Al Rajhi Bank - Car financing for Public Sector (Transferred Salaries & 80% Financing)

Flat Rate
4%
Max. Financed Period
8Yrs
Min. Monthly Income
300JD
Down Payment
20%
Guarantor Required
No
Salary Transfer
Yes
Quick Info
  • Salary must be transferred
  • Sharia-compliant
  • Financing up to 80% of car value
Main Features
  • Financing new & used cars
  • No car age limit
  • No Inspection required
  • No mortgage fees
  • Interest differs depending on the loan tenure

Interest Rates

  • 2.75% if financing 1 - 2 years
  • 3.25% if financing 3 - 5 years
  • 4.0% if financing 6 - 8 years
Required Documents
  • No set-up or monthly fee
  • Most recently salary slip
  • 6-months bank statement
  • Appraisal value and condition for the car
  • Quotation