Auto lease financing allows you to own a new or used vehicle through our partnerships with many showrooms and agencies through flexible installments. Saudis and residents of Saudi Arabia can apply for this solution where they can have the car of their choice through digital channels or by visiting one of our branches.
Auto leasing terms and conditions:
- Includes employees and retired individual.
- Age of applicant must be between 21 and 60
- Minimum salary of 3500 riyals.
- The minimum financing amount is not less than 10,000 riyals, and the maximum financing amount is 250,000 riyals.
- Duration of service is at least 4 months for the private sector and at least 3 months for the semi-governmental sector and at least 1 month for the governmental sector.
- The APR ranges between 10% – 16% (insurance excluded) and varies according to financing amount and repayment period.
- The repayment period ranges from 6 months to 60 months.
- The percentage of salary deduction is up to 45%.