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Installment Service

Installment service is available in our stores only.

What is the service:

The installment service is a service provided by Virgin Megastore in collaboration with Tasheel Financing, that allows customers to purchase products and pay for them with easy installment plans.

Why installment?

  • No down payment.
  • Instant approval
  • Financing up to Six times the salary
  • Payment period up to 36 months.
  • No guarantor is required.
  • Shariah-compliant financing.

Required Documents:

  • Valid ID.
  • Salary certificate.
  • 3 months bank statement.
  • GOSI.
  • National Address
  • My Numbers
Terms & conditions:
  • The installment service is provided by Tasheel Financing, and they reserve the right to approve/reject any application based on the customer’s eligibility and their terms and conditions.
  • The installment service is valid on invoices starting from SR 4000 up to Six times the salary
  • Customer cannot buy gift cards, or vouchers using the installment service.
  • Items bought with installment cannot be returned with cash. In case customer wants to return/exchange, please refer to Virgin Megastore’s return and exchange policy.
  • Customer cannot combine two payment methods when using installment
  • The installment tenures are 12 – 18 – 24 – 30 – 36 months. The customer has the right to choose any of the above only if it does not conflict with the installment company terms and conditions
FAQs:
  • Q: What is the minimum, and the maximum amounts for installment transactions?
    A: Minimum is SR 4000 and up to six times the salary.
  • Q: How long does the approval process take?
    A: The approval process takes 15 – 30 minutes if all required documents are provided
  • Q: Is there any required action in case customer’s application for installment is rejected from the installment company’s agent?
    A: Acceptance, and Rejections are the responsibility of the Installment Company, and Virgin Megastore has no influence over it.
  • Q: Does Virgin Megastore Return and Exchange policies apply on the installment transactions?
    A: Yes. Virgin Megastore’s Return and Exchange policies applies on all installment transactions
  • Q: Can the customer return products bought through installment in exchange for “CASH”?
    A: No. Products bought through installment will not be returned for cash. In case customer wants to return or exchange, Virgin Megastore Return and Exchange Policies are applied.
  • Q: In which showrooms the installment service is available?
    A: Installment service is available in all Virgin Megastore showrooms