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Credit Cards Installment Payment Plan Terms & Conditions:

Installment Payment Plan is a service which allows customers to convert credit card purchases using CIB Credit Cards into installments with zero interest based on CIB agreement with Souq.com
  • The service is provided through Souq.com website and/or app.
  • This offer is valid till 10th of August 2019.
  • The credit cardholder has to click the zero interest installments box on the Souq.com website and/or app before processing the transaction.
  • This offer is valid on all the saleable products on Souq.com.
  • The minimum transaction amount is 500 EGP.
  • The installment tenor is 6 months or 12 months.
  • There are no maximum number of enrollments in Installment Payment Plan service as long as they are within the card’s credit limit.
  • The first installment is due on the next month of enrollment. Example: if the customer applied for Installment Payment Plan in March the first installment will be due in April.
  • The installment is posted as part of the amount due, which is the installment/s plus the minimum amount due out of total non-enrolled balance in Installment Payment Plan-if any.
  • The cardholder should abide with the monthly installments as if the principal amount of the Installment Plan is settled before maturity date, the service will be automatically cancelled.
  • This service will not be available if the card is over limit and/or delinquent and/or suspended cards, while active services might be automatically cancelled for the same reasons.