Frequently asked questions

Tamwily General

The rates are based on several things. It pays to put down as large a down payment as you can. We will also take into account how bad your credit is and how good or bad a risk you are. We do however offer highly competitive rates in all cases!

You’ll need just a couple of minutes. Don’t miss any questions out or omit any information. You’ll stand more chance of being accepted if you fill in the form accurately and with 100% correct information. We may deny an application that is not fully filled out. Decisions come very quickly, but if you don’t get one try reapplying. Very often there will have been an error when you submitted it. Double check everything and send it again.

No – we don’t charge you anything for using our service.

Yes! This is the main reason why we are in business – to help people get the auto loan they need, regardless of how good or bad their credit rating might be. Our high standards mean you can look forward to a great service and help whenever you need it.

When people buy a pre-owned auto we recommend they take out a warranty on it. It will protect against the potential cost of repairs in the future. Unexpected costs like this will increase the chances of you getting into trouble with your loan repayments. To avoid this, a warranty can be extremely useful to have. Click here to find out more about a top warranty company.

Yes you can. It’s because a lending institution will look closely at an auto loan if you are paying one back. The only loan that is looked at more closely is a home loan. If you repay it diligently and on time you will rebuild your credit history. A secured credit card can help too. If you opt to buy your auto from a car lot you won’t get the same benefit. This is because it doesn’t affect your credit record.

We submit to stringent checks with Trust-Guard. These take place daily. We assure you your information is always safe. Click on the link for Trust-Guard to find out more. Just be sure that when you start your application you can see the https:// in the address bar. This will tell you that you are on a secure connection.

About Finance

Tamwily Car finance allows you to own your car by financing it through several financing options, either fixed monthly installments or annual payments in the form of 30-40-40 or 50-50. The finance programs are based on a fixed interest percentage rate, which is added to the basic car value.

It starts from 12 months and lasts up to 60 months. Depending on the program and the vehicle type.

The finance murabaha rate depends on the amount of down payment and original vehicle price.

The down payment depends on the vehicle price. The more the down payment amount, the less the interest rate and monthly installments.

Yes, it is possible. As long as the vehicle installment amount is less than 33% of your salary.

  • Salary Must be more than SR.3500
  • Age must be above 21
  • Must be working six months and three months for government employees
  • Copy of Valid ID or IQAMA and Copy of Valid driving license

  • Copy of Valid ID/Iqama
  • Copy of Valid Driving License
  • Bank Statement showing last three salaries
  • Income letter showing job title and date of joining
  • Map of residence and work location
  • Electricity Bill with house rental contract

Yes. It is possible to purchase the leased vehicle before the end of the finance period. The collection department will calculate the remaining payment and give you a discount, then register the vehicle in your name.

Yes. All our financing products are compatible with Sharia principles. We have consultants experienced in Sharia who comprehensively review all our products on a regular basis.

Auto leasing a new vehicle has its advantages over cash purchasing. Which include, the convenience of having access to extra cash every month and saving for a down payment. As well as, being able to have a new car every few years. Whereas, cash purchasing requires spending a large amount of money at once.

About Website

Through our website you can:

  • Search for the car that you want based on your budget or the car specifications that you prefer
  • Calculate your monthly installment fee
  • Browse our special offers
  • Apply to join the Tamwily team

Once you submit your application online, a Tamwily representative will then contact you to guide you through the process, and direct you to the Tamwily showroom nearest to you so that you can finalize your application in one quick visit.

Registration will make it easy for you to see all your past and current Tamwily transactions online. There you can view your payment history, next payment due date and any pending payments, in addition to being able to send us an inquiry.

Just click on the ‘contact us’ link on the bottom left of the website. There you will find the address and Google maps of our headquarters, regional offices and all branch locations.

You can apply for available vacancies by sending your CV to the email listed on the job opportunities page. Alternatively, you can fill in our general application and we will contact you if any opportunity that matches your experience arises.

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