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Drive Away in Your Car with Utmost Ease and Comfort with NCB Auto Lease​​

Because we understand that your individual lifestyle demands a certain standard of convenience, NCB Auto Lease Program (which is Shariah Compliant), is designed to suit your individual needs.

Whether you are considering a brand new car or a pre-owned car, our Sales representative at the Auto Dealers' showrooms will be pleased to assist you in putting a leasing plan that enable you to drive away in the car of your choice with the utmost comfort and ease.


Step 1: Select your vehicle

Step 2: Get Pre-Approved
Visit our NCB Sales representative at the car dealer's showroom or at NCB Sales Center with the required documents. Then, fill the required forms, and get instant pre-approval decision.

Step 3: Get Final Decision 
You will be informed about the final approval decision via SMS within 2 business days. Then, in coordination with the Car Dealership and Traffic Department, you will be contacted for car delivery within 10 business days.​

​Guidelines ​​Booklet of AlAhli Lease Finance Program​​​​​​


And Enjoy the Following Features:​

  • Shariah Compliant Financing
  • Salary transfer is not required
  • Financing for both Saudi citizens and residents
  • No guarantor required
  • Instant pre-approval from the first visit
  • A hassle-free application process
  • Annual Profit Rate (APR) starting from 7.10%​
  • Flexible monthly rental payment for up to 5 years
  • Financing amount up to SAR 500,000
  • Full insurance coverage throughout the leasing period
  • Flexible settlement options during and at the end of the leasing period
  • Ability to lease up to three cars for Saudis and two cars for residents
  • Availability of After Sales Service Centers across the Kingdom​
Terms & Conditions apply​

​​​​​​​​​​​​​​​​​​Special and exclusive offers tailored for you

To enjoy driving away in the car of your choice with “NCB Auto Lease with Promise to Own Program!” ​

Important Note:
The Annual Percentage Rate (APR) is the cost of the credit extended to the consumer by the bank. This rate is usually higher than the profit rate (Flat Rate) as it takes into consideration all costs featured in extending that credit namely administrative fees, commission, and insurance cost. Therefore, APR provides a clearer picture of the cost of credit than profit rate. 

Administrative fees are either 1% of the amount of finance or SR 5000, whichever is less.


Eligibility Criteria


​Minimum Salary
​Minimum years on the Job
​Customer Age
Required Documents
Employed (Payroll)
​SAR 2,500
​1 month
​20 years
  • ​Car Price Quotation
  • Copy of Valid ID/Iqama
  • Copy of Valid Driver's License
  • Employment Letter
​Employed (non Payroll)
​SAR 4,000
​3 months
​20 years
  • Car Price Quotation
  • Copy of Valid ID/Iqama
  • Copy of Valid Driver's License
  • Employment Letter
  • Bank Statement of last 3 months
​Self Employed
​SAR 10,000
​6 months
​24 years
  • Car Price Quotation
  • Copy of valid ID/Iqama
  • Copy of valid Driver's License
  • Copy of valid Commercial Certificate
  • Bank Statement of last 3 months
​Retired ​SAR 3,000
​- ​70 years
  • Car Price Quotation
  • Copy of Valid ID/Iqama
  • Copy of Valid Driver's License
  • GOSI Certificate
  • Letter of Retirement Pension Transfer to NCB

​​​Terms & Conditions apply

Procedures and Mechanisms in Place During the Contract Period

Procedure arises from the delay in receiving the vehicle by the lessee

The lessee undertakes to receive the leased vehicle from the Lessor and sign a written acknowledgment of receipt no later than 30 days from the date defined at the beginning of the Contract.  Should the Lessee fail to receive the car vehicle from the Lessor on the agreed date, the Lessee may not recover and claim, for whatsoever reasons, the advance payment referred to in the above preamble, previously paid to the Lessor.

Procedure arises from​ the delay in the lease payments

The Lessor may repossess the vehicle in case of Lessee's default in respect of any monthly lease payments and other liabilities, according to the following procedures:

  1. The Lessor shall phone the Lessee, on the phone numbers defined at the beginning of the Contract, one or more times during 15 days from the date of default urging the Lessee to pay the due lease amounts; If the lessee do not respond within 30 days/ following expiration of the period above, the Lessor may repossess and retrieve the vehicle.
  2. Having repossessed and retrieved the vehicle, the Lessor shall phone the Lessee one or more times within five days of repossessing the vehicle in order to ask the Lessee to pay the due amounts, or terminate the lease contract and purchase the vehicle at the price agreed upon between both parties. Should the Lessee fail to abide by such procedures within the next ten days following the said period, the Lessor may terminate the Contract and dispose of the vehicle in a way that achieves the best interests of the Lessor, whether to sell or re-lease it to a third party. 
  3. The Lessee may not claim any compensations - whatsoever- from the Lessor arising from repossessing and retrieving the vehicle or reselling or re-leasing the same to a third party.
  4. The Lessor shall be entitled hereby to repossess and retrieve the vehicle from anywhere in case of the Lessee's failure to pay any due liabilities on the specified times.

Procedures of contract termination

You can apply to terminate the contract by visiting one of the finance centers, after paying a fine to terminate the contract, the additional mileage, damage of the vehicle and traffic violations that have been recorded during the period of the leasing. The lessee will be provided with delivery of the vehicle form sealed by the service employee.

Procedures of early settlement and owning the car:

AlAhli Lease Finance program gives you the possibility of early settlement and owning the car at any time during the term of this contract. You can apply for early payment by visiting one of the finance centers and pay the amount of early payment, (the remaining amount of the advance rental payment + an amount equivalent to the profits of three months), the Lessee shall also bear the (Government) costs of ownership transfer and procedures thereof.

Procedures followed in case of lessee death​

In the event of Lessee death the legal heirs are entitled to take one of the following options:                                              

  • Purchasing the vehicle by the legal heirs. In such case, the Lessor's early repayment procedures shall be applied.
  • The agreement of heirs to waive the contract to another person subject to Lessor's approval, in accordance with the terms and conditions adopted by the Lessor, and the applicability of the financing terms to the new client/ lessee.
  • Returning the vehicle to the Lessor without imposing any termination fines provided that no outstanding payments are due on the Lessee, and/or there is no any other amounts payable by the Lessee and the vehicle shall be in a good condition.
  • The required documents (in case of death):
      1. The original of the customer's death certificate;
      2. The original of the inheritance instrument;
      3. A legitimate power of attorney from all the legal heirs (legitimate representative) and/or the presence of (all the heirs in the event of the lack of legitimate power of attorney including(waiving the Contract and not the car, and clearance ...........)

Procedures followed in the event of total loss of the vehicle:

Insurance company has the right to consider the vehicle as total loss if they felt that the vehicle repair is economically infeasible for the fact that repair of the vehicle value exceeds more than 60% of the insurance value of the vehicle.

Lessee to be notified with a letter of notice from the insurance company that the vehicle has been considered as total loss and the Lessee has to contact telephone banking to find out the account status after 14 days from the date of receipt of the notice.

Compensation mechanism in the event of total loss of the vehicle:

In the event of total damage: the Lessee acknowledges that the amount of compensation actually paid from the insurance company in case of total damage is payable to the lessor (the vehicle owner). But if there is any excess amount (after the Lessor actually receipt to the amount of insurance), the amount will be transferred to the Lessee account at the bank, provided that there are no rental payments and / or arrears and / or any other amounts payable by the Lessee. Hence, the Lessee is not entitled to claim any moral or material compensation for the termination of the contract.

Also in the event of the total damage of the vehicle during the first six-month period from the date the contract entered into force, the remainder of the first installment amount for the period, which the Lessee did not benefited from only, provided that there are no rental payments and / or arrears and / or any other amounts payable by the Lessee.


Terms and Conditions should be reviewed and all the contents of the Lease with Promise to Own Contract must be read, fail to do so doesn't relieve from the commitments contained therein.​

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Frequently Asked QuestionsFAQ's

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  • What is NCB Auto Lease Program?

    NCB Auto Lease Program is a Shariah Compliant Product whereby NCB buys the car and leases it to the customer for a specified period of time and against monthly rental payment as per both parties (customer and NCB) agreement prior to car purchase, with a promise to sell the car to customer at the end of tenor provided that the customer pays the pre-agreed Balloon Payment.​

  • How long does it take to obtain approvals and get the car?
    Pre-approval instantly from your first visit. Upon submission of all required documents, you will be informed via SMS of the final approval within 2 business days.
    In coordination with the Car Dealership and Traffic Department, you will be contacted within 10 business days for car delivery.​
  • Can I get more than one car through NCB Auto Lease Program?

    Yes, up to 3 cars for Saudi citizens and 2 cars for residents provided that the total rental payment not exceeding 33% of monthly income.​

  • What is the maximum and minimum financing period?

    The minimum financing period for cars, whether new or pre-owned*, is one year while the maximum financing period is 5 years for new cars and 3 years for pre-owned ones. 
    Please take into consideration not to exceed the maximum age requirement during the tenure​
  • How many individuals can obtain authorization to drive each car?

    You can authorize a maximum of two people provided that they have a valid Saudi driver's license. ​

  • Can I travel in the car outside Saudi Arabia?

    Yes, provided obtaining international authorization to drive and geographic extension of your local insurance policy to cover countries outside KSA.​

  • What should I do in case of a Car Accident?

    In case of a Car Accident (May Allah Forbid), none waiver of/for the other party liabilities (Third party) should be made. The accident should be reported immediately to the insurance company, which the vehicle is insured with. In order to register your insurance claim, the below are the required document:
    − Original of Traffic Department report or Najm Company report
    − A copy of car accident repair permission
    − A copy of the car accident sketch
    − A copy of valid car license, copy of valid ID/Iqama, copy of valid driving licene (customer or authorized driver).
    − The insurance claim form is duly completed and signed.​

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