Sale and Lease Back Finance

Possibility of selling and leasing your vehicle during the financing period and benefit from the financing in cash.

Key Features

  • Sharia-compliant financing, up to 80% of your car value and up to 250,000 Riyals.
  • No salary transfer required
  • Flexibility in choosing the amount of the monthly rent up to 5 years
  • Available to Saudis and residents in the Kingdom
  • Fast to obtaining approvals and completing procedures Comprehensive car insurance coverage for the entire rental period
  • Comprehensive car insurance coverage for the entire rental period
  • Multiple options to terminate the contract or own the car during the contract period or at its end
  • SFL Mobile application for easy access to the services available in the application

Conditions

  • An employee with a period of service not less than 3 months.
  • Fill out a financing request form.
  • Total salary not less than 7500 riyals.
  • Vehicle age should not exceed 3 years.
  • Vehicle millage distance should not exceed 50,000 km
  • Terms and Conditions applies.

Required Document

Document Government Sector Private Sector Saudi Non-Saudi
Salary certificate including basic salary + basic allowances with mention of the job title
certified by the Chamber of Commerce for the private sector
Valid National ID/Iqama
Social Insurance Certificate
Account statement for the last 3 months
Account statement for the last 6 months
Valid driver's license

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