Installment Purchases with Tamkeen Plus Cards

 

Bank Albilad offers the Installment Purchases Program on Tamkeen Plus Cards, which allows customers to divide the value of purchases into equal installments 

over a period not exceeding 12 months with a profit margin starting from 0.5%.

How to redeem

What are the main advantages of installment purchases from Bank Albilad?

  • Payment periods starting from 3 months to 12 months

  • discounted profit margin starting from 0.5%

  • Available for all local and international purchases. Minimum purchase value 1000 SAR.

  • Maximum number of installments plans 4 active plans. 

Types of cards included in the offer

Tamkeen plus cards

​Terms and conditions

​​Purchase transaction

​3 months

​​6 months

​​12 months

​1000 SAR or more

​​0.50% profit margin

​​1% profit margin

​1.50% profit margin


Example: Purchase transaction of 5000 SAR for 6 months:

Purchase transaction amount                                      5000 SAR                        

Installment period chosen by the customer                  6 months.                       

Purchase transaction 5000 SAR x 1% Monthly profit margin       50 SAR  

monthly installment amount.                                        883.33



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