FinanceSaudi Arabia

Jarir Quara Installment Service: All You Need To Know

Jarir Quara Installment Service

Jarir bookstore, in collaboration with Quara Finance, offers an installment service that allows customers to buy products and pay for them in easy installments. With this service, you can purchase products without carrying a credit card or cash.

Expatriates working in the Public and Private sectors require a minimum salary of SR 7,000 in order to be eligible for this installment program. Apart from this, he/she must be over the age of 25 and must work for a minimum of 12 months.

Features

  • No down payment
  • Instant approval 
  • Financing up to SR 30,000
  • Payment period up to 36 months 
  • No guarantor is required 
  • Shariah-compliant financing

Required Documents

  • Valid Iqama. 
  • Salary certificate.
  • 3 months bank statement.
  • GOSI Certificate.

The minimum and maximum amounts of allowed purchases using the installment program are SR 4,000 and SR 30,000, respectively. The approval process at showrooms takes only up to 30 minutes once all the required documents are provided. Customers can also apply online to get an initial approval by visiting their website. The installment service is available in all Jarir bookstores. Installment tenures are 6, 12, 18, 24, and 36 months, and the installment service profit margin is 1.85%/month.

Also Read: Everything you need to know about Extra-TASHEEL Finance Program