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.
Fixed monthly installments
Unlimited installment plans
Lowest processing fee
The Qasset Installment program makes it easy to buy anything you desire without thinking twice about the immediate payments.
Applies to purchase transactions made on your primary or supplementary credit cards
Applicable for retail purchases made on your credit card locally or internationally
Option to choose from the three payment plans - 3, 6 and 12 months
Lowest profit margin in the Kingdom starting from 0.0% per year
Lowest processing fee of SAR 20 per transaction
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 3,000 on a 3, 6 and 12 month installment plan.
|Installment calculation on a SAR 3000 Transaction
|Installment Plan Term
|Profit Rate (per month)
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