ANB recognizes the essential need for cars in today’s world and thus presents its ANB Car Leasing Program, “Lease to Own,” which adheres to Shariah principles and is approved by the Bank’s Shariah committee. This initiative is one of the bank’s financial solutions, allowing individuals to drive their desired vehicle while making manageable monthly lease payments.
Key Features & Advantages:
- Shariah-compliant structure.
- Funding available up to S.R. 500,000 for individuals and S.R. 1 Million for businesses.
- Flexible repayment terms of up to 5 years.
- No requirement for a guarantor.
- We streamlined the paperwork process with prompt approval.
- No need for salary transfer.
- Accessible to Saudis, expatriates, and female customers.
- Inclusive cooperative insurance coverage.
- Option for a down payment.
- Convenient balloon payment facility.
- Multiple payment channels including ATM, Phone Banking, Internet Banking, Cheques, and Cash Deposit.
Eligibility Criteria:
- Employees in the government sector (civil or military), retirees, private sector employees, or entrepreneurs.
- Minimum total monthly income of SR 3,000.
- Applicant must be at least 20 years old.
Required Documentation:
- Duly completed and signed application form.
- Original employment certificate specifying tenure, position, and salary details (attested by Chamber of Commerce for private sector workers).
- Photocopies of valid Saudi ID/Iqama and driving license.
- Copies of commercial registration for businesses.
- Proof of residence or rental agreement.
- Copies of landline telephone and electricity bills.
- Maps indicating residential and work locations.
- Original bank statements for the last 3 months (for individuals) or 6 months (for businesses).
- Price quotation detailing the car model, specifications, and value.
- Balance certificate or mini account statement for business applicants.
