SABB AQSAT - Installment Plans

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Welcome to “SABB 0% AQSAT”– the SABB Credit Card that features the convenience of paying large value transactions in equal, affordable installments.

 

SABB Credit Card Cardholders are able to convert eligible transactions to AQSAT 0% annual percentage rate for all merchants by selecting the most convenient repayment duration for low fee.

Salient features:

  • Applies to any transation of over SAR 1000 made on your primary or supplementary card but no more than 95% of maximum available limit
  • Flexible repayment term of 6, 12 or 24 months
  • Lowest annual percentage rate starting 0% per annum
  • Detailed monthly statements
  • No need of a guarantor
  • No down payments
  • No restrictions on number of installment plans allowed within the available credit limit
  • The following table highlights the minimum and maximum transaction amount for respective term/tenure
Repayment Term (Month) 6 12 24
Minimum Transaction Amount (SAR) 1,000 2,000 5,000
Maximum Transaction Amount (SAR) UP to a maximum of available Credit Limit

 

  • You can convert your online purchases to AQSAT in the following stores:
 Merchant Name  Website URL
 AANI and DANI Chocolatier www.aani-dani.com
 Al Danube  www.danube.sa
 Almosafer Installments  http://www.almosafer.net
 ALSaif Gallery  www.alsaif.com
 Altayyar Travel Group  www.altayyaronline.com
 Extra KSA  www.extra.com
Flyin.com  Flyin.com 
IKEA KSA   http://www.ikea.com.sa
 Souq KSA  www.souq.com
U-Mark.net   www.u-mark.net
University Of Business and Technology  www.ubt.edu.sa 

The table below is an example of how SABB AQSAT works based on a transaction of SAR 5,000 converted in to the AQSAT Plan for 6, 12 and 24 month tenors

AQSAT Installment Calculation - SAR 5,000 Transaction
Tenor 6 Months 12 Months 24 Months
Annual percentage rate (APR) 0% 0% 24% (12% annual rate)
Monthly Installment (SAR) 833.3 416.7 258.3
Administration Fee (Fixed amount)

103.95

208.95 52.5

Simply follow these 2convenient steps to benefit from SABB AQSAT:

Step 1: Use the SABB Credit Card and make a minimum purchase of SAR 1,000.
Step 2: Call SABB at 800 124 5557 and request to convert the said transaction in to SABB AQSAT Plan for 6, 12 or 24 months.

To convert your online purchases to AQSAT follow these steps:

  1. Choose AQSAT payment.
  2. Choose SABB BANK
  3. Choose your preferable AQSAT plan
  4. Enter your credit card information
  5. Read and approve terms and conditions
  6. Approve monthly installment amount

Payfort Installments provides you with the flexibility to choose your preferred installments plan with 0% annual percentage rate for all merchants.

FOR FURTHER DETAILS ON AQSAT AND ITS TERMS AND CONDITIONS,

PLEASE SEE BELOW OR CALL SABB DIRECT ON 800 124 5557 .

FAQ's