Purchase New Car Bank Financing Monthly installment Saudi Arabia


Saudi Arabia steps and procedure of getting new car via bank installments and document requirements. The Banks are financing car loan via monthly installment against the incoming statement or earning statement.
Monthly installment new CAR via Bank
Monthly installment new CAR via Bank

Before Applying for Car financing via Banks

  1. Make sure you are getting income every month or salary is not delay from the employer.
  2. Ensure that you have the bank account and all income or salary is depositing to your bank account.
  3. Request the bank account statement for the last three months with the stamp from the bank.
  4. Ask yourself if you are staying within Saudi Arabia for next installment duration such as 2 years to 5 years.

Documents required for applying car finance via monthly installment

  1. Valid Iqama Copy.
  2. Driving License valid at least for next three months. 
  3. Last three months bank account statement.
  4. Letter from your current Sponsor stating the salary and monthly payroll and attestation from the Chamber of Commerce.
  5. Passport Copy
  6. Current resident address with the street maps such as Google Map pinpoint in Saudi Arabia with contact details and employer contacts.
  7. Home resident address in your country with contact information.
  8. Any friend contact information such name and mobile number.
  9. Down payment depends on the CAR type you are choosing. 

Related to the driving:

The procedure of getting new car via banking finance monthly installment.

  1. Visit the nearest showroom of the vehicle to choose the vehicle.
  2. Talk with sale representative on the selection of favorite car.
  3. Sale representative of the showroom will print out the total cost of the car.
  4. Submit the full cost including the bank account statement and all related documents to the bank representative station within same car showroom.
  5. Wait for approval sometime 3 to 7 days to get SMS notification from the concerned bank.
  6. Visit again to the showroom for final contract signature and agreement with the bank representative.
  7. Submit the down payment if necessary.
  8. Wait for 5 to 15 days for car delivery call in case the same model car not available in the current showroom.
  9. Sign the delivery paper and receive the car key.



Apps,34,Bahrain,1,Chrome,8,Construction,15,CorelDraw,1,Cydia,2,Devices,37,Du,1,Etisalat,1,Facebook,23,FB Web,16,Friendi,3,G Suite,14,GDrive,6,Gmail,27,Google,36,Hackintosh,6,Health,6,how,1,How To,171,Huawei,2,Iqama,73,Jazz,1,Lenovo,5,Linux,12,Messenger,10,Mobily,34,News,41,Qatar,9,Ramadan,8,Safety,17,Samsung,11,Saudi Arabia,244,SEO,5,STC,34,Tablets,1,Tech,52,Telenor,1,UAE,5,Ufone,1,Verizon,1,Virgin Mobile,1,Visa,25,Vodafone,1,Windows,27,WordPress,3,Zain,39,Zong,8,
HowGear: Purchase New Car Bank Financing Monthly installment Saudi Arabia
Purchase New Car Bank Financing Monthly installment Saudi Arabia
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy