Key Features
- Sharia-compliant financing of up to 800,000 SR.
- No salary transfer required
- Available to Saudis and residents in the Kingdom
- Available for new and used cars.
- Fast to obtaining approvals and completing procedures
- Flexibility in choosing the amount of annual instalment in proportion to the customer's income in 5 years
- 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 of not less than 10000 SR.
- 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 |
Payment
| Tenure | Number of Installment | Payment distribution |
|---|---|---|
| Two Years | 3 Payments | 34% First Payment |
| 33% Second Payment After One Year | ||
| 33% Third Payment After Two Year | ||
| 3 Years | 4 Payments | 25% First Payment |
| 25% Second Payment After One Year | ||
| 25% Third Payment After Two Years | ||
| Fourth Payment After Third Years25% | ||
| 4 Years | 5 Payments | 20% First Payment |
| 20% Second Payment After One Year | ||
| 20% Third Payment After Two Years | ||
| Fourth Payment After Third Year 20% | ||
| fifth Payment After Fourth Year 20% | ||
| 5 Years | 6 Payments | 20% First Payment |
| 12.50% Second Payment After One Year | ||
| 12.50% Third Payment After Two Year | ||
| Fourth Payment After Third Year 12.50% | ||
| fifth Payment After Fourth Year 12.50% | ||
| Sixth Payment After Fifth Year 30% |
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