FAQ
What is the financial lease?

It is a contract whereby the lessor keeps the leased asset until the end of the contract and pays all the lease payments, and under which the tenant has the right to use the car in return for monthly rental payments agreed upon to be paid to the lessor, the tenant has the right to own the car after paying the full payments and meeting all the terms of the contract.

What are the sectors that are financed by TAAJEER Finance Company?

TAAJEER Finance Company provides innovative financing solutions to individuals and companies.

What are the products oered by TAAJEER Finance Company?

TAAJEER Finance Company oers a range of products that comply with Islamic law:
• Leasing
• Murabaha
• Twarruq (soon)

Documents required for funding?

– The applicant’s age should not be less than 21 years
– Salary should not be less than 4000 riyals
– Salary identification letter (the letter is valid for one month)
– A 3-month bank account statement
– Valid ID and license
– Social Insurance
– National address
– Filling out the funding form

What are the methods and channels of paying the monthly dues?

TAAJEER Finance Company provides flexible solutions, as monthly dues can be paid through the following channels:

• Branches of TAAJEER Finance Company throughout the Kingdom
• Bank deposit
• ATM machines
• Phone banking
• Mobile application

Getting a payment number (SADAT)?

The customer is provided with the special payment number through a text message sends to the customer after signing the contract.
The customer can also get the payment number by calling the company’s unified number 920000649

Time of monthly dues payment?

The customer pays the monthly dues at the beginning of each Gregorian month for the duration of the contract.

Possibility of assigning the contract to another customer?

Yes, TAAJEER Finance Company provides its clients with the possibility of assigning the contract to another customer during the validity period of the contract after fulfilling the necessary conditions.

What are the procedures required at the end of the contract period?

At the end of the contract period, the customer refers to the nearest branch of TAAJEER Finance Company to complete the applications and procedures necessary to terminate the contract (such as procedures for transferring ownership of the vehicle) and receiving clearance.

Possibility of owning the contract before the end of the contract period?

Yes, TAAJEER Finance Company provides the possibility of owning the contract (early payment) before the end of the contract period, as the customer must pay the remainder of the asset’s value in addition to the cost of the following 3 months in addition to what is paid by TAAJEER Finance Company of non-refundable expenses.

Procedures in the event of an accident?

In the event of an accident, the customer is obligated to do the following:
– Call the Traffic or Nejm
– Notify the nearest branch of TAAJEER Finance Company and the insurance within a maximum period of 48 hours.
– Non-assignment

Can a customer schedule the last payment?

TAAJEER Finance Company allows you to reschedule the last payment for a period of 12 months.