Auto lease to own Financing

Car Finance Solutions

The bank offers a range of Shariah compliant leasing and financing solutions suitable for all customer segments.

Insurance

The bank provides a minimum of three comprehensive insurance offers as per the rules and regulations. The most affordable offer is then chosen.

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
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* 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.

How to Apply

Salary Transfer Customers

  • SAUDI NATIONALS
  • NON SAUDI NATIONALS
  • RETIREE

Here are the things that we’ll need from you…

Eligibility & Criteria

  • Minimum income requirement starting from SAR 2000
  • Maximum age of 65 years

Required Documents

  • Quotation
  • Completed Application form
  • Copy of Valid Saudi ID 
  • Employment letter

FOR ENQUIRIES CALL:

+9668001241222

Here are the things that we’ll need from you…

Eligibility & Criteria

  • Minimum income requirement starting from SAR 2000
  • Maximum age of 65 years

Required Documents

  • Quotation
  • Completed Application form
  • Copy of Valid Saudi IQAMA
  • Copy of Passport 
  • Employment letter

FOR ENQUIRIES CALL:

+9668001241222

Here are the things that we’ll need from you…

Eligibility & Criteria

  • Minimum monthly requirement starting from SAR 1900
  • Maximum age for Retired Customers: 65 years or less at the time of the lease maturity

Required Documents

  • Quotation
  • Completed Application form
  • Copy of Valid ID for Saudi National
  • Bank statements for the last six months

FOR ENQUIRIES CALL:

+9668001241222

How to Apply

Non Salary Transfer Customers

  • Am I Eligible?

Here are the things that we’ll need from you…

Eligibility & Criteria

    Minimum income requirement:

  • On Job Customers: SAR 2000
  • Retired customers: SAR 1900
  • Max Age

  • On Job Customers: 60 years or less at the time of lease maturity
  • Retired Customers: 65 years or less at the time of lease maturity

Required Documents

  • Quotation
  • Duly Filled Application form
  • Copy of Driving License
  • Copy of Valid ID for Saudi National
  • Copy of Iqama for Expats
  • Copy of Residence Visa for Expats
  • Employment letter for on job applicants
  • Proof of income for Retired applicants
  • Last six month bank statement

FOR ENQUIRIES CALL:

+9668001241222
Frequently Asked Questions:
Auto Lease to Own Finance
  • What are the requirements for which residents without a salary transfer receive auto leasing?
    • Minimum salary of 5,000 SAR .
    • Minimum duration of service at the current job should be 6 months to confirm employment status and to transfer 2 salaries to Al Rajhi Bank or the last salary to Al Rajhi Bank and the previous 2 salaries to other banks.
    • Eligible customers should be between 21 and 60 years of age.
    • Employer must be accredited.
  • What are the requirements for which Saudis receive auto financing through Murabaha?
    • Minimum salary of 2,000 SAR .
    • Minimum duration of service at the current job should be one month to confirm employment status.
    • Customers between the ages of 21 and 60 years are eligible for financing.
    • Employer must be accredited.
  • What are the requirements for which retirees receive auto financing through Murabaha?
    • Minimum salary of 1,900 SAR.
    • Eligible customers cannot be older than 70 years of age.
    • Employer must be accredited.
  • What are the requirements for which military personnel receive auto financing through Murabaha?
    • Minimum salary of 2,000 SAR.
    • Minimum duration of service at the current job should be one month to confirm employment status.
    • Eligible customers should not be younger than 21 or older than their required retirement age.
  • What are the requirements for which non Saudi receive auto financing through Murabaha?
    • Minimum salary of 2,000 SAR.
    • Minimum duration of service at the current job should be 12 months to confirm employment status.
    • Eligible customers should be between 21 and 60 years of age, subject to employment status confirmation.
  • What are the requirements for which Saudis with a salary transfer receive auto leasing?
    • Minimum salary of 2,000 SAR .
    • Minimum duration of service at the current job should be one month to confirm employment status and to transfer 2 salaries to Al Rajhi Bank or the last salary to Al Rajhi Bank and the previous 2 salaries to other banks.
    • Minimum of 3 months’ salaries transferred to Al Rajhi Bank are required by some employees.
    • Eligible customers should be between 18 and 60 years of age (financing period + customer’s age = 60)
    • Employer must be accredited.
  • What are the requirements for which military personnel with a salary transfer receive auto leasing?
    • Minimum salary of 2,000 SAR .
    • Minimum duration of service at the current job should be one month to confirm employment status and to transfer 2 salaries to Al Rajhi Bank or the last salary to Al Rajhi Bank and the previous 2 salaries to other banks.
    • Minimum of 3 months’ salaries transferred to Al Rajhi Bank are required by some employees.
    • Eligible customers should not be younger than 18 or older than their required retirement age.
  • What are the requirements for which retirees with a salary transfer receive auto leasing?
    • Minimum salary of 1,900 SAR .
    • Eligible customers should not be older than 60 years of age.
    • Employer must be accredited.
  • What are the requirements for which Saudis without a salary transfer receive auto leasing?
    • Minimum salary of 5,000 SAR .
    • Minimum duration of service at the current job should be 6 months to confirm employment status and to transfer 2 salaries to Al Rajhi Bank or the last salary to Al Rajhi Bank and the previous 2 salaries to other banks.
    • Eligible customers should be between 18 and 60 years of age.
    • Employer must be accredited.
    • Customer’s headquarters must be located in the following cities: Riyadh, Jeddah, Dammam, Khobar, and Jubail for military personnels.
  • What are the requirements for which military personnel without a salary transfer receive auto leasing?
    • Minimum salary of 5,000 SAR .
    • Minimum duration of service at the current job should be 6 months to confirm employment status and to transfer 2 salaries to Al Rajhi Bank or the last salary to Al Rajhi Bank and the previous 2 salaries to other banks.
    • Eligible customers should be between 18 and the required retirement age.
    • Employer must be accredited.
    • Customer’s headquarters must be located in the following cities: Riyadh, Jeddah, Dammam, Khobar, and Jubail for military personnels.