Ijarah

It allows you to finance your dream car through AlYusr in easy installments.

Advantages:

  • Financing amount of up to 300,000 riyals.
  • No sponsor needed.
  • Down payment starting from 0%.
  • Final payment up to 30%.
  • Option to schedule the payment up to 24 months.
  • Zero administrative fees.
  • Financing period of up to 5 years.
  • Option of financing used cars.
  • A wide network of partnerships with dealerships and showrooms across the Kingdom.


General Conditions:

  • Saudi customers (21-60 years old) (for military, according to retirement age) - residents (22-60 years).
  • Monthly salary starts from 4,000 riyals.
  • Employed for no less than three months.
  • Comprehensive insurance controls apply to vehicles.
  • Terms and conditions apply.

Required Documents:

  • National ID / Resident ID.
  • Definition of salary.
  • Driving license - valid.
  • Price offer of the vehicle (all authorized dealerships and showrooms).
  • Bank statement for the last three months.

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
38,250 2,905 Begain from 13.15% 5 150,000 New Vehicle  
19,125 1,807 13.52% 5 90,000 New Vehicle  
4,250 1,334 16.39% 4 50,000 Used Car  

   Last update on 01-11-2022


* Terms & conditions are applied

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