Car Financing
Now, with Alinma’s car financing program, owning a car of your choice is fast and easy. This Shariah-compliant, personal financing solution, is a unique service built around our core values – innovation, respect, and transparency.
Key Benefits
- Instant final approval
- Car registration under your name
- No guarantor necessary
- Financing up to SAR 2,000,000 total
- Financing up to SAR 500,000 per car
- Financing period up to 60 months
- Dealer of your choice from the Alinma list of approved dealers
- Administrative fees equals to 1% of the financed amount or SAR 5000 (whichever is less)
Requirements
- Valid I.D.
- Vehicle specifications
- Global limit request.
- Completed car financing application form
- Acceptance letter from Agency or Showrooms
- Copy from Customs Card
Global limit Application Requirements
- Employer must be from the Alinma list of approved employers
- Open a current account with Alinma Bank
- Obtain a certified letter from your employer indicating your salary and service period details
- Obtain a certified letter from your employer verifying your salary deposit with Alinma Bank
Example:
Personal Financing
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Monthly Installment
|
Loan amount
|
Profit Rate (APR)
|
Financing Period
|
Product
|
SR 800
|
SR 36,711
|
3.00%
|
4 years
|
Stock - Auto
|
SR 900
|
SR 40,758
|
4.00%
|
5 years
|
Stock - Auto
|
SR 1000
|
SR 45,972
|
3.61%
|
5 years
|
Stock - Auto
|
*Any information or rates mentioned are for example only. All financial product and service delivery is subject to the credit policies of Alinma Bank.
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*For more information please call 8001208008
