CORPORATE LEASING

Clients are considered business partners at Raya, we have customer centric approach towards our clients, therefore we aim to delight our clients at every business interaction.

Raya products allow companies to maintain optimal working capital where the investments can be used for other productive commercial purposes. Leasing is more useful because it does not require a large investment as that other financial resources can be invested in other projects.

Leasing is important for companies that are growing rapidly and need to achieve many projects at one time. And where payments table clear from the beginning of the contract, it helps in the prediction of future expenses for better financial planning. It also provides real decline in costs.

Corporate Lease 1

Product Type Corporate Lease
Asset Type Car
Vehicle Price SR 125,235
Down Payment 20,009
Lease Amount SR 105,226
Period of Contract 36 Months
APR 30.70%
Monthly Payment SR 4,250.61
Admin / Other Fees 1% of Financed Amount OR SAR. 5,000 whichever is less

* Disclaimer: The APR is not fixed and its determined based on the credit evaluation/report.
* VAT inclusive in all calculation details


Corporate Lease Example 2

Product Type Financial Lease
Asset Type Car
Vehicle Price SR 401,235
Down Payment SR 41,235
Financed Amount SR 360,000
Period of Contract 36 Months
APR 28.79%
Monthly Payment SR 14,256.17
Admin / Other Fees 1% of Financed Amount OR SAR. 5,000 whichever is less

Financial Lease Example 3

Product Type Financial Lease
Asset Type Car
Vehicle Price SR 98,737
Down Payment SR 19,747
Financed Amount SR 78,990
Period of Contract 36 Months
APR 31.42%
Monthly Payment SR 3,214.47
Admin / Other Fees 1% of Financed Amount OR SAR. 5,000 whichever is less

Corporate Murabaha 1:

Product Type Corporate Murabaha
Asset Type Car
Vehicle Price SR 1,287,425
Down Payment SR 100,000
Lease Amount SR 1,187,425
Period of Contract 36 Months
APR 15.51%
Monthly Payment SR 40,405.44
Admin / Other Fees 1% of Financed Amount OR SAR. 5,000 whichever is less

* Disclaimer: The APR is not fixed and its determined based on the credit evaluation/report.
* VAT inclusive in all calculation details

Corporate Murabaha 2:

Product Type Financial Lease
Asset Type Car
Vehicle Price SR 3,362,200
Down Payment SR 0
Financed Amount SR 3,362,200
Period of Contract 24 Months
APR 13.01%
Monthly Payment SR 156,902.67
Admin / Other Fees 1% of Financed Amount OR SAR. 5,000 whichever is less

Corporate Murabaha 3:

Product Type Financial Lease
Asset Type Car
Vehicle Price SR 1,049,100
Down Payment SR 0
Financed Amount SR 1,049,100
Period of Contract 36 Months
APR 15.56%
Monthly Payment SR 36,135.67
Admin / Other Fees 1% of Financed Amount OR SAR. 5,000 whichever is less



Last update 07/01/2022