Acceptance Criteria
- Age is not less than 21 years.
- Salary starts from 5,000 SAR.
- The period of service for the government and private sectors is not less than 6 months.
- For the expatriate, a sponsor is needed.
- The nature of the work must be full time.
Requirements for auto financing
- ID
- ID for sponsor
- National address
- Bank statement for the last 3 months.
- Fill out the financing application form.
- auto financing Without salary transfer
- Fast approval
- Multiple sales channels
- Flexible repayment term up to 60 months
- Very competitive car finance interest rate starting from 8%
- Without salary transfer
- Fast approval
- Multiple sales channels
- Flexible repayment term up to 60 months
- Very competitive profit rate starting from 8%
Helpful Questions & Answers about auto financing
Financial leasing is an agreement between the lessor and the lessee that grants the lessee the right to use a specific asset owned by the lessor during a specific period. In exchange for this right, the lessee agrees to pay periodic rents to the lessor. At the end of the contract period, after paying the full payments, the lessee has the right to own the leased asset.
Yes, you can if it is from one of the approved agencies by Taajeer Finance.
Yes, you can, as long as you do not exceed the permissible limit of commitments.
You can carry out external authorization for the Gulf countries and outside the Gulf countries with ease through social media, WhatsApp, calling the toll-free number, or visiting any of our branches.
You can choose the financing period from 12 months to 60 months.
Can’t find an answer? Please, Contact us
Calculate your loan easily
*The prices shown are approximate prices and are subject to terms and conditions according to the credit policy of the financial leasing company and do not include the insurance value. (According to the insurance controls, the insurance rate is based on the client’s insurance record).
Financial
calculation examples
Last Updated On: 01-07-2025
5 Years
Calculation
Asset type
Car
Financed amount
58,500
Accrual in years
5 Years
Financing ratio rate
12%
monthly installment amount
1,094.00
Residual value
16,250.00
5 Years
Calculation
Asset type
Car
Financed amount
54,000
Accrual in years
5 Years
Financing ratio rate
13%
monthly installment amount
1,173
Residual value
15,000
5 Years
Calculation
Asset type
Car
Financed amount
49,500
Accrual in years
5 Years
Financing ratio rate
13%
monthly installment amount
1,323
Residual value
13,750
The Annual Percentage Rate (APR) may vary depending on the amount, repayment period, and each customer’s credit rating.
