• Mileage: 24,000 km
• Lease Period: 60 months
• Monthly Installment: SAR 1,315
• Balloon Payment (Final Payment): SAR 38,864
• Payments Made: 15 installments already paid
Transfer Requirements (As per Riyadh Bank Policy):
• Minimum Salary: SAR 10,000
• Required Documents:
• Salary Certificate
• GOSI Certificate
• Last 3 months’ bank statements showing salary deposits
Down Payment Requirement:
• The bank will require 15% of the balloon payment (approximately SAR 6,000) to be paid upfront at the time of transfer.
• This amount will be deducted from the balloon payment, meaning the final payment at the end of the lease term will be reduced accordingly.