Ijarah

Finance your dream car through AlYusr in easy installments.

Advantages:

  • Financing amount of up to 300,000 SR.
  • No guarantor needed.
  • Down payment starting from 10%.
  • Last payment up to 25%.
  • Option to schedule the payment up to 24 months.
  • Financing period 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 SR.
  • 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:

*Minimum Annual Percentage Rate (APR) is per above table and may vary according to financing amount, period, Insurance and Residual Value, Contract Date, First Installment Date & Creditworthiness for each customer
Residual Amount   Down Payment   Montly Installment   APR  Tenure (years)   Financing Amount Asset Type
41,667 16,667 3,361 19.86% 5 150,000 New Vehicle  
25,000 10,000 2,017 19.86% 5 90,000 New Vehicle  
11,111 8,333 1,292 22.87% 4 50,000 Used Car  

   Last update on 01-02-2024


* Terms & conditions are applied

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