Enjoy Maximum Flexibility
Enjoy maximum flexibility by converting your credit card purchases into installment plans, with up to 100% profit margin waiver, and multiple repayment tenures tailored to your needs: 3, 6, 9, or 12 months.
|
12 Months |
9 Months |
6 Months |
3 Months |
Installment Plan* |
|---|---|---|---|---|
|
0.99% Monthly |
0.95% Monthly |
0.90% Monthly |
0% Profit Margin |
Profit Margin after Partial Waiver |
Example 1: Purchase of 6,000 Ʀ with a 3-Month Plan (Full Profit Margin Waiver):
|
Ʀ 6,000 |
Purchase Amount |
|---|---|
| 0.99% | Standard Profit Margin (for example) |
| 0% | Profit Margin After Waiver |
|
Ʀ 2,000 |
Monthly Installment Amount |
|
3 months |
Selected Installment Duration |
|
6000 * 0% = Ʀ 0 |
Monthly Profit Margin |
|
Ʀ 2,000 |
Total Monthly Installment Amount |
Example 2: Purchase of 6,000 Ʀ with a 6-Month Plan (Partial Profit Margin Waiver)
|
Ʀ 6,000 |
Purchase Amount |
|---|---|
| 0.99% | Standard Profit Margin (for example) |
| 0% | Profit Margin After Waiver |
|
Ʀ 2,000 |
Monthly Installment Amount |
|
3 months |
Selected Installment Duration |
| 6,000 × 0% = 0 Ʀ | Profit on Installment Plan |
|
6000 * 0% = Ʀ 0 |
Monthly Profit Margin |
|
Ʀ 2,000 |
Total Monthly Installment Amount |
Monthly Installment Breakdown:
|
Ʀ 6,000 |
Purchase Amount |
||
|---|---|---|---|
|
Total for this month |
Profit for this month |
Installment for this month |
Month |
|
Ʀ 1,045 |
(Ʀ 6,000 - Ʀ 1,000)*%0.9 = Ʀ 45 |
Ʀ 1,000 |
First |
|
Ʀ 1,036 |
(Ʀ 6,000 - Ʀ 2,000)*%0.9 = Ʀ 36 |
Ʀ 1,000 |
Second |
|
Ʀ 1,027 |
(Ʀ 6,000 - Ʀ 3,000)*%0.9 = Ʀ 27 |
Ʀ 1,000 |
Third |
|
Ʀ 1,018 |
(Ʀ 6,000 - Ʀ 4,000)*%0.9 = Ʀ 18 |
Ʀ 1,000 |
Fourth |
|
Ʀ 1,009 |
(Ʀ 6,000 - Ʀ 5,000)*%0.9 = Ʀ 9 |
Ʀ 1,000 |
Fifth |
|
Ʀ 1,000 |
(Ʀ 6,000 - Ʀ 6,000)*%0.9 = Ʀ 0 |
Ʀ 1,000 |
Sixth |
| 6,135 Ʀ | Total Amount After Partial Profit Waiver | ||
- Log in through the alinma App.
- Select the credit or Alfursan card.
- Choose alinma Installment.
- Click on "New Payment Plan."
- Select the transaction to create an installment plan for.
- Choose the installment period.
- Review the plan and confirm.