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Auto Lease Financing

Drive Your Dream Car Home

Get Sharia-compliant auto lease financing, as Alinma provides the flexibility to own your preferred car.

With our auto lease financing, you will enjoy seamless procedures, convenient installments, and exclusive benefits.

The car is purchased from the dealer or supplier and leased to you for a specific duration, after which you take full ownership of the vehicle.

This ensures a financing experience that meets your aspirations and helps fulfill your dreams.

 

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  • Shariah-compliant, in line with Islamic principles and controls
  • Instant in-principle approval from the first visit
  • Comprehensive insurance coverage throughout the contract period
  • Financing tenure of up to 5 years
  • Available to Saudis and residents (with or without salary-transfer guarantee)
  • Financing amount of up to SAR 2 million per application
  • Financing available up to age 65 for active employees
  • Minimum salary starting from SAR 3,000
  • Electronic signature through the app
  • Final payment (balloon) of up to 70%, depending on the program
  • Option to finance up to 3 vehicles
  • After-sales services throughout the financing period
  • Financing available up to age 75 for retirees
  • Option to obtain the vehicle without a down payment
  • Administrative fee: 0.50% of the financing amount or SAR 2,500, whichever is lower; subject to VAT
  • Final approval is subject to the bank's discretion and credit criteria.
  • Annual Percentage Rate (APR) starting from 10.72%

Notes

  • Insurance price varies based on the customer’s record and is subject to VAT.
  • The APR may vary based on the financing amount, tenure, and the customer’s individual record.
  • Terms and conditions apply.

Alinma Bank offers flexible, Shariah-compliant auto lease financing solutions tailored to empower you to acquire your ideal vehicle with convenient monthly installments or flexible structured payments, complemented by customizable repayment plans suited to your financial journey.

Auto Lease Financing Program (Monthly)

Easy Monthly Installments

A lease financing program with a maximum term of five years, allowing the customer to pay installments on a monthly basis, with the option to make a final "ownership payment" or select specified payment plans according to program terms.

Tenor: 1 to 5 Years Flexible First & Final Payments Specified Plans (25-25-50 & 30-30-40)

Available Payment Plans:

Flexible Monthly Installments:

Flexible down payment and final payment, with the remaining balance repaid in convenient monthly installments from 1 to 5 years.

Specified Payment Plans:
  • Plan 25-25-50: 25% down payment, 25% installments over 2 years, and 50% final payment.
  • Plan 30-30-40: 30% down payment, 30% installments over 2 years, and 40% final payment.

Illustrative Calculation Schedules:

Swipe left or right to switch schedules Schedule 1 of 2
Financial ItemIllustrative Value / Rate
Period (Years)5 Years
Vehicle Value100,000.00 SAR
Down Payment0.00 SAR
Final Payment (Ownership Payment)40,000.00 SAR
Admin Fees (Inclusive of VAT)500.00 SAR
Profit Rate %4.99%
Total Profit Amount24,950.00 SAR
Insurance Percentage %2.50%
Total Insurance Amount10,925.00 SAR
APR % (Annual Percentage Rate)10.72%
Total Contract Amount135,875.00 SAR
Monthly Installment Amount1,597.92 SAR
Financial ItemIllustrative Value / Rate
Period (Years)2 Years
Vehicle Value100,000.00 SAR
Down Payment (25%)25,000.00 SAR
Final Payment (50%)50,000.00 SAR
Admin Fees (Inclusive of VAT)375.00 SAR
Profit Rate %5.55%
Total Profit Amount8,325.00 SAR
Insurance Percentage %2.50%
Total Insurance Amount5,318.75 SAR
APR % (Annual Percentage Rate)12.13%
Total Contract Amount88,643.75 SAR
Monthly Installment Amount1,610.16 SAR

Note: The information and percentages mentioned are for example purposes only. Prices and approval to provide any financing product or service are subject to the bank's credit policies.

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Auto Lease Financing Program “Two-Payment’s” Method

Zero Monthly Installments Option

Allows the customer to pay the vehicle's value through an initial down payment before delivery and a final ownership payment at the end of the lease period (such as 50-50, 30-70, and 40-60), with the option to pay profit and insurance upfront to avoid monthly installments.

Options: 50-50, 40-60 & 30-70 0.00 SAR Installment with Upfront Payment Flexible Profit & Insurance Scheduling

Two Payments Program Options:

Option (50% - 50%):

50% down payment and 50% final payment after a year or two years (3 years for specified cars).

Option (40% - 60%):

40% down payment and 60% final payment after a year (two years for specified cars).

Option (30% - 70%):

30% down payment and 70% final payment after a year (two years for specified cars).

Illustrative Profit & Insurance Settlement Schedules:

Swipe left or right to switch schedules Schedule 1 of 2
Auto Lease (50-50) - Profit & Insurance Paid UpfrontIllustrative Value
Period (Years)2 Years
Vehicle Value200,000.00 SAR
Down Payment (50%)100,000.00 SAR
Final Payment (50%)100,000.00 SAR
Admin Fees (Inclusive of VAT)500.00 SAR
Profit Rate %3.50%
Total Profit Amount13,000.00 SAR
Insurance Percentage %2.50%
Total Insurance Amount10,637.50 SAR
APR % (Annual Percentage Rate)0.58%
Total Contract Amount100,000.00 SAR
Monthly Installment Amount0.00 SAR (Zero Monthly Installments)
Auto Lease (50-50) - Profit & Insurance SchedulingIllustrative Value
Period (Years)2 Years
Vehicle Value200,000.00 SAR
Down Payment (50%)100,000.00 SAR
Final Payment (50%)100,000.00 SAR
Admin Fees (Inclusive of VAT)500.00 SAR
Profit Rate %6.50%
Total Profit Amount13,000.00 SAR
Insurance Percentage %2.50%
Total Insurance Amount10,637.50 SAR
APR % (Annual Percentage Rate)13.12%
Total Contract Amount124,787.50 SAR
Monthly Installment Amount1,032.82 SAR

Note: The information and percentages mentioned are for example purposes only. Prices and approval to provide any financing product or service are subject to the bank's credit policies.

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Transferring Auto Lease Financing to Another Customer

Contract Transfer Flexibility

Allows Alinma customers to offer their vehicle to another customer (subject to the Bank’s acceptance criteria). A new auto lease contract is created for the transferee with refreshed profit terms and new insurance coverage.

Available on Monthly Plan Available on Two-Payment Plan Re-established Contract & Coverage

Transfer Financing Tracks for the Transferee:

1. Monthly Auto Lease Transfer:

A new contract is issued to the transferee under the monthly auto lease financing structure with flexible first and final payment options, and remaining balance repaid in monthly installments.

2. Two-Payment Transfer Plan:

Structured with an upfront payment and final ownership payment (such as 50/50, 30/70, 40/60). Profit and insurance can be paid upfront to avoid monthly installments or scheduled monthly.

Important Note:

• The mentioned percentages and illustrative examples for both the lease transfer to another customer and the refinancing of the final ownership payment programs apply with the same monthly schedule and payments.

• The information and percentages mentioned are for example purposes only, and approval is subject to credit policies.

Apply Now

Final Ownership Payment Refinancing Program

Ownership Facilitation

Allows Alinma customers to refinance the final ownership payment through a new auto lease financing contract under a lease-to-own structure, with repayment on a monthly basis or through a two-payment plan, in accordance with Shariah principles.

Shariah-Compliant Structure Monthly Refinancing Option Two-Payment Refinancing Option

Available Refinancing Tracks:

1. Monthly Refinancing Track:

Refinance the final ownership payment through a new auto lease financing contract under a lease-to-own structure with repayment on a monthly basis, in accordance with Shariah principles.

2. Two-Payment Refinancing Track:

Refinance through an upfront payment and final ownership payment (50/50, 30/70, 40/60), with the option to pay profit and insurance upfront or in monthly installments.

Important Note:

• The mentioned percentages and illustrative examples for both the lease transfer to another customer and the refinancing of the final ownership payment programs apply with the same monthly schedule and payments.

• The information and percentages mentioned are for example purposes only, and approval is subject to credit policies.

Apply Now

Electric Car Lease Financing (Monthly Installments)

To support environmental sustainability and promote greener transportation, Alinma offers electric car financing with monthly installments for up to 5 years, including the option to make a final "ownership payment" according to the terms and conditions.

50/50 Electric Cars Lease Financing

Go electric with a 2-year lease. Pay 50% upfront and 50% as a final "ownership payment" to own your electric car. For added flexibility, you can choose to pay the profit and insurance costs upfront to avoid monthly payments or spread them out over the contract duration—whichever suits your needs best. Drive with financial ease while reducing your carbon footprint.

  • Valid National ID or Iqama.
  • Valid Driver's License.
  • Car Quotation.
  • Salary Certificate.
  • Salary Confirmation Letter (for customers required to transfer their salary).
  • Bank account statement (for customers not required to transfer their salary).
  • Active Current Account with Alinma.

  • Through the direct sales team at showrooms.
  • Visiting the nearest alinma branch.
  • alinma Phone 8001208008.

Simple Steps to Get Your Lease Financing

Step 1:
  • Visit the dealer or showroom.
  • Choose your preferred car and specifications.
  • Obtain a car quotation from the sales representative.
  • Prepare the required documents.
Step 2:
  • Visit the sales representative, an alinma branch, or call alinma Phone.
  • Submit the car quotation and required documents to the sales representative.
  • Choose the financing program that best suits you.
  • Receive the initial offer and sign the application documents.
Step 3:
  • alinma will review your application for final approval.
  • Complete the car purchase process with the dealer.
Step 4:
  • The dealer will prepare your car.
  • Sign the documents and receive your car.

Congratulations on your new car!

● Authorization to drive within or outside the Kingdom.
● Add an additional driver to the car.
● Early repayment option.
● Easy transfer of ownership.
● Postponement of installments.
● Reschedule the final payment.
● Issue a replacement for lost registration, license plates, or key.
● Request a license plate replacement to change its shape or details.
● Renewal of driving license.
● Manufacturing defects.
● Accident procedures.
● Renewal of insurance policies.
● Change of actual user.
● Partial payment option.

1. Is auto-lease financing compatible with Sharia regulations and provisions?
  Yes, alinma auto-lease financing is compatible with Sharia regulations and provisions.
2. Can I get more than one car?
  Yes, you can get more than one car, with a maximum of 3 cars, depending on your financial solvency.
3. What is the maximum financing period?
  5 years.
4. What is the minimum financing period?
  1 year.
5. Is auto-lease financing granted to retirees?
  Yes.
6. What is the minimum age required to be eligible for the auto-lease financing?
  18 years old.
7. Can I get auto-lease financing without transferring my salary?
  Yes.
8. Does alinma keep a spare car key?
  All car keys are handed over to customers upon receipt.
9. Is there car insurance?
  Yes, the insurance is comprehensive throughout the contract period.
10. Is it possible to apply for car financing without a driver's license?
  A valid driver's license is required to register the car.
11. How can I submit a new financing application?
  You can apply through:
  • Visiting one of the sales representatives in the showrooms.
  • Visiting alinma branches.
  • Calling alinma Phone.
12. Can I delegate another driver?
  Yes, you can authorize more than one individual to drive your cat, provided they have a valid driver’s license.
13. Are there fees for after-sales services?
  Yes, you can view the fee details in the Aftersales Services Guide.
14. Can I travel outside the Kingdom with the car?
  Yes, you can travel by car to authorized countries. To learn more, please visit one of alinma branches or call alinma Phone.
15. How can I file a claim with the insurance company?
  You can file a claim by visiting the insurance company's website or through their dedicated channels.
16. What is the validity period of the car registration?
  According to Traffic Law, the validity period is 3 years from the date of issuance.
17. Can the final payment be rescheduled?
  Yes.
18. How can I find out the amount of the deductible?
  By reviewing the insurance policy.
19. How can I receive the car after approval?
  After contacting the customer, the car will be delivered when visiting the dealer or the showroom.
20. How can I obtain after-sales services?
  By visiting one of alinma branches or contacting the alinma Phone.
21. Is ownership transferred after paying all installments, fees and the last payment, if any?
  Yes, after paying all amounts, ownership of the car will be transferred to the customer.
22. Can ownership be transferred to another party after financing is paid off?
  Yes, as desired by the customer.
23. Can you concede the car?
  Yes, if the ceded customer is entitled to it, according to the terms and conditions.

Auto Lease Calculator

Result:

Finance Amount
Down Payment
Balloon Payment
Tenor in Months
Management Fees *
Total Installment **
** APR%
  • The information and rates provided are for illustrative purposes only. Prices and approvals for any financing product or service are subject to alinma Bank’s credit policies.
  • This calculator provides an estimated APR that is subject to change based on the final agreed contract.
  • Terms & Conditions Apply
  • Administrative fees are 0.50% of the financing amount or SAR 2,500, whichever is lower, and are subject to Value Added Tax (VAT).
  • Insurance price varies depending on the customer’s record and is subject to VAT.

 

Notice: Auto lease finance products may involve certain product-related risks, including but not limited to the following:

  • The customer’s credit record may be negatively affected if they default on or delay the payment of dues.
  • The customer must review the terms and conditions of the insurance policy to avoid any exclusion from insurance coverage.
  • The customer must review the vehicle price and specifications stated in the quotation and ensure they match the vehicle upon delivery.
  • Ensure that the installment amount is suitable for your income and financial obligations to avoid any future financial difficulties.

 

Accordingly, your submission of the financing application shall be deemed an acknowledgment that you are fully aware of the risks related to the product.