1. Personal Banking
2. Credit Cards
3. Buying on Installments

Buying on Installments

Now, when you use your credit card for purchases of SR 1,000 and above, you can simply pay them in equal installments* over 3, 6, 12, and up to 60 months at a percentage rate of 1% per month at all merchants.

Key features

• Use up to 90% of the credit card limit in installments**
• Valid for all purchases including cash withdrawals
• Valid for credit cards only (not applicable for charge or corporate cards, for which the full outstanding amount is payable every month)

• Approved by Shariah Board for Shariah Compliant Credit cards

  
  

* Annual Percentage Rate is 12%
** Maximum of 7 active installments at a time

%1 Installment

For example, if you purchase an item for SR 6,000, you can pay only SR 560 per month in installments for 12 months. 

You can pay at 1% percentage rate installments on all your purchases, cash withdrawals and other transactions.

%0 Installment