0% Qasset
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Qasset 0%
Riyad Bank Qasset 0% Program allows you to convert your purchase into a choice of smart payment plans in monthly installments for retail purchases made using your credit card locally or internationally.
- Fixed monthly installments
- Unlimited installment plans
- Shari'a compliant
More Information
0% 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
The table below illustrates how Qasset Program works for a transaction of SAR 6,000 based on customer eligibility, and his regularity in card repayment
INSTALLMENT PLAN TERM
PROFIT RATE (PER MONTH)
MONTHLY INSTALLMENT
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
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Minimum age is 18 years
-
0% Qasset Program applies to transactions made on your primary or supplementary credit card
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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 SAR 50 will be charged for each installment transaction
- No limit on the number of installment plans allowed within your available credit limit
-
Use your Credit Card to make a purchase of at least SAR 1,000
-
Call Riyad Bank’s Customer Service at 8001242225 and request to convert your transaction to 0% Qasset Program with a payment plan of your choice
-
Pay only the monthly installment for the plan selected. The value of each monthly installment will be reflected in the monthly statement.
Frequently Asked Questions
How many transactions can I move to Qasset Program?
There is no limit on the number of Installment Plans allowed (within the available credit card limit & subject to a minimum value of SAR 1,000).
Is there a minimum amount that can be moved to the Riyad Bank Qasset Program?
Yes, you can only move / transfer / convert your purchases worth a minimum value of SAR 1,000 through the Qasset Program.
Do I need to apply for a new Credit Card to use the Riyad Bank Qasset Program?
No, you can use your existing Riyad Bank Credit Card to benefit from this program.
How many payment plans are available on the Riyad Bank Qasset Program?
Add your Answer here !
The following options are the payment plans available under the Riyad Bank Qasset Program based on customer eligibility:
Program Riyad Bank's Qasset
Title 2
Title 3
Title 4
Title 5
Title 6
Installment Plan Term
3 Months
6 Months
12 Months
18 Months
24 Months
Profit Rate (per month)
0.50%
0.75%
1.00%
1.75%
2.00%
Is Qasset Program limited for specific purchases?
No, Qasset Program is applicable on any type of retail purchases made through your Riyad Bank Credit Card.
How to benefit from Qasset Program?
Add your Answer here !
Simply follow these 3 convenient steps:
-
Use your Riyad Bank Credit Card to make a purchase of at least SAR 1,000.
-
Call Riyad Bank’s toll number at 8001242225 and request to convert your transaction to the Qasset Program Plan of 3, 6 or 12 months.
-
Pay only the monthly installment for the plan selected. The value of each monthly installment will be reflected in the monthly statement.
How does the Qasset Program work?
It’s easy. If you have purchases of SAR 1,000 & above and want to pay the amount in easy monthly installments to manage your financial obligations, you can have that transaction moved to the Qasset Program installments plan.
What is the Riyad Bank Qasset Program?
The Riyad Bank’s Qasset Program is an installment plan whereby the customer has the convenience of settling his/her high value purchases in affordable & equal monthly installments.
How is the calculation done for the Riyad Bank’s Qasset Program?
The Riyad Bank’s Qasset Program is an installment plan whereby the customer has the convenience of settling his/her high value purchases in affordable & equal monthly installments.
The table below illustrates how the Qasset Installment Program works for a transaction of SAR 6,000.
Installment Plan Term
Profit Rate (per month)
Monthly Installment
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
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