Car Installment Program (Car Finance)
Murabaha structured product gives you the opportunity to buy a car (New/Used). The bank buys the car with a promise from the customer to buy it from the bank. Selling price will include known profit to be added to the original purchase amount.
- Sharia compliant product.
- Financing new and used cars
- Application approval obtained within less than 24h.
- Up to JD 60,000 Finance amount and up to 90% of the car value according to the credit policy of the bank.
- Finance tenor up to 96 months.
- The car will be registered in the name of the customer and mortgaged in the favor of the bank.
- Valid ID
- Last Salary Slip for the employees.
- Account statement for the last 6 months.
- Appraisal value and condition for the car addressed to Rajhi Bank.
- The price quotation of the car you wish to buy addressed to Rajhi Bank
- • Appraisal value and condition for the car addressed to Rajhi Bank.
* (The bank has The right to request any other documents from the customer considered appropriate)