We appreciate your interest in financing your vehicle business requirements through Abdul Latif Jameel United Finance Co.

The company finances its clients through the Murabahah and leasing systems, its financing services cover the following products:

  • Most of Vehicle types and brands, whether new or used.
  • Large buses for companies and institutions working in the field of Hajj and Umrah.
  • Medical devices and equipment for hospitals and the health sector.
  • Home and electronic appliances.
  • Heavy equipment.

Documents required for enterprise and corporate financing:

Documnet Enterprise Corporate
An application for the establishment papers seeking financing stating the number and type of cars certified by the Chamber of Commerce
Financial statement and approved budget for the last year
SIMA Report
Valid commercial registration
Bank statement for the facility for the last six months
A valid copy of the identity of the facility owner
A copy of practice the activity license
Certificate of VAT registration
Articles of partnership for the companies, if one of the partners is a company, a copy of the commercial registration and the Articles of partnership is also required
A copy of the social insurance (GOSI)
A copy of the Department of Zakat and Tax Certificate
Photocopies of contracts and agreements concluded by the enterprise or corporate (existing and future) which related to its activities stamped by the branch and signed by the branch manager
Approved finance statement for the last two years in case the accounts receivable exceed 10 million riyals

Financial leasing:

  • The financing period are two years, three years and four years.
  • 1% Residual Value.
  • 10% down payment.
The funding grant policy is subject to evaluation by the Finance Sectors Department and the Credit Committee.

An illustrative example:

Product Finance rate APR Admin Fees Min – Max administrative fees
Financing car through financial leasing From 8% to 11.5% From % to % 1% 0 To 5000
This table is an example. The annual percentage rate may vary according to the amount, maturity period and credit score of each client.