Ijarah

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

Advantages:

  • Financing amount up to SAR 750,000.
  • No guarantor.
  • Competitive profit margin.
  • Financing tenor up to 60 months.
  • Possibility to financie pre-owned vehicles.


General Conditions:

  • Public & Private Sectors: Mininmum Salary of SAR 5,000 for saudis, Minimum salary of SAR of SAR 6,000 for Expatriates.
  • 3 Months for employment experience period for Saudis and 6 months minimum employment for Expatriates.
  • Age from 18 - 60 years, and up to 70 years for pensions.
  •  Net selling price must be from 35,000 and above.

Required Documents:

  • Proof of income letter verified by Chamber of Commerce (Private sector).
  • Valid ID.
  • Valid driving license.
  • Valid passport (Exptriates).
  • Valid ID in the home country (Exptriates).
  • Bank account statement.
  • National address.
  • Car quotation (Must be accredited by Al Yusr).
  • 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

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