Frequently Asked Questions
The answers to your questions
About Quara
What is Quara Finance?
Quara was established in 2009 as a company and then transformed in the first quarter of 2013 into a joint stock company with a capital of (100,000,000) one hundred million Saudi riyals, then the money was restored in the third quarter of 2017 (300,000,000) Three hundred million Saudi riyals.
Do you have a license?
Yes, Quara Finance is regulated by the Saudi Central Bank under license No. 45/ أ ش / 201605
https://www.sama.gov.sa/en-US/LicenseEntities/Pages/FinanceLicencedEntities.aspx
What is the way to communicate with you?
Call
8001188999 toll-free
X app
@quarafinance
E-mail
CustomerCare@QuaraFinance.com
What types of financing does Quara Finance offer?
How do I apply for “Cash loan” financing?
You can apply by downloading the app:
How do I apply for “invoice loan” financing?
By visiting one of our partners’ branches and submitting your application there directly.
Is financing available for private sector employees?
Yes, financing is available for private sector employees. Terms and conditions apply.
General Inquiries
What is the way to communicate with you?
Call
8001188999 toll free
X app
@quarafinance
E-mail
CustomerCare@QuaraFinance.com
Is your financing Islamic?
The financing is in conformity with the provisions of Islamic law using the Murabaha method.
What types of financing does Quara Finance offer?
Is financing available for private sector employees?
Yes, financing is available for private sector employees. Terms and conditions apply.
Do you subscribe to SIMAH?
Yes, we check and update SIMAH.
What are the working hours?
Branch working hours: from Sunday to Thursday, from 8 am until 5 pm.
How many branches do you have?
Quara Finance has only one office located in Riyadh, Al Wazarat District, King Abdulaziz Road.
Payment Methods
What types of financing does Quara Finance offer?
How do I apply for “Cash loan” financing?
You can apply by downloading the app:
Is it possible to obtain additional financing?
Yes, you simply have to prove there is an extra income source or guarantee. Consideration of approval is given 60 days after submitting the first application.
Is there a discount for early payment?
Yes, according to the followed policies and procedures, terms and conditions apply.
Does faltering with other companies affect your financing?
Yes, it affects.
Does the failure of the sponsor affect obtaining financing?
Yes, it might affect.
Personal Loan
Is your financing Islamic?
The financing is in conformity with the provisions of Islamic law using the Murabaha method.
How do I apply for “Cash loan” financing?
You can apply by downloading the app:
Is finance available for retirees?
Yes, available.
Is it possible to obtain additional financing?
Yes, you simply have to prove there is an extra income source or guarantee. Consideration of approval is given 60 days after submitting the first application.
Is financing available for private sector employees?
Yes, financing is available for private sector employees. Terms and conditions apply.
Is there a discount for early payment?
Yes, according to the followed policies and procedures, terms and conditions apply.
Are there administration fees?
Yes: 1% of the amount of funding
Purchase Financing
Does the financing comply with the provisions of Islamic law?
The financing complies with the provisions of Islamic law, using Murabaha.
How do I apply for “invoice loan” financing?
By visiting one of our partners’ branches and submitting your application there directly.
Is financing available for private sector employees?
Yes, financing is available for private sector employees. Terms and conditions apply.
Is there a discount for early payment?
Yes, according to the followed policies and procedures, terms and conditions apply.
What is the way to communicate with you?
Call
8001188999 toll free
X app
@quarafinance
E-mail
CustomerCare@QuaraFinance.com