More enjoyable and convenient shopping with monthly payments at the lowest profit margin in the market.
The Riyad Bank Qasset Installment Program allows you to convert your purchase into a choice of smart payment plans.
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Fixed monthly installments
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Unlimited installment plans
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Shari'a compliant
The Qasset Installment program makes it easy to buy anything you desire without thinking twice about the immediate payments.
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Applies to purchase transactions made on your primary or supplementary credit cards
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Applicable for retail purchases made on your credit card locally or internationally
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Option to choose from the three payment plans - 3, 6 and 12 months
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A fee of SAR 50 will be charged for each installment transaction
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No limit on the number of installment plans allowed within your available credit limit
The table below illustrates how the Qasset Installment Program works for a transaction of SAR 6,000 on a 3, 6 and 12 month installment plan.
| Installment calculation on a SAR 6000 Transaction |
| Installment Plan Term |
3 months |
6 months |
12 months |
| Profit Rate (per month) |
0.50% |
0.75% |
1.00% |
| Monthly Installment |
2,020.03 |
1,026.41 |
533.09 |
How to benefit from the Riyad Bank Qasset Program:
Simply follow these 3 convenient steps:
Step 1: Use your Riyad Bank Credit Card to make a purchase of at least SAR 1,000.
Step 2: Call Riyad Bank’s Customer Service at (+966) 920002470 and request to convert your transaction to the Riyad Bank Qasset Program Plan of 3, 6 or 12 months.
Step 3: Pay only the monthly installment for the plan selected. The value of each monthly installment will be reflected in the monthly statement.
* Qasset Program does not apply on cash advances transactions