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What is the Online Installment service?

 

It is a service that enables NBE’s credit cardholders to make all their NBE e-payments by installments via merchants registered in Al Ahly E-Shopping service. Installment plans range from 6 to 36 months.

How to get this service?

 

The customer accesses the website of the relevant NBE merchant and purchases the product/service. Options to pay for the product/service in a lump sum or by installments without charging interests to NBE’s credit cardholder will be displayed on the merchant’s website according to the features and pricing of such product/service. Upon selecting to pay for the product/service by installments, the first installment is debited on the 26th of the month following the month of purchase. The value of the product/service is paid by installments according to the installment plan requested by the customer upon making the purchase. An installment fee is charged to the merchant as per the installment period chosen by the customer.

What are the benefits of this service?

 

-                      Purchases can be paid by installments free of interest over a period of 6 or 12 months according to each individual agreement via the merchant’s website, just like points of sale (POS) at NBE’s merchants;

-                      The total amount due for purchases made during the grace period shall not be claimed from the customer, instead payment is made by installments according to the installment plan chosen by the customer. The first installment is debited on the 26th of the month following the month of purchase and payment becomes due no later than the 25th of the month following the date of debiting the value of such installment;

-                      Only 5% of the amount payable by the customer, including the amount of the monthly installment, may be repaid and the then applicable debit interest rate for credit cards is charged for the installment value and the amount payable by the customer, not the total amount of purchases to be paid by installments; and

-                      Products and services can be paid for by installments free of interest according to the relevant agreement without having to go in person to the shops of such merchants.

 

How to find out which merchants are registered in the Online Installment service?

 

You can find out all the websites of merchants registered in this service by visiting www.nbe.com.eg and choosing “Al Ahly E-Shopping” for all information on the service.

 

How can merchants activate the Online Installment service?

 

A merchant can contact NBE to register for this service by entering into an Al Ahly E-Shopping agreement to add the online installment feature to the merchant’s website in coordination with NBE’s E-Commerce Department.

 

 

-                      For more information, kindly contact us at:

Telephone: +202 25945000

IP: 11788/10557/11786/11784/11783/11791/12463/11719

Email: ebanking@nbe.com.eg

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