Credit Card Installments

Now with ALEXBANK credit card installment programs,

Buy, withdraw & transfer your balance with competitive features and plans to suit your needs

 

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Credit Cards Installment Programs Terms & Conditions:


  • Installment Payment Programs on credit cards is a payment option that enable customer to make payment on installments & can be request through our contact center 19033 through a recorded call
  • There are no documents required for instalment programs
  • Customer can choose the tenor of instalment as per his/her preference from 6 – 12 -18 – 24- 36 months
  • All instalments are equal for each transaction
  • There are no maximum number of requests as long as they are within 90% of credit card’s limit and within the available limit.
  • For cash instalment program the amount of cash requested must be within the available cash limit
  • The first installment will be posted on the next statement date (25th of the month) after the instalment booking date & will be due for payment after 25 days of the statement date.
  • The monthly installment is posted as part of the minimum amount due
  • For Instalment program cancelation, customer must contact the contact center prior paying the remaining principal amount
  • 3% penalty fees is applied in case of request for an early settlement of the instalment plan. The fees will be calculated on remaining principal amount
  • In case of early settlement of the plan, the full principal amount will be part of the next statement’s minimum amount due.