Al-Rajhi Bank Automobile Financing-i is an auto financing scheme that provides borrowers with a high margin of financing. The facility provides individuals with financing of up to 90% of the vehicle’s price. With funds obtainable at a competitive profit rate, the facility offers a flexible range of tenures allowing for easier repayment.
Features & Benefits
The applicants can obtain funds up to 90% of the price of the car with this financing facility.
The facility has a fast approval and a low processing time.
The funds obtained via this facility come at a competitive profit rate.
The repayment tenures with this financing scheme is extendable to 9 years.
The profit rate associated with the funds obtainable with the Al-Rajhi Bank Automobile Financing-i are as per the bank’s discretion and is dependent on the loan amount approved and the tenure chosen.
Individuals who are older than 18 years at the time of application are eligible to apply for this facility.
The customers applying for Al-Rajhi Bank Automobile Financing-i must have a minimum monthly income of RM3,500.
The following is the list of documents an applicant needs to present at the time of Al-Rajhi Bank Automobile Financing-i application:
Copies of the last 3 months’ salary slips.
A copy of driver’s license.
Last 3 months’ bank statement.
Dealer’s or seller’s quotation or invoice.
How To Apply
Offline Application: The applicants can choose from a list of methods to apply for the Al-Rajhi Bank Automobile Financing-i package. This includes faxing/mailing the required supporting income documents and duly filled application form and by reaching out to the bank telephonically via its customer service numbers. One can also walk into the nearest Al-Rajhi Bank’s branch in order to apply for the Al-Rajhi Bank Automobile Financing-i. Applicants must carry the required supporting documents to facilitate a smooth application process.
Online Application: The applicants can also opt to apply for the package online by visiting the official website of Al-Rajhi Bank. The Al-Rajhi Bank Automobile Financing-i application form available online needs to be filled with the necessary fields of information and submitted along with the supporting documents.
To get more information or have any queries regarding the package answered, the customers can reach out to the bank through its hotline numbers that are as follows: 1-300-82-6000 (domestic) and +603-2332-6000 (International).