Fleet Finance for Micro, Small and Medium Enterprises..
Al Rajhi Bank provides Fleet Finance product that support enterprises Micro, Small and Medium Businesses to purchase multiple vehicles (personal and/or commercial vehicles) through leasing financing
Features and Benefit:
- Finance tenure starting from 12 months up to 60 months *
- Finance amount starting as low as SAR 25K up to SAR 5MM*
- Equal repayment through Monthly Installments
- Down payment starting from 10%.
- Coverage insurance included
- 3 Months grace period*
- Al Rajhi Bank Term and Condition applied.
- Grace Period till December 31, 2020.
- Specifications for the car displayed and the image may vary for the purpose of advertising only
- Al Rajhi Bank is controlled and supervised by SAMA
For more information about the product and the calculation mechanism call 920018799
How to Apply:
- Please visit your nearest Al Rajhi Bank branch
- Contact SME and POS customer care 920018799
- Apply Online
Terms and Conditions Applied
The Annual Percentage Rate (APR)
| Finance Type | APR* | Management fees | Minimum or Maximum Management fees |
| Fleet Finance for Business | 9.50% - 11.50% | 1%** | "Not applicable depended of finance amount" |
*APR may differ depending on the amount, management fees, and the maturity period different from above and subject to each customer.
*Any information or rates mentioned are for example only. All product and service delivery is subject to the credit policies of Al Rajhi Bank.
**Excluding VAT