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   Auto Leasing
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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.

Campaign offer:

  • 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

Conditions:

  • 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 Documents:

  • 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.


Additional Documents Required for the Non-Transferred Salaries:
  • 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*