your device is from us‬ and your installments‬ from Quara Finance‬

stc provides you with device installment service in collaboration with Quara Finance. We enable you to purchase devices and pay in easy monthly installments of your choice.

Advantages that meet your needs

  • Without advance payment.
  • Immediate approval.
  • Financing up to 30,000 SR
  • Payment term of 24 months.
  • Without guarantor.
  • Sharia-compliant 
  • Exemption from administrative fees for stc customers.
  • Takaful Insurance

Am I eligible?

The service is designed to include all customer segments- citizens and residents, employees and retirees!
You will be eligible to get the service, depending on the professional status, age, service term and net salary.

Occupational Status Age Service Term Net Salary (minimum)
Governmental/Quasi-Governmental Employee 18- 60 Years 3 months 3,500
Bank Employees 18- 60 Years 12 months 3,500
Private Sector Employees 25- 60 Years 12 months 4,000
Retirees Until 67 Years None 3,500
Governmental Sector Employees - Residents 25- 60 Years 12 months 3,500
Private Sector Employees - Residents 25- 60 Years 12 months 7,000

Apply Now!

Buy your favourite devices in easy installments. Complete the financing application online at Quara Finance’s website Application


Copy of Personal ID
Account Statement for the last 3-month salary.
Salary breakdown and appointment date from the employer

Terms and Conditions:

  • Device installment plan is a service provided in collaboration with Quara Finance, which shall have the full right in accepting or rejecting the finance application submitted by you, based on your eligibility under the service provider’s terms and conditions.
  • You can benefit from the installment service, provided that the bill value shall not be less than 3,500 SR and not more than 30,000 SR.
  • Available financing options are: (6 - 12 - 18 - 24 months) you can choose the appropriate period, without opposing to financing company’s terms and conditions.
  • In return for the installment service, the service provider shall be paid a profit margin of 1.58% per month.
  • The acceptance of application requires a credit record free of defaults.

Table of Examples of Monthly Installments Plans

Device Cost 6 months 12 months 18 months 24 months
4,000 730 397 286 230
5,000 913 496 357 288
6,000 1,095 595 429 345
7,000 1,278 694 500 403
8,000 1,460 794 571 460
9,000 1,643 893 643 518
10,000 1,825 992 714 575
15,000 2,737 1,487 1,071 862
20,000 3,650 1,983 1,428 1,150
30,000 5,474 2,974 2,141 1,724

To know the branches providing the service of purchasing devices in installment in cooperation with Quara finance


Q: What are the minimum and maximum for device installment service?
A: The minimum is 3,500 SR and the maximum is 30,000 SR

Q: How long does the approval process take?
A: The approval process takes 15 - 30 minutes, in case all documents are fully submitted.

Q: If my financing request is rejected by you, what is the required procedure by stc?
A: Accepting and rejecting finance applications is the responsibility of Quara Finance (i.e. stc bears no liability for any procedure regarding the financing eligibility).

Q: Are replacement and return policies applied in the process of installment purchase?
A: Yes. All provisions and policies of replacement and return shall apply.

Q: Can I return the products purchased in installment and receive my cash back?
A: No, If you want to replace or return the devices purchased in installments, stc replacement and return policy shall apply.

Q: Can I get more than installment service at sporadic times, if my purchases do not overpass the maximum?
A: Yes, provided that the period is not less than 3 months, and the installments of previous contract were being regularly paid.

Q: How can I get installment service from Quara Finance?
A: You can complete the online application at Quara Finance website. You can also visit one of stc stores providing the service.

Q: What are the branches that provide the installment service through Quara Finance?
A: Riyadh (Al-Suwaidi, Al Sharq, Al Shamal, King Fahad Road), Jeddah (Prince Sultan Road, Al Shifa), Mecca (Al Shawkia), Dammam (Almajdouie, Al Shadi’), Maddina (Rawabi Qibaa), Jazan (Corniche “Main”), Khamis Mushait (Khamis Avenue).

Q: What are the advantages of Takaful insurance’s service and the deduction rate?
A: The service provides Takaful insurance covering the remaining finance in case of death. The service shall not overpass the deduction ratios prescribed by SAMA.

Terms and Conditions for Samsung Galaxy S21 Series 5G Offer:

  • This offer is for Samsung Galaxy S21 devices only which purchased from stc via Quara Finance through installments contracts.
  • This offer is valid from 25 February to 11 March 2021
  • The customer will gets 3 free installments on 24 months contract based on the schedule shown below:

  • Device Capacity Tenure Total waivers SR
    ( 3 installments)
    Samsung Galaxy S21 5G 128GB 24 619.7
    Samsung Galaxy S21 5G 256GB 24 656.8
    Samsung Galaxy S21+ 5G 128GB 24 739.9
    Samsung Galaxy S21+ 5G 256GB 24 777.0
    Samsung Galaxy S21 Ultra 5G 128GB 24 961.8
    Samsung Galaxy S21 Ultra 5G 256GB 24 998.9
    Samsung Galaxy S21 Ultra 5G 512GB 24 1091.4

    • This offer is applicable on installment on 24 months contract only.
    • In the event that the customer cancel / terminate the financing within 12 months from the date of execution of the contract, (Quara Finance) has the right to claim the cashback amount added to the customer’s account and is payable in addition to the full amount of proceeds before closing the financing.
    • This offer is available in the following stc branches:

      - Riyadh (As Suwaidi, Sharq, Al Hamra, King Fahd Road)
      - Jeddah (Prince Sultan Road, Al Safa)
      - (Ash Shawqiyyah)
      - (Almajdouie, Ash Shati)
      - Medina (Rawabi Qibaa)
      - Jazan Jazan Corniche (Main)
      - Khamis Mushait (Khamis Avenue)
      - Al-Ahsa (Ain Al Najm)

    • This offer is available for citizens and residents who meet the terms of the financing program.
    • Quara Finance Company reserves the right to suspend, cancel or amend any of these conditions at any time before or during the offer period.
    • " Quara Finance " will not be responsible for any loss of any kind that the customer may suffer, which may be related to this offer.
    • " Quara Finance " will not be responsible for any claims under this offer.
    • These special terms and conditions and their amendments from time to time are subject to the laws of the Kingdom of Saudi Arabia and are subject to the exclusive jurisdiction of its courts.