Murabaha

It allows you to own your dream car through Al Yusr in easy installments.


Advantages:

  • Financing amount up to SAR 300,000.
  • No sponsor needed.
  • Competitive profit margin.
  • Repayment period of up to 60 months.
  • A wide network of partnerships with agencies and exhibitions in the Kingdom.
  • The possibility of financing used cars.

General Conditions:

  • Saudi citizens and residents (22-60 years old) (military, according to retirement age).
  • Monthly salary starts from 5,000 riyals.
  • Employed for no less than three months.
  • Terms and conditions apply.

Required Documents:

  • National ID / Resident ID.
  • A valid driver's license.
  • Salary definition (private establishments: certified by the Chamber of Commerce).
  • Bank account statement for the last three months.
  • National address.
  • Display the price of the commodity (accredited agencies and fairs).

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
Montly Installment   APR  Tenor in years   Finance Amount
3,775 19.62% 5  150,000
2,644 20.23% 4      90,000
 906 22.13% 4 30,000
 

Last update on 01-06-2022

* Terms & Conditions are applied

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