Key Features
- Sharia-compliant financing of up to 800,000 SR.
- No salary transfer required.
- Available to Saudis and residents in the Kingdom.
- No guarantor is required.
- Available for new and used cars.
- Fast to obtaining approvals and completing procedures.
- Flexibility in choosing the amount of the monthly fee in proportion to the customer's income over 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 not less than 5000 SR.
- 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 |
Terms
| Down payments | Balloon payments | Financing duration | Terms |
|---|---|---|---|
| 30% | 70% | 1 year | The price of the car is from 80 thousand and above |
| All types of cars | |||
| The minimum salary is 10000 riyals | |||
| 40% | 60% | 2 years | The price of the car is from 80 thousand and above |
| All types of cars | |||
| The minimum salary is 8000 SR. | |||
| 50% | 50% | 3 years | The car price is from 80 thousand and above |
| The minimum salary is 8000 SR. | |||
| Car types (specific) Lexus, Toyota, Nissan, Chevrolet, Ford, Mazda, Land Rover, Range Rover, Mercedes, BMW and GMC |
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