Riyad Bank – Auto Leasing 2023

Riyad Bank - Auto Leasing

Features:

Islamic Finance, Sharia Compliant, Insurance

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Minimum Salary

SAR 5,000

Salary Transfer

YES

Early Settlement Fees

-

Maximum Term

5 Years

Flat Rate

2.99%

Reducing Rate

-

Monthly Payment

SAR 1,437

Down Payment

0%

Key Features of Riyad Bank’s Auto Leasing 2023

1. Wide Range of Vehicles

At Riyad Bank, we understand that every individual has unique preferences when it comes to selecting a vehicle. That’s why we offer a wide range of vehicles to choose from, including sedans, SUVs, and luxury cars. Whether you’re looking for practicality, style, or performance, our extensive vehicle inventory ensures that you find the perfect fit for your needs.

2. Competitive Rates and Flexible Terms

We strive to provide competitive rates and flexible terms to suit your budget and lifestyle. Riyad Bank’s Auto Leasing program offers attractive financing options with affordable monthly payments, allowing you to drive the vehicle you desire without compromising your financial stability.

3. Streamlined Application Process

Applying for auto leasing with Riyad Bank is simple and convenient. Our streamlined application process ensures that you can get behind the wheel of your chosen vehicle quickly. Whether you choose to apply online or visit one of our branches, our dedicated staff will assist you throughout the process, making it hassle-free and efficient.

4. Comprehensive Insurance Coverage

To provide you with peace of mind during the lease period, Riyad Bank offers comprehensive insurance coverage options. We understand the importance of protecting your leased vehicle, and our insurance packages are designed to keep you covered against various risks, ensuring a worry-free driving experience.

5. Outstanding Customer Service

At Riyad Bank, we pride ourselves on delivering exceptional customer service. Our knowledgeable and friendly team is committed to providing you with the support you need at every step of the leasing process. We strive to exceed your expectations and make your auto leasing journey a memorable one.

Required Documents for Auto Leasing

To apply for Riyad Bank’s Auto Leasing, you will need to provide the following documents:

  1. Valid Identification: A valid identification document, such as a national ID card or passport, is required for identity verification.
  2. Proof of Residence: Provide proof of residence document, such as a utility bill or rental agreement, to verify your current address.
  3. Proof of Income: Submit proof of income, such as salary slips or bank statements, to demonstrate your financial capability to meet the lease payments.
  4. Employment Verification: Provide employment verification documents, such as an employment letter or contract, to validate your current employment status.
  5. Bank Statements: Submit recent bank statements to support your financial stability.

Riyad Bank

Information About Bank

CEO: Tareq A. Al-Sadhan (Apr 1, 2019–) Customer service: 00 966 800 124 2225 Headquarters: Riyadh, Saudi Arabia Founded: November 23, 1957 ISIN: SA0007879048 Number of employees: 5,973