Conditions

  • The guest must be a government or a private sector employee.
  • The guest’s minimum monthly salary must be 3,000 SR.
  • The guest’s service period must be no less than a month for government sector employees and three months for private sector employees.
  • Provide a Saudi guarantor who works in the government sector or woks at a major corporate.
  • The guest’s obligations rate must be in line with the regulations.

Required Documents:

  • A copy of the ID with the original to compare.
  • A newly issued Letter of Introduction from the employer, certified by the responsible authority.
  • A copy of the valid driver’s license (with the original to compare).
  • Provide all above required documents for the guarantor.

Product
Amount
SR
Product Type

Financial Leasing is a method of paying for the use of a vehicle over a specified period of time. It typically starts at minimum of 12 months and provides a different procedure for termination or vehicle swapping.

Monthly Income

Indicate your monthly income. Your leasing payment should be 40% of your net monthly income or less.

SAR
Down Payment

Waiver of down payment can be allowed when the monthly lease payment is at least 40% of the net monthly income.

Read more about leasing conditions.
SAR
Residual Value % (Last Payment)

Last Payment.

%
Period

Financing Results

Period

Monthly Payment

Down Payment

Residual Payment

Annual Percentage Rate (APR)

Total Cost