With our Shariah-compliant financing, you can rest assured that your car purchase aligns with your faith and values. Enjoy the peace of mind that comes with ethical and responsible financial choices.
Our flexible payment plans and competitive rates make car ownership affordable. We strive to offer solutions that help you get on the road without financial strain.
From the moment you start considering your car purchase to the final payment, Safa is with you every step of the way. Our dedicated team is here to support you, answer your questions, and provide the best financing solutions.
Say goodbye to the stress of high-interest loans. With Safa, you can enjoy the benefits of car ownership without the burden of paying interest.
Our commitment to ethical financing ensures that all transactions are conducted with integrity and transparency. We believe in building trust and long-term relationships with our clients.
- Passenger vehicles from dealers or private sellers
- Refinance of an existing secured loan
Financing Amount: $10,000 – $100,000 (including fees). Can include third-party warranties and/or dealer costs.
Financing Term: 3 – 7 years
Balloons: Permitted for terms up to 5 years
Profit-Charge Rate: Fixed and variable rates from 8.14% p.a. (subject to credit, residential status, and vehicle age)
Asset Condition & Insurance: Must be registered, road-worthy, not reported stolen, and not written-off. Comprehensive insurance required with Hejaz Islamic Credit Solutions as an interested party.
Credit Score Cut-Off: Equifax Credit Score > 500
Refinances: Payment history to show no arrears, vehicle inspection required, max LVR 130%
Odometer: Reading required as part of the assessment
Asset Age: Max 8 years at start of loan or 15 years at end of loan term
LVR: Maximum 130%. Used vehicles valued based on AutoEdge (Glass’s) retail price. New vehicles valued based on Recommended Retail Price (RRP).
Exclusions: No grey imports, kit cars, motorcycles, scooters, and racing cars.
Private Sale Verification: Asset inspection and seller verification via Verimoto Inspection
Repayment Frequency: Monthly
Additional Repayments: Allowed without penalty
