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.

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Features

  • 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.

Required Documents

  • 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)