Qatar Islamic Bank (QIB) has extended its Easy Payment Plan (EPP) feature to debit cardholders, making it available on the QIB Mobile App. This new service allows QIB debit cardholders to convert their transactions into installments, providing them with more financial flexibility and convenience.
Previously, the EPP option was only accessible to QIB credit cardholders. Now, all eligible debit cardholders can also benefit from this feature. QIB is the first bank in Qatar to offer the Easy Payment Plan on both credit and debit cards.
Through the EPP, QIB cardholders can convert transactions above QAR 5,000 into monthly installments ranging from 3 to 24 months, without affecting their card limit or account. The Equated Monthly Installment (EMI) is calculated by dividing the total EPP price, which includes the purchase price and any applicable profit, by the EPP term.
This new offering from QIB provides its customers with enhanced financial management capabilities, allowing them to pay for purchases over time in a convenient and flexible manner. The extension of the EPP to debit cards further solidifies QIB’s position as a leading digital bank in Qatar, continuously innovating to meet the evolving needs of its customers.
Add a comment