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Car Financing

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

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.

 

 

*For more information please call 8001208008

 

 

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