Qasset Installment Program

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
  • Shari'a compliant

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 3 months 6 months 12 months
Profit Rate (per month) 0.0.% 0.50% 0.75%
Monthly Installment 1000 515 273

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

Frequently Asked Questions :

What is the Riyad Bank Qasset Program?
How does the Qasset Program work?
How to benefit from Qasset Program?
Do I need to apply for a new Credit Card to use the Riyad Bank Qasset Program?
Is Qasset Program limited for specific purchases?
Is there a minimum amount that can be moved to the Riyad Bank Qasset Program?
How many transactions can I move to Qasset Program?
How many payment plans are available on the Riyad Bank Qasset Program?
How is the calculation done for the Riyad Bank’s Qasset Program?
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