Easy Payment Plan
Convert up to 10 QIB card transactions of QAR 5,000+ into 3–24-month instalments via the QIB Mobile App, without impacting your card limit.
Easy payment plan
Details
Freedom of payment: Convert your purchases into monthly instalments from 3 to 24 months instantly through the QIB Mobile App. You can also choose the amount and repayment period that suits you.
Card flexibility: Use both your Debit and Credit Cards (Up to 10 transactions) and get more options to convert transactions and stay in control.
Access anytime: Manage your transactions through the QIB Mobile App and set up your instalments quickly and conveniently, 24x7.
Simple eligibility: Start with transactions of QAR 5,000 or more and make your high value purchases easier to handle.
Cost-efficiency: Enjoy a 5.85% reducing profit rate, which keeps repayment costs lower over time and predictable for budgeting purposes.
Safe and compliant: Our simple payment plans align perfectly with Qatar Central Bank limits on salary commitments and total obligations, ensuring responsible borrowing and financial safety.
No extra fees: Enjoy instalments without hidden charges, making your payments straightforward and worry-free.
- General
- Credit/Debit Card for Easy Payment Plan is open to the holders of Credit/Debit Cards issued by Qatar Islamic Bank QPSC, hereinafter referred to as "QIB or The Bank."
- Hereinafter referred to as the "Credit/Debit card." All Visa and Mastercard Credit/Debit cards issued by QIB, hereinafter referred to as the "Credit/Debit card." Easy Payment Plan is hereinafter referred to as the "EPP."
- The purpose of EPP is to enable the cardholder to purchase goods and services using the Credit/Debit Card and repay the amount of the purchase in equal monthly instalments in accordance with these terms and conditions of QIB Personal Finance.
- Eligibility
- Every cardholder who meets the Credit/Debit Card terms & conditions of QIB and whose accounts are current (as determined by the Bank) will be automatically eligible for benefiting from EPP. EPP is available for primary Credit/Debit Card holders.
- Conducting an EPP transaction
- The EPP is offered on all Credit/Debit Card purchase transactions above QAR 5,000, or as defined by QIB, at a Personal Finance profit rate as specified by the bank for Personal Finance from time to time.
- To avail the EPP on cards, the customer has to be eligible to take Personal Finance as per the Personal Finance Policy of QIB.
- The EPP term will vary from 3 months up to 24 months.
- The customer, at any given point, can only avail a maximum of 10 EPPs on all the cards held with QIB.
- Billing & payment of the EPP instalments
- The amount to be paid every month, "Equated Monthly Instalment (EMI)," will be computed by dividing the Total EPP Price by the EPP Term. The Total EPP Price is arrived at by adding the Purchase Price of the goods or services and the profit for the EPP Term (if applicable).
- EPP Monthly EMI shall be billed to the cardholder ’s current account as per the QIB Personal Finance Terms and Conditions.
- Once the EPP is approved, a Personal Finance will be created for the customer, and the proceeds of this personal finance will be credited to the Credit Card or to the Debit Card Account on which the EPP has been requested.
- The payment of these EMI will follow the Personal Finance criteria of repayment as determined by QIB. The Bank shall have the right to demand immediate payment thereof at its discretion.
- The cardholder ’s request for reducing the EPP term, i.e., the number of EPP monthly instalments, will not be entertained.
- The cardholder will be allowed the option of prepaying the Total EPP Outstanding Instalments amount in one lump sum prepayment as per the Terms and Conditions of QIB Personal Finance.
- Product liability
- QIB will not be liable for any damage or loss incurred by the cardholder arising out of the purchase, installation, use, or otherwise of the good(s) and/or service(s) under EPP, nor for any negligence, breach of statutory or other duty on the part of QIB. QIB shall also not be responsible in any way for the quality of the goods and/or services purchased under EPP. Any complaint as to the quality of the goods purchased or services rendered through EPP shall be referred to the supplier or merchant and shall not affect the cardholder’s obligation to continue paying the EPP monthly EMI s to QIB.
- Modifications, amendments, and cancellation
- QIB is entitled, at any time, and without any prior notice or liability to the cardholder in any manner whatsoever, to terminate EPP or cancel or vary its benefits or features, or vary, or add or delete any of these terms and conditions. However, such termination shall not affect transactions concluded by the cardholder and accepted by QIB under EPP before the termination decision. QIB is also entitled to determine a floor limit for the minimum amount of purchase allowable under EPP for each particular offer.
- QIB reserves the right to disqualify any cardholder from further participation in EPP if, in its judgment, that cardholder has in any way violated the rules and conditions herein, or has violated the Terms & Conditions attached to their QIB Credit/Debit Card. Suspension and disqualification shall not lead to termination of transactions already concluded by the cardholder and accepted by QIB before such decision.
- QIB shall be entitled to disallow/refuse any transaction submitted by the cardholder to it under EPP without assigning any reason whatsoever.
- Indemnity
- QIB shall not be liable if it is unable to perform its obligations under these terms and conditions due directly or indirectly to the failure of any machinery or communication system, industrial dispute, war, act of God, or anything outside the control of QIB.
- The terms and conditions herein shall be without prejudice to the existing Credit/Debit Card Terms and Conditions governing the issue of and use of the QIB Credit/Debit Card and shall apply to the EPP.
- If at any time a dispute arises in connection with either the EPP or these Terms and Conditions, QIB ’s decision in connection with the same shall be final and binding. QIB reserves the right to terminate the EPP without prior notice.
- These terms and conditions are governed by the laws of the State of Qatar. The Qatari courts shall resolve any dispute that may arise between the parties.
- If a conflict arises between the Arabic and the English texts of these terms and conditions, the Arabic version will legally prevail.
- All the previously agreed terms and conditions of the cards will remain valid and enforceable.
How to apply for Easy Payment Plan in 4 steps
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Step 1
Login to the QIB Mobile App
Step 1
Login to QIB Mobile App and start your Easy Payment Plan journey.
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Step 2
Select eligible transactions
Step 2
Choose Credit or Debit Card transactions above QAR 5,000 made within the last 35 days that you want to convert.
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Step 3
Choose instalment plan
Step 3
Pick the number of months (3 to 24) for repayment. You can convert up to 10 transactions at a time.
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Step 4
Confirm and activate the plan
Step 4
Review your selections, confirm the details, and activate the Easy Payment Plan instantly within the app.
FAQs
EPP allows you to convert eligible Credit or Debit Card transactions into monthly instalments, which, in turn, makes it easier to manage large purchases.
Primary holders of QIB Credit and Debit Cards who meet the bank’s account eligibility and Personal Finance requirements can use EPP.
You can convert transactions starting from QAR 5,000 into monthly instalments.
You can choose a repayment period between 3 and 24 months, depending on your needs and eligibility.
Use the QIB Mobile App to select eligible transactions and convert them into monthly instalments instantly.
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