It allows you to own your dream car through Al Yusr in easy installments.
Advantages:
-
Financing amount up to SAR 750,000.
-
No guarantor required up to SAR 100,000.
-
Possibility to finance pre-owned vehicles.
-
Competitive profit margin.
-
Financing tenor up to 59 months.
General Conditions:
-
For Saudis And Non Saudis.
-
Public & Private Sectors: Minimum salary of SAR 10,000.
-
Employment experience period (3 Months for (Governmental sector), 6 Months for (Private Sector) and Non-saudis).
-
Age from 18 – 60 years, and up to 70 years for pensioners.
Required Documents:
-
Proof of income letter verified by Chamber of Commerce (Private Sector).
-
Valid ID.
-
Valid driving license.
-
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
|
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