Car Finance made easy

Alrajhi car finance program is what you need to own the car you want. The car finance program enables you to choose a new or a used car that you want to own with a monthly installment that is suitable with your income.

  • Fully Shariah compliant
  • Competitive Murabaha rate.
  • Salary transfer is not required.
  • Financing new and used cars.
  • Registering the car in the customer’s name and mortgaging it to the bank.

*The bank has the right to reject the financing request without informing the customer of the reasons for rejection

 

Enjoy the benefits of our Car Finance

Enjoy with Car Program (for Jordanian expats) 

 

     Car Financing for  Jordanian expats     

A special program is designed for Jordanian expatriates to enable them to obtain car financing while in the country of residence outside Jordan,

Features of granting modern car financing to Jordanian expatriates in Saudi Arabia and Kuwait whose salaries have been transferred to Al-Rajhi Bank

    • Fully Shariah compliant
    • Financing period of up to 60 months (5 years)
    • Financing new and used cars.
    • Registering the car in the customer’s name and mortgaging it to the bank.
    • Competitive Murabaha rate.
    • Financing up to 60,000 JOD.
    • Salary transfer is not required.
    • financing up to 80% of the car's value
    • Auto Deduction of the monthly installment from the salary transferred to the bank
      * Subject to the terms and conditions of the bank

 


Ready to apply for your Car Finance ?

  • Am I eligible?

Here are the things that we’ll need from you…

Eligibility & Criteria

  • Must be a salary transfer customer
  •  Criteria Client's Transferred Salaries

    Professionals – Non-transferable salaries      

    Minimum salary

    300 for Public sectors

    400 for TML Private sectors

    500 for Non-TML Private sectors

    Clients with salaries 500 JOD

    Professionals 1000 JOD 

    Duration of service

    3 Months for Public sectors

    6 Months for TML Private sectors

    12 Months Non-TML Private sectors

    Clients with salaries 12 Months

    Professionals 3 Years
    Duration of funding

    Targeted Market List: 96 Months

    Non-Targeted Market List: 84 Months for new cars and 72 for used cars 
     

    12-60 Months

    Required Documents

    • No set-up or monthly fee
    • Most recently salary slip
    • 6-months bank statement
    • Appraisal value and condition for the car
    • Quotation

Fees and Charges

Administration Fees

1% of the funding value

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Postal and Correspondence Fees JOD 50
Stamps 0.003 of the funding value with profits