Car Finance
Whether you’re expanding your business operations or upgrading your vehicles, alrajhi bank car finance solution offer's the support you need.
Car Finance
Accelerate your business with alrajhi car Finance tailored solutions that put your fleet on the road, faster. Whether you’re expanding your business operations or upgrading your vehicles, our Shariah complaint financing solutions offer the flexibility, speed, and support you need to get moving with confidence.
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About our service:
Growing your fleet or improving your operational efficiency has never been easier. Let us help you spread the cost of acquiring new cars.
- Quick processing
- Attractive profit rate
- Affordable repayment structure
Key Features:
Flexible Financing Options
Access financing of up to SAR 2 million for new vehicles, depending on your existing monthly loan obligations. Customers with strong credit profiles may qualify for financing up to SAR 5 million, subject to bank approval.
Get your business moving
Our auto finance solution provides Shariah compliant and competitively priced funding for businesses involved in passenger transport, rental services, tourism, or any operation requiring an income generating vehicle fleet.
Comprehensive Takaful Coverage
Enjoy peace of mind with full Takaful insurance coverage on your vehicle throughout the lease term, included as part of the financing package.
Hassle Free Vehicle Selection
Pick your desired vehicle(s) from a showroom of your choice. Our team will support you through the quotation and financing process, or you can visit your nearest alrajhi or SME branch for assistance
Eligibility:
- Copy of the Commercial Registration and operating license.
- Audited financial statements of the business.
- Wide range of acceptable collateral.
- Clean credit report approved by Bayan Credit Bureau.
Сommercial registration
A valid copy of the commercial register/ industrial license.
Copy of National ID for owner/s.
A copy of the national identity / residence permit for the owner of the sole proprietorship / and all the partners if it is a company.
Audited financial statements
Audited financial statements for the last three years of the business activity.
Social insurance
A copy of the valid certificate of social insurance
Company's Memorandum
Company's Memorandum of association / decisions of the founding partners.
Nitaqat Certificate
A copy of the valid Nitaqat Certificate (Labor office).
Department of Zakat Certificate
A copy of valid certificate from the Department of Zakat.
Establishment’s profile
Establishment’s profile
How to apply
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