It allows you to finance your dream car through AlYusr in easy installments.
Advantages:
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Financing amount up to SAR 300,000.
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No guarantor.
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Competitive profit margin.
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Financing tenor up to 60 months.
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Possibility to financie pre-owned vehicles.
General Conditions:
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Public & Private Sectors: Mininmum Salary of SAR 5,000 for saudis, Minimum salary of SAR of SAR 6,000 for Expatriates.
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3 Months for employment experience period for Saudis and 6 months minimum employment for Expatriates.
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Age from 18 - 60 years, and up to 70 years for pensions.
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Net selling price must be from 35,000 and above.
Required Documents:
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Proof of income letter verified by Chamber of Commerce (Private sector).
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Valid ID.
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Valid driving license.
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Valid passport (Exptriates).
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Valid ID in the home country (Exptriates).
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Bank account statement.
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National address.
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Car quotation (Must be accredited by Al Yusr).
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Deduction Form (For pensioners).
Calculated Examples:
*The above table is for example only , and the annual percentage rate may vary according to the amount, maturity period and creditworthiness for each customer
|
Residual Amount |
Montly Installment |
APR |
Tenor in years |
Finance Amount |
Asset Type |
|
37,500 |
3,294 |
17.99% |
5 |
150,000 |
New Vehicle |
|
18,750 |
1,867 |
23.66% |
4 |
75,000 |
New Vehicle |
|
13,158 |
1,245 |
23.92% |
4 |
50,000 |
Used Car |
* Terms & conditions are applied