Key Features
- Sharia-compliant financing of up to 800,000 SR.
- No salary transfer required
- Available to Saudis and residents in the Kingdom
- It is not required to have a debtor guarantor
- Available for new and used cars
- Fast to obtaining approvals and completing procedures 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
- Balloon payment up to 70%
- No down payment
- No administration fees
- Without profits during one year of leasing.
- SFL Mobile application for easy access to the services available in the application
- Reschedule option for balloon payment for 60 months.
Conditions
- An employee with a period of service not less than 3 months.
- Fill out a financing request form.
- Total salary not less than 5000 riyals for Saudis and 7500 riyals for non-Saudi
- Terms and Conditions applies.
Required documents
| 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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