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Auto lease 50/50 Program

Auto lease 50/50 Program

The Bank Albilad 50–50 Program offers greater flexibility in financing your vehicle. Pay 50% of the vehicle value upfront, while the remaining 50% is deferred as a final payment for up to 4 years.

This program is an ideal option for customers looking to own a vehicle with ease, allowing you to choose your car from Bank Albilad's approved dealers and showrooms.

Once your application is approved, you will be only a few simple steps away from receiving your vehicle and driving it away.​

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What are the key features of Bank Albilad auto lease financing?

  • Sharia-compliant program

  • Option to reschedule the balloon payment for up to 5 years

  • Financing amounts up to  1,200,000

  • Competitive profit rates

  • Flexible financing tenure from 12 to  48months

  • Available for both Saudis and non-Saudis

  • Available with or without salary transfer

  • Available for customers up to 60 years of age, and up to 75 years for retirees

  • Fast processing, approvals, and vehicle delivery

  • Full insurance coverage throughout the lease period, with options to suit your needs Authorization for local and international driving, with option to add authorized drivers

  • Option to transfer the lease to another customer

  • Exclusive offers available throughout the year

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Terms and Conditions​

  • Minimum customer salary 5,000​

  • Customers must be at least 18 years old.

  • Customers must have an active current account with Bank Albilad to apply for the financing

  • The customer's age must not exceed 65 years at the time of the final installment, and 75 years for retirees.


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FAQs

 

What documents are required for auto leasing?​

Customers are required to provide the following documents to apply for auto lease financing from Bank Albilad:​

For Salary Transfer Customers:

  • Valid ID

  • Valid driving license

  • Approved price quotation from the dealer or sub-dealer showroom

  • Salary certificate

For Non-Salary Transfer Customers:​

  • Open a current account with Bank Albilad

  • Valid ID

  • Valid driving license

  • Approved price quotation from the dealer or authorized showroom

  • Salary certificate

    Bank statement for the last 3 months (stamped or with QR code)

  • GOSI Employment Certificate (Salary Details)

  • National address

Is there any management fee? 

Yes, a management fee of 0.50% of the financing amount will be applied, with a maximum cap of  2,500 (whichever is lower). 

**Management fees are exclusive of Value Added Tax "VAT"

What are the stages of obtaining auto lease financing?

 

1. Vehicle Selection: 

Selecting the vehicle from one of the approved dealers or showrooms.

2. Initial Approval: 

Submitting the required documents to the Bank Albilad representative.​

3. Final Approval: 

Completing the procedures, issuing the vehicle plates, and receiving the car.


Auto Lease​ Example 

Car Price*

200,000 

Down Payment 

100,000 

Tenor24 months
Monthly installment (without insurance)

342 

Balloon Payment

100,000 

APR (without insurance) 4.29%
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All Rights Reserved © 2026 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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