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  • Individual Ijara - Flexi Leasing

    Now you can distribute the lease payments to suit your needs and for more flexibility so you can make the lease payments distributed to annual payments upon your request

  • Key Features

    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

    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.

 

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%

Required Document

 

Document   Government Sector     Privet 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 ✔
 ✔  ✔ ✔