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Albilad Capital enjaz
عربي

Auto Lease Financing

Auto Lease Financing by Bank Albilad
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Having A Dream Car Is Now Easy with Bank Albilad Auto Lease Financing Program
With Bank Albilad auto lease financing, customers who don’t have the budget to purchase a car can also get one. The process is pretty straightforward. You just have to select a car from an approved dealer or showroom and submit the documents. If approved, a few simple steps will lead the vehicle to your home.
 

What are the key features of Bank Albilad auto lease financing in Saudi Arabia?

​​​​​​​Here's what you can expect from our car lease financing services:

  • Sharia-compliant program
  • No down payments required
  • Available for customer between 18- 65 years of age
  • Available for both Saudis and non-Saudis
  • The deduction ratio is up to 65%
  • Option to get up to 3 cars
  • Full insurance coverage for your vehicle with the ability to choose insurance benefits
  • Ability to choose the desired car based on your credit limit
  • Early settlement is available
  • The financing period is up to 5 years
  • The financing amount is up to SAR  1,000,000
  • Customers can transfer the lease to another customer as well
  • Available with no salary transfer​
 

Terms and Conditions

 
  • Customers must be 18 years of age or older (with proper ID documents and copies available)
  • Customers must have a current account with Bank Albilad. 
  • Customers’ field of employment (in private/public) sector must be approved by Bank Albilad.
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Customer with non-transferable salary

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​New Financing
Finance amountSAR 100,000
Total profit marginSAR 10,950
APR4.74%
Management feesManagement fees is 1% of the Financing Amount with Cap. of SAR 5,000
Finance duration60 months
Total finance costSAR 110,950
Monthly installmentSAR 1849.2
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FAQs

How can I open a current account through Albilad App?
How can I open a current account through Albilad Net?
How can I request the printed Mada Card after I open my new account online?
How can I activate my Albilad net account?
Once I receive my mada debit card, how can I activate it?
If I don't have an Absher account, How do I authenticate my current account opening using the fingerprint ATM?
How Can I open a supplementary account through Albilad App?
How Can I open a supplementary account through Albilad Net?
What security settings can I change on my online checking account?
What are the services that I cannot avail by opening my account online?