Benefit from car fleet financing
Growing your fleet or improving your operational efficiency has never been easier. Let us help you spread the cost of acquiring new cars.
- Quick processing
- Attractive profit rate
- Affordable repayment structure
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Financing Solutions
Get financing up to SAR 2 million for new vehicles based on your total monthly instalments on existing loans (if any). Customers with a good credit history can be financed up to SAR 5 million, subject to bank approval.
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Get your business moving
Our auto financing program offers flexible, competitive shariah compliant financing for businesses engaged in passenger transport, vehicle rental services, tourism activities and any other business that operates an income-generating fleet of vehicles.
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Takaful Insurance
As part of our finance offering, your vehicle is covered by Takaful (insurance) for the whole lease period.
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Vehicle selection
Choose the Vehicle/s you require and get a quotation from the showroom, our representative will assist you with all the finance details, alternatively you can visit any branch/ SME branch near you.
How to Apply
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Am i eligible?
Eligibility Criteria
- Commercial Registration and activity license
- Audited Financials
- Large range of accepted Collateral
- Clean credit history at Bayan Credit Bureau
Required Documents
- A valid copy of the commercial register/ industrial license.
- Audited financial statements for the last three years of the business activity.
- A copy of the national identity / residence permit for the owner of the sole proprietorship / and all the partners if it is a company.
- Company's Memorandum of association / decisions of the founding partners.
- A copy of the valid certificate of social insurance.
- A copy of the valid Nitaqat Certificate (Labor office).
- A copy of valid certificate from the Department of Zakat.
- Establishment’s profile
FOR ENQUIRIES CALL:
+966 920 004 550