Buy anything from electronics to jewellery, home décor, travel and entertainment. Repay in easy and convenient monthly installments.
What is Ahlibank Easy Payment Plan (EPP)?
Ahlibank Easy Payment Plan is a Credit Card feature that offers the convenience of paying large value transactions in small, equal and affordable instalments.
How can I convert my large value purchase into Easy Payment Plan (monthly instalments)?
It’s simple. Once you make a purchase of QAR1,000 or more within Qatar or overseas, you need to call Ahlibank Contact Centre at 4420 5222 after you make the transaction and request to convert the purchase amount into instalments for a nominal processing fee. You will have to specify the repayment duration (3, 6, 12, or 24 months) you would like for your Easy Payment Plan.
Do I need to apply for Easy Payment Plan?
No, you do not need to apply or fill a separate application form to benefit from Easy Payment Plan. All you need to do is to call Ahlibank Contact Centre at 4420 5222 after you make the transaction and request to convert your purchase amount into Easy Payment Plan (monthly instalments).
Are there any documents or a down-payment required?
There are no additional documents to complete or a down-payment required to benefit from the Easy Payment Plan feature.
Is there a processing fee charged for the Easy Payment Plan feature?
A nominal processing fee of QAR 20 would be charged with the first statement. This fee would be charged for each transaction converted to Easy Payment Plan.
How do I calculate the monthly instalments I’ll be making for a purchase?
The table below is an example of how Ahlibank Easy Payment Plan works for Credit Card transaction of QAR 3,000 converted into Ahlibank Easy Payment Plan for 3, 6, 12, or 24-months term:
|Installment Calculation on QAR 3,000 transaction
|Monthly Interest Rate
|Monthly Installment - QAR
Can all Ahlibank Credit Cardholders benefit from the Easy Payment Plan feature?
Yes, all Ahlibank Credit Cardholders can benefit from the Easy Payment Plan feature.
Is there a limit to how many transactions I can convert to Easy Payment Plan?
No, there is no limit on the number of transactions you can convert to Easy Payment Plan. You can convert your transaction to Easy Payment Plan up to the maximum available credit limit.
Would I have my entire credit limit still available for me to use?
The credit limit equal to the Easy Payment Plan transaction would be blocked initially. The remaining balance of the booked Easy Payment Plan transaction would be blocked and released gradually after each monthly installment. For example: If your credit limit is QAR 10,000 and you have requested an Easy Payment Plan transaction for QAR 6,000 for 3 months. Initially, your credit limit would be blocked for QAR 6,000 and as and when you are repaying your monthly installment of QAR 2,000, the blocked limit would be reduced based on the amount of repayment. Once you repay 2 instalments, you would have QAR 8,000 available limit and once you settle the entire Easy Payment Plan outstanding balance, you would have your entire credit limit of QAR 10,000.
How will it reflect in my monthly Credit Card statement?
The relevant Easy Payment Plan Monthly Instalment will be added to Amount Outstanding and the Minimum Amount Due on each month’s Credit Card statement, the total of which needs to be settled by the customer on or before the payment due date (until all Easy Payment Plan outstanding amounts are fully paid
What is the process of pre-closing or cancelling the Easy Payment Plan prior to the end of the agreed term?
In case you wish to cancel the Easy Payment Plan transaction prior to the end of any outstanding Easy Payment Plan term, you need to call Ahlibank Contact Centre at 4420 5222 and request for the same. This will take a minimum of 3 working days for the cancellation to take effect. The Easy Payment Plan outstanding amount will be added to the overall outstanding amount which would need to be settled by the payment due date. The Bank will charge a fee of QAR 20 as an early settlement fee.
Do I still earn Pearl Rewards points on purchases converted to Easy Payment Plan?
Yes, if your Ahlibank Credit Card has Pearl Rewards points, you will earn Pearl Rewards points for purchases converted to Easy Payment Plan.
Who do I call to ask for more information about the Easy Payment Plan feature?
For more information about Easy Payment Plan, please call Ahlibank Contact Centre at 4420 5222.