RETAIL LEASING

You can get the car of your dreams via Raya leasing according to a quick mechanism monthly rent; tenure can reach up to 60 months.

Documents Requires for Private Sector:

Citizen:

  1. National ID
  2. GOSI Certificate

Resident:

  1. Resident Identity Card (Iqama)
  2. Salary Letter Attested by Chamber of Commerce
  3. 3 Months Bank Statement

Documents Requires for Government Sector (Civilian):

Citizen:

  1. National ID
  2. Salary Letter

Resident:

  1. Resident Identity Card (Iqama)
  2. 3 Months Bank Statement
  3. Salary Letter

Financial Lease Example 1

Product Type Financial Lease
Asset Type Car
Vehicle Price SR 93,000
Down Payment SR 0
Lease Amount SR 93,000
Balloon Payment SR 37,200
Period of Contract 60 Months
APR 16.43%
Monthly Payment SR 1,811.18
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

Financial Lease Example 2

Product Type Financial Lease
Asset Type Car
Vehicle Price SR 135,755
Down Payment SR 30,000
Lease Amount SR 105,755
Balloon Payment SR 54,302
Period of Contract 24 Months
APR 16.83%
Monthly Payment SR 3,269.83
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 66,240
Down Payment SR 6,624
Lease Amount SR 59,616
Balloon Payment SR 16,560
Period of Contract 60 Months
APR 24.23%
Monthly Payment SR 1,469.70
Admin / Other Fees 1% of Financed Amount OR SAR. 5,000 whichever is less


Murabaha

Own & Register your car on your name from Raya Financing Company in Collaboration with Al-Majdouie Hyundai or Changan car brands.

Terms:

  1. Without Guarantor
  2. No Down-payment
  3. Up to 60 Months Instalment Period
  4. Age between 21 till 60 (should not exceed 60 years at the end of the agreement)
  5. Saudi National
  6. Starting Salary SAR 7,000
  7. Minimum Stay on Current Job is 6 Months

Required documents:

  1. Copy of ID
  2. GOSI Certificate
  3. 3 Months Bank Statement
  4. National Address
  5. Residence Address proof (copy of home rental contract)
  6. In some exceptional cases, additional requirements might be requested

Murabaha Example

Product Type Murabaha
Asset Type Car
Vehicle Price SR 125,235
Down Payment SR 18,000
Lease Amount SR 107,235
Period of Contract 60 Months
APR 14.75%
Monthly Payment SR 2,457.47
Admin / Other Fees 1% of financed amount /max SR 5,000

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

Apply now: 8003043334



Last update 07/01/2022