Al Rajhi Bank – Car Lease with Salary Transfer New Features 2024

Minimum Salary

SAR 2,000

Monthly Payment

SAR 1,454

Flat Rate


Down Payment

0 %

Salary Transfer


Early Settlement Fees


Maximum Term

5 Years

Reducing Rate


Eligibility Criteria:

For Saudi Nationals:

Government Sector:

  • Minimum Monthly Salary: SAR 2,000
  • Age Range: 18-60 years
  • Minimum Employment Period: 1 month

Private Sector:

  • Minimum Monthly Salary: SAR 3,000 to SAR 5,000
  • Age Range: 21-25 years (Minimum) to 60 years (Maximum)
  • Minimum Employment Period: 3-6 months

For Expatriates:

Government Sector:

  • Minimum Monthly Salary: SAR 3,500
  • Age Range: 21-60 years
  • Minimum Employment Period: 12 months

Private Sector:

  • Minimum Monthly Salary: SAR 3,500 to SAR 5,000
  • Age Range: 25-60 years
  • Minimum Employment Period: 12-18 months

Required Documents:

  • Copy of valid ID
  • Employment letter (For private sector, must be stamped by the Chamber of Commerce)
  • Car price quotation
  • Completed application form
  • Valid driving license (Authorization for one additional driver with a valid Saudi license and within the eligible age range)
  • Location maps of home and workplace

Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank-Islamic
Abu Dhabi Islamic Bank
Ajman Bank
Arab Bank
Commercial Bank International
Commercial Bank of Dubai
Dubai Islamic Bank
Emirates Islamic
Emirates NBD
Finance House
First Abu Dhabi Bank
National Bank of Fujairah
National Bank of Umm Al Qaiwain
Noor Bank
Sharjah Islamic Bank
Standard Chartered Bank
United Arab Bank
simplylife from ADCB

Al Rajhi Bank - Car Lease with Salary Transfer

Al Rajhi Bank, headquartered in Riyadh, Saudi Arabia, is one of the largest Islamic banks in the world and a key player in the Saudi financial sector. Established in 1957, it offers a wide range of banking and financial services, adhering to Islamic principles. With a strong focus on innovation and customer satisfaction, Al Rajhi Bank provides tailored solutions to individuals, businesses, and institutions, including retail banking, corporate banking, investment banking, and wealth management services. Through its extensive network of branches and digital platforms, the bank continues to contribute significantly to the economic growth and development of Saudi Arabia, while maintaining its commitment to ethical banking practices.

If you're in the market for a car loan, you're in the right spot. We offer an extensive selection of over 40 diverse car loan options for you to consider. We've carefully assessed criteria such as minimum salary requirements, monthly repayment plans, and the flat rate percentage.