Consumer

  • Compatible with the provisions and principles of Islamic Sharia.
  • The possibility of financing a new or used car.
  • Low down payment.
  • Competitive margin of profit (Murabaha) starting from 5.5% for brand new.
  • Instant approval & getting the car within 48 hours.
  • Special Gift.
  • No guarantor requested.
  • No salary transfer.
  • Ability to travel outside Kingdome.
  • Fill in the Purchase order form.
  • Picture proof of Identity & valid Driving license.
  • The definition of employer including the job title, date of admission to employment and gross monthly income.
  • Quotation for the required car.
  • Bank statement of account for the last three months.
  • The service with the employer should NOT be less than 6 months.
  • Gross salary is NOT less than SAR (4,000).
  • The customer age is NOT less than 21 years.

Corporate

  • Compatible with the provisions and principles of Islamic Sharia.
  • Competitive margin of profit (Murabaha).
  • The possibility of buying a new OR used cars.
  • Installments period up to 60 months.
  • Speed the completion of the funding application process in a period NOT exceeding 48 hours.
  • Filling in the purchase order and signed by the authorized person (available on website and at the branch).
  • copy of the commercial registration and the participation of the Chamber of Commerce and licenses.
  • Copy the identity of the institution / partners (main partner).
  • copy of the main HQ rent contract or copy title deed for the HQ.
  • Bank statement for the last 6 months account.
  • Audited financial budgets for the last 3 years.
  • Certified letter addressed to the National Finance Company explains required.
  • Quotation for the cars / trucks / equipment needed prompt National Finance Company.
  • Commercial Registry and the involvement of the Chamber of Commerce (and licenses, if any).
  • That at least the institution's activities or the company on the market for years.
  • The Company and any subsequent modification.
  • Contract headquarters rent or image title deed for the seat.
  • Bank statement for the last 6 months.
  • Audited financial budgets for the last three years (if any).
  • Speech certified National Finance Company prompt illustrates required.
  • View the price of car / truck / equipment needed prompt National Finance Company.
  • Sign a declaration approved at the inquiry in his own name SIMAH (Attached).
  • Sign a declaration approved at the inquiry on behalf of the company SIMAH (Attached).