It allows you to own your dream car through Al Yusr in easy installments.
Advantages:
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Financing amount up to SAR 750,000.
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No guarantor required up to SAR 100,000.
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Possibility to finance pre-owned vehicles.
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Competitive profit margin.
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Financing tenor up to 48 months.
General Conditions:
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For Saudis Only.
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Public & Private Sectors: Minimum salary of SAR 10,000.
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3 Months for employment experience period.
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Age from 18 – 60 years, and up to 70 years for pensioners.
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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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
Montly Installment
|
APR |
Tenor in years
|
Finance Amount
|
4,375 |
19.09% |
4 |
150,000 |
2,625 |
19.09% |
4 |
90,000 |
1,500 |
19.75% |
2 |
30,000 |
|
* Terms & Conditions are applied