Equipment Finance

Finance your equipment today and scale with confidence

Equipment Finance

The Equipment Finance program is designed to support SMEs and contractors in acquiring essential heavy machinery and construction equipment through flexible Shariah-compliant financing. The program caters to both Al Rajhi Bank (ARB) and non-ARB customers, enabling businesses to expand operational capacity without upfront capital burden.

Key Equipment Finance Features:

Discover the unique advantages that make our program stand out.

Competitive Profit Rate

Starting from as low as 9%

Financing Limit

Up to SAR 10 million

Eligible Equipment

TAMM registered Equipment such as Excavators, Wheel Loaders, Bulldoze, Backhoe Loaders, and more (Ensign, Liebherr etc.)

Flexible Tenure

Up to 60 months (5 years)

Customer Eligibility

Available for both ARB and non-ARB customers

Minimum Business Vintage

As low as 2 years of operation

Insurance Coverage

Equipment insurance included within financing

Management Fees

1% from the financing Amount

Ownership Structure

Shariah-compliant (Ijarah)

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Required Document

A request on the official letterhead of the Enterprise, expressing interest to obtain financing, advising the number and type of products, and attested by the Chamber of Commerce
National address.
Valid commercial registration.
Quotation for the Equipment from the Authorized Dealer.
A copy of the valid ID of the Owners of the Enterprise.
Proof of the principal place of business (Municipality License).
A copy of the Department of Zakat and Tax Certificate.
Chamber of commerce certificate.
Municipality license.

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Ways to apply

Fill up the application form - Fill out application form by providing the necessary information
Submit the Application - Submit the application form, providing the necessary information to initiate the financing process quickly and efficiently
Our Representative Will Be Happy to Contact You and finalize the financing details
Visit the Branch

Terms and Conditions

Financing is only available for wheeled equipment
Down payment varies depending on the type of equipment
The bank is regulated and supervised by the Saudi Central Bank
alrajhi bank's terms and conditions apply

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How to apply

Discover the alrajhi bank business app

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Equipment Finance

Finance your equipment today and scale with confidence