Qasset
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Back
Qasset
Riyad Bank’s Qasset program lets you convert any purchase into smart monthly installment plans for retail.
overview
Key benefits at a glance
- Fixed monthly installments
- Easy monthly installment plans
- Shari'a compliant
Qasset Program makes it easy to buy anything you desire without thinking twice about the immediate payments, where you can choose one of the five payment plans:
- 3 months
- 6 months
- 12 months
- 18 months
- 24 months
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Our Qasset
Explore our Qasset Products
Qasset your individual transactions
Convenience of settling your high value purchases in affordable & equal monthly installments.
0% Qasset
Under this program, you can enjoy 0% Qasset on specific retail purchases
Qasset your Balance
Allows you to convert your entire card outstanding balance into affordable and equal monthly installments
terms and conditions
Terms and Conditions
- Minimum age is 18 years
- 0% Qasset Program applies to transactions made on your primary or supplementary credit card
- Purchases can be made locally or internationally using your credit card
- You have the option to choose from the five payment plans
- A fee of S..R 50 will be charged for each installment transaction
- No limit on the number of installment plans allowed within your available credit limit
- Cash withdrawals are excluded from the Qasset program.
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The table below illustrates how Qasset Program works for a transaction of S..R 6,000 based on customer eligibility, and his regularity in card repayment
INSTALLMENT PLAN TERM
PROFIT RATE (PER MONTH)
MONTHLY INSTALLMENT in (Saudi Riyal)
3 months
0.50%
2,020.03
6 months
0.75%
1,026.41
12 months
1.00%
533.09
18 months
1.75%
391.46
24 months
2.00%
317.22
FAQS
Frequently Asked Questions
1
What is the Riyad Bank Qasset Program?
2
How does the Qasset Program work?
3
How to benefit from Qasset Program?
4
Do I need to apply for a new Credit Card to use the Riyad Bank Qasset Program?
5
Is Qasset Program limited for specific purchases?
6
How many transactions can I move to Qasset Program?
7
How many payment plans are available on the Riyad Bank Qasset Program?
8
How is the calculation done for the Riyad Bank’s Qasset Program?
9
How can I cancel a Qasset plan?
10
Can I early settle my Qasset plan?
11
Are there any early settlement charges on my Qasset plan?
12
What happens if I pay more than my Qasset monthly installment amount?
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