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

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

Apply now: 8003043334