Your device is from us and your installments from Quara Finance
stc provides you with device installment service in collaboration with Quara Finance.We enable you to purchase devices and pay in easy monthly installments of your choice.
The service is designed to include all customer segments- citizens and residents, employees and retirees!
You will be eligible to get the service, depending on the professional status, age, service term and net salary.
| Occupational Status | Age | Service Term | Net Salary (minimum) |
| Governmental Employee | 21-60 Years | 3 months | 3,500 |
| Military (Officers) | 21 years old - by rank | 6 months | 3,500 |
| Military personnel rank (deputy sergeant / sergeant / first sergeant / chief sergeant) | 21 years old - by rank | 6 months | 3,500 |
| Military personnel rank (Soldier / First Soldier / Corporal) | 25 years old - by rank | 6 months | 3,500 |
| Private Sector Employees | 21- 60 Years | 6 months | 3,500 |
| Retirees | Until 70 Years | None | 3,500 |
| Governmental Sector Employees - Residents | 25- 60 Years | 12 months | 3,500 |
| Private Sector Employees - Residents | 25- 60 Years | 6 months | 7,500 |
Buy your favourite devices in easy installments. Complete the financing application online at Quara Finance’s website
To know the branches providing the service of purchasing devices in installment in cooperation with Quara finance
| Device Cost | 6 months | 12 months | 18 months | 24 months | 26 months |
|---|---|---|---|---|---|
| 3,000 | 560 | 310 | 227 | 185 | 143 |
| 4,000 | 747 | 413 | 302 | 247 | 191 |
| 5,000 | 933 | 517 | 378 | 308 | 239 |
| 6,000 | 1,120 | 620 | 453 | 370 | 287 |
| 7,000 | 1,307 | 723 | 529 | 432 | 334 |
| 8,000 | 1,493 | 827 | 604 | 493 | 382 |
| 9,000 | 1,680 | 930 | 680 | 555 | 430 |
| 10,000 | 1,867 | 1,033 | 756 | 617 | 478 |
| 15,000 | 2,800 | 1,550 | 1,133 | 925 | 717 |
| 20,000 | 3,733 | 2,067 | 1,511 | 1,233 | 956 |
| 30,000 | 5,600 | 3,100 | 2,267 | 1,850 | 1,433 |
1.
What are the minimum and maximum for device installment service?
A: The minimum is 4,000 SR and the maximum is 30,000 SR
2.
How long does the approval process take?
A: The approval process takes 15 - 30 minutes, in case all documents are fully submitted.
3.
If my financing request is rejected by you, what is the required procedure by stc?
A: Accepting and rejecting finance applications is the responsibility of Quara Finance (i.e. stc bears no liability for any procedure regarding the financing eligibility).
4.
Are replacement and return policies applied in the process of installment purchase?
A: Yes. All provisions and policies of replacement and return shall apply.
5.
Can I return the products purchased in installment and receive my cash back?
A: No, If you want to replace or return the devices purchased in installments, stc replacement and return policy shall apply.
6.
Can I get more than installment service at sporadic times, if my purchases do not overpass the maximum?
A: Yes, provided that the period is not less than 3 months, and the installments of previous contract were being regularly paid.
7.
How can I get installment service from Quara Finance?
A: You can complete the online application at Quara Finance website. You can also visit one of stc stores providing the service.
8.
What are the branches that provide the installment service through Quara Finance?
A: Riyadh (Al-Suwaidi, Al Sharq, Al Shamal, King Fahad Road), Jeddah (Prince Sultan Road, AlSafa), Mecca (Al Shawkia), Dammam (Almajdouie, Al Shadi’), Maddina (Rawabi Qibaa), Jazan (Corniche “Main”), Khamis Mushait (Khamis Avenue).
9.
What are the advantages of Takaful insurance’s service and the deduction rate?
A: The service provides Takaful insurance covering the remaining finance in case of death. The service shall not overpass the deduction ratios prescribed by SAMA.
