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National Day Offer Auto lease

National Day Offer Auto lease

​​​​​​Bank Albilad launches the "Auto Lease National Day Offer " campaign.
Take advantage of a special promotion without management fees 100%, as part of a unique financing campaign offering customers exceptional opportunities and flexible terms tailored to meet their financial needs .

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​what you can expect from our car lease financing services

  • Sharia-compliant program 

  • Available for both Saudis and non-Saudi

  • Immediate preliminary approval from the first visit

  • Competitive profit rates

  • No down payments required

  • No Ballon Payment required

  • Partial early repayment option

  • Available for customer between 60- 70 years of age for the retirements customers 

  • Loan tenor to 5 years 

  • The financing amount is up to 1,200,000 BAB-Gray-SRS.png

  • Comprehensive insurance coverage for the rental car, with the possibility of choosing insurance benefits.

  • Option to get up to 3 cars

  • Authorization to drive for local and international countries  

  • Customers can transfer the lease to another customer as well.

  • Reschedule balloon payment up to 3 years 


​Terms and Conditions 

  • Customers must be 18 years of age or older.

  • Customers must have a current account with Bank Albilad. 

The customers' age should not exceed 65 years, and the retiree's age must not exceed 75 years upon the last payment of the monthly installments. 

What documents do I require to submit for auto leasing?

Customers must have the following documents for availing auto lease financing services from Bank Albilad:

For salary transferase:

  • Valid ID 

  • Valid driving license

  • Approved price quotation from the dealer or sub-dealer

  • Salary certificate 

 

For non-salary transferase:

  • Open an account in bank Albilad 

  • Valid ID 

  • Valid driving license

  • Approved price quotation from the dealer or sub-dealer

  • Salary certificate 

  • Bank Statement for the last 3 month stamped or included QR Code 

  • Madad&Ojor certificate

  • National Address ​


​Example: The calculation for Salary transfer Customers no down payment

Auto Lease

​

Car Price*

100,000 BAB-Gray-SRS.png

Down Payment 

0%

Finance amount

100,000BAB-Gray-SRS.png​

Management fees**

0 ( for the national day only )

Tenor

 60 months

Monthly installment (without insurance)

  1,283 BAB-Gray-SRS.png​

Balloon Payment

45,000 BAB-Gray-SRS.png​​

APR (without insurance) 

5.91%

Example: The calculation for Non Salary transfer Customers no down payment

Auto Lease

​

Car Price*

100,000 BAB-Gray-SRS.png​


Down Payment 

 0%

Finance amount

100,000 BAB-Gray-SRS.png​


Management fees**

0 ( for the national day only )

Tenor

 60 months

Monthly installment ( without insurance)

  1,291 BAB-Gray-SRS.png​


Balloon Payment

45,000 BAB-Gray-SRS.png​


APR ( without insurance) 

6.04%

Example: The calculation for Non salary transfer Customers with Down payment

Auto Lease

​

Car Price*

100,000 BAB-Gray-SRS.png​

Down Payment 

5000 BAB-Gray-SRS.png​

Finance amount

95,000 BAB-Gray-SRS.png​

Management fees**

0 ( for the national day only )

Tenor

 60 months

Monthly installment ( without insurance)

  1,189 BAB-Gray-SRS.png​

Balloon Payment

45,000BAB-Gray-SRS.png​​

APR ( without insurance) 

5.95%


VAT included

**The Downpayment & Ballon Payment based on customer segment. 

*** The APR changed Based on the amount & tenor. 

The above calculation is just an example, and the price could be changed. ​

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All Rights Reserved © 2025 Bank Albilad is a Saudi joint stock company, with National Unified No. 7001473102, Head Office: Al Mutamarat 8229, Building No 2, RIYADH 3952 - 12711, KSA. Under monitoring and supervision of Saudi Central Bank and licensed by Royal decree 48/M on 1425/9/21H (4/11/2004 G).


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