Your Auto Leasing From Riyad Bank
This program fulfills your needs by allowing you to lease a car and eventually own it at the end of, or during the lease period, without burdening you with the total buying price at the start . This program is approved by the Islamic Banking Shari'a Committee in Riyad Bank.
- Profit margin starting from 2.69%
- No down payment
Features and Benefits:
- Shari’a compliant as per the Riyad Bank Islamic Banking Shari’a Committee.
- No salary transfer required.
- No down payment required (optional).
- No guarantor
- Final instilment (optional)
- Includes a comprehensive insurance program.
- The ability to buy a vehicle with a value up to SAR 500,000.
- Simple financing conditions with installments extending up to 5 years.
- Financing available to Saudis and Residents
- The total salary should not be less than SAR 2,500 for the transferred salary.
- The total salary should not be less than SAR 4,000 for the non-transferred salary.
- Applicant must be a governmental or private sector employee.
- Applicant must be 18 years of age.
- Service in current employment must be more than 3 months for the non-transferred salary.
Required for the
- Completed lease application form.
- Copy of a valid ID / a residence permit.
- Copy of your valid driving license.
- Letter of obligation for the salary transfer from the work place for the transferred salary.
- Salary slip from work place.
- A blueprint of work and house location.
- A statement of account for the past 3 months (last 3 salaries).
For more information, please call 8001242020.
Terms and Conditions apply*