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Auto-Leasing for New Cars

Riyad Bank Auto Leasing allows you to lease the car of your choice though Shariah-compliant programs with easy and flexible installment plans.

  • Instant approval and hassle-free application process
  • Available for Saudis and residents
  • Financing amount up to SAR 750,000
  • Fully insured
  • Possibility of financing up to 3 vehicles
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More Information

Riyad Bank Auto Leasing program gives you the opportunity to own your car with repayment periods up to 60 months and the option to transfer ownership during the leasing period through early settlement.

  • Exclusive offers for Riyad Bank customers
  • Possibility of transferring the lease to another customer (Ihlal)
  • Possibility of adding a second driver (first degree relative)

For Auto Leasing APR disclosure, click here

50/50 Program:
50/50 Program is designed for customers who wants to obtain a vehicle by paying the vehicle half amount, the finance profit, the insurance as a down payment, and the second half after two years as a final payment.

Auto leasing for Saudis of approved companies:

For salary transferred customers:
  • Should be 18 years old and above
  • Minimum net salary SAR 4000
  • A one month period of service required
  • A letter from employer confirming the salary assignment to Riyad Bank

For non-salary transferred customers:

  • Should be 18 years old and above
  • Minimum net salary SAR 5000 for employee at governmental sector
  • Minimum net salary SAR 5500 for employee at private sector
  • Minimum period of service 3 months

Auto leasing for non-Saudis of approved companies:

For salary transferred customers:

  • The customer must be employee at governmental or private sector
  • Should be 18 years old and above
  • Minimum net salary SAR 6000
  • Minimum period of service 3 months
  • A letter from employer confirming the salary assignment to Riyad Bank
     

For non-salary transferred customers:

  • The customer must be employee at governmental or private sector
  • Should be 18 years old and above
  • Minimum net salary SAR 7000
  • Minimum period of service 3 months

Auto leasing of non-approved companies:

For salary transferred customers:

  • Should be 18 years old and above
  • Minimum net salary SAR 6000
  • For Saudi and non-Saudi customers
  • Minimum period of service 6 months
  • A letter from employer confirming the salary assignment to Riyad Bank
     

For non-salary transferred customers:

  • Should be 18 years old and above
  • Minimum net salary SAR 8000 For Saudi customers
  • Minimum net salary SAR 10000 For non-Saudi customers
  • Minimum period of service 6 months for Saudi
  • Minimum period of service 6 months for non- Saudi

For an initial approval, you can either visit a dealership sales consultant, visit the nearest Riyad Bank branch, or call us on 800-124-2020.

Once you have the initial approval, you can provide the rest of the following documents:

  • Salary certificate (less than two months old)
  • A valid Saudi national ID / Iqama
  • A completed lease application form
  • A valid driving license
  • 3-month bank statement for your salary account (required if your salary will not be transferred to Riyad Bank)
  • Salary transfer letter (in case of financing with salary transfer to Riyad Bank)
  • Vehicle quotation (from a dealer approved by Riyad Bank)

 

List of Auto leasing program fees:
Description
Fees
Administrative fee
1% of the financing value or SAR 5,000 (whichever is lower)
Internal authorization for adding driver / period 12 months
SAR 24.50
International authorization for GCC / period  6 months
SAR 69
International authorization for Jordan /period 3 months
SAR 69
Vehicle repossession fee
SAR 2,646
Transfer ownership through customer
SAR 35
Transfer ownership through Bank
SAR 402.50
Renewal Vehicle Licensee
SAR 40.25
Change plate number through customer
SAR 35
Change plate shape ( short to long )
SAR 247.25
Replacement for lost plate
SAR 247.25
Replacement for damaged plate
SAR 247.25
Adding Logo
SAR 247.25

Frequently Asked Questions

Are there any conditions for auto leasing?
Can I delegate another driver?
Is the customer who is not holding a driver license allowed to obtain a vehicle through Auto Leasing Program?
Can I travel outside the Kingdom?
Is there insurance on the vehicle?
Where can I find the sales consultants?

Terms & Conditions apply separately

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Apply Online - Auto Leasing

Riyad Bank Auto Leasing allows you to lease the car of your choice though Shariah-compliant programs with easy and flexible installment plans.
Please complete the form below

Type three apply now

Our apologies. With the provided information, you are not eligible for a personal loan
Employment Eligibility Personal Information
Financial
Vehicle & Finance Details

Monthly installment

SAR

Relationship with bank should be at least 6 month as customer
Business owner product only available for Riyad Bank customer
Loan amount

 SAR

Total loan amount

 SAR

Profit amount

 SAR

Down payment

 SAR

Balloon payment

 SAR

Admin Fees

 SAR

Term

 Month

* All amounts are in SAR
* Please note that these are simulated amounts and they represent an approximation and not the exact numbers.
Age must be greater than
Age must be less than
Age must be less than
non-saudi-max-age-limit
Thank you for applying. Your Reference Number is

A representative from Riyad Bank will contact you to complete your request.
Keeping in mind that a current account is required to obtain any product or service from Riyad bank, if you do not have one yet, you can open an account from here

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How to Apply?

For an initial approval, you can either visit a dealership sales consultant or visit one of our selected branches, or even call us on 800-124-2020.

Once you have the initial approval, you can provide the rest of the following documents:

  • Salary certificate (less than two months old)
  • A valid Saudi national ID / Iqama
  • A completed lease application form
  • A valid driving license
  • 3-month bank statement for your salary account (required if your salary will not be transferred to Riyad Bank)
  • Salary transfer letter (in case of financing with salary transfer to Riyad Bank)
  • Vehicle quotation (from a dealer approved by Riyad Bank)

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