Al Rajhi Bank Car Finance Requirements and How to Apply

ehab

2026-11-09

Owning a suitable car is a basic need for many people in Saudi Arabia, and with so many finance options it pays to understand Al Rajhi Bank’s car finance conditions before you buy. Programs differ in repayment period, down payment and the way installments are calculated; see also our overview of car finance requirements in Saudi Arabia.

Al Rajhi offers several solutions for citizens and residents, through lease financing or Murabaha, and some options may include financing without a salary transfer, for new or used cars, depending on the terms and your eligibility. This article covers the main conditions, the documents you need, the calculator, current offers and how to apply, so you can pick the best way to buy your car.

What are Al Rajhi’s car finance conditions?

Al Rajhi Bank car finance conditions

Conditions depend on the type of finance, your situation, your employer and whether your salary is transferred. The bank decides each applicant’s eligibility after reviewing the request. In general the basics are a regular monthly income, meeting the age and length-of-service requirements, and supplying the documents asked for.

Conditions for Saudi citizens

Citizens can apply once they meet the income, age and length-of-service requirements, with a national ID, a salary certificate and any other documents the bank requests for the chosen program.

Conditions for residents

Al Rajhi finances cars for eligible residents. You need a valid residence permit and a regular income, must meet the age and service requirements, supply the necessary documents and pass a credit assessment.

Types of Al Rajhi car finance

Al Rajhi offers more than one option, so you can choose the program that matches the price of the car, your income and your repayment period. The main ones are lease financing and Murabaha.

Lease financing: you receive the car and pay for it in monthly installments over the agreed term, with the option to own it at the end under the stated conditions.
Lease-to-own cars: a popular choice for customers who want to use the car during the finance period and own it after meeting the contract’s obligations.
Murabaha finance: the bank buys the car you want and sells it to you at a price that includes an agreed profit margin, which you repay in monthly installments over the term.

Al Rajhi car finance calculator

A calculator gives you a first idea of the monthly installment before you apply. It uses the price of the car, the repayment term, the first and final payments and the annual percentage rate. Use our car loan calculator to see the expected payment.

Once you know the conditions, you can use the calculator to compare options and choose the term and installment closest to your budget. The final figure depends on the bank’s approval and your eligibility.

Al Rajhi car offers and finance options

Offers vary with the car, the finance program and the period in which you apply, and may include benefits on the down payment, the repayment period or the annual percentage rate. They also differ by customer eligibility, salary transfer and the value of the car, so check the details of any offer and the conditions before you apply, so you know the cost and terms.

Used car finance from Al Rajhi

Used car finance lets you buy a pre-owned car through lease financing, depending on your eligibility, the age of the car, the seller and the bank’s rules. Before you choose a car, confirm that this used car qualifies, and find out the repayment period, the down payment and the related costs.

Al Rajhi business car finance

Conditions for companies depend on the type of business, the size of the finance and the number of cars needed. The bank reviews the company’s financial position and credit record before approving the request. Al Rajhi finances cars for businesses under set rules, and may ask for documents such as the commercial register, financial statements and company papers. Final requirements vary by program and type of activity.

Documents needed for Al Rajhi car finance

You need a set of documents so the bank can review the request and confirm your eligibility. They vary with the finance type, salary transfer and your circumstances. The basics are usually a national ID or valid residence permit, a driving license and a salary certificate. A bank statement or extra papers may be requested depending on the program.

How to apply for Al Rajhi car finance

Choose the car and prepare your documents, then submit the finance request through the bank’s channels so it can assess your credit eligibility. After the conditions are met and the request approved, the bank completes the finance procedures and you sign the contract for the selected program, then collect the car once everything is finished.

Finance your car with Altamweean

Altamweean offers a varied selection of cars for different needs and budgets, with finance solutions you can look into before you apply. You can compare cars and prices, use the calculator to see the expected installment, and then review Al Rajhi’s conditions to choose the right finance solution. If you are still deciding on a car, see our guide to the cars with the lowest monthly installment.