Vehicle
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Business

Used Vehicles

You can obtain electronics, home appliances and furniture by Murabaha for up to 5 years, which provided Abdul Latif Jameel United Finance Company.

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On

Multi brand automotive finance

Financing Features

Easy process

Financing Features

Financing period of up to 36 months

Financing Features

Competitive rates and flexible terms

Financing Features

Financing available for a range of business sectors

Financing Features
  1. Fill up the application form.
    Drive seamless business operations with customized financing tailored to your specific business needs.
  2. Submit the Application
    Submit the application form, providing the necessary information to initiate the financing process quickly and efficiently
  3. Our Representative Will Be Happy to Contact You
    Our representative will be delighted to get in touch with you and finalize the financing details
  4. Visit the Branch
    Bring the essential documents to ease the financial process.
Application Steps
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A request on the official letterhead of the Enterprise, expressing interest to obtain financing, advising the number and type of products, and attested by the Chamber of Commerce.

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Financial Report and Statements of Accounts for the most recent year.

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Valid commercial registration.

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Bank statement of the Enterprise for the last six months, printed on the bank's official letterhead.

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A copy of the valid ID of the Owners of the Enterprise.

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Proof of the principal place of business (Municipality License).

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A copy of the Department of Zakat and Tax Certificate.

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Legal Entity Identifier.

Required Documents
Start your Financing Process today!
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Frequently Asked Questions

Frequently Asked Questions

How do I recover the vehicle after repossession?

To recover the vehicle, you must pay the associated towing fees, settle any overdue payments if applicable, visit the nearest company branch to submit a request to the warehouse, and schedule a pickup appointment for the vehicle from the warehouse. In cases of repossession due to lack of ownership transfer, an insurance policy must be issued in the name of the intended owner (lessee or a third party), and ownership transfer fees must be paid.

What are the consequences of a default record in SIMAH?

A default record in SIMAH affects your credit record, reducing available financing options, and may lead to legal claims for repayment and vehicle repossession.

Can someone collect the vehicle on my behalf?

Yes, a legal power of attorney can be created, specifying the principal's name and vehicle details (license plate number, chassis number, model, and type). The purpose of the power of attorney must be clearly stated and approved by Abdul Latif Jameel. If the power of attorney is issued abroad, it must be certified by the Ministry of Justice in the Kingdom of Saudi Arabia.