. Term 36 Months.
  5. Low Annual Percentage Rate (including insurance) starting from 8.40%.

Terms and Conditions:

  1. Terms and conditions are applied.
  2. Offer is valid until 30th Sep 2022 or while supplies last.
  3. Specifications for the car displayed and the image may vary for the purpose of advertising only.
  4. Financial Calculator

Example 1 : Salary Transfer Customer

Asset Type Loan/Finance Amount Down Payment Maturity in Years APR Monthly Repayment Amount Residual Value
Car 100,000 50,000 36 Months 7.89% 445 50,000

Example 2 : Non salary transfer

Asset Type Loan/Finance Amount Down Payment Maturity in Years APR Monthly Repayment Amount Residual Value
Car 100,000 50,000 36 Months 8.40% 466 50,000
*APR may differ depending on the amount and the maturity period different from above and subject to credit scoring of each customer

How to apply

  1. Apply Now via alrajhi bank app
  2. Please visit your nearest alrajhi bank branch, or visit any dealer’s showrooms.
  3. Call 8001241222
  4. Register your interest
*alrajhi Bank is controlled and supervised by SAMA

Disclosure of Interest Rates on Financing and Saving

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.

Illustration:

Asset Type Loan/Finance Amount Down Payment Maturity in Years APR Monthly Repayment Amount Residual Value
Car 100,000 50,000 36 Months 7.89% 445 50,000

*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 to 50% 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.


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