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Quara Finance review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Quara Finance suits private sector employees and retirees in Saudi Arabia who want a personal loan from a direct lender, and borrowing is capped at up to SAR 50,000 with early repayment free. Approved money is released Within 24 hours on working days, though the rate is the cost to weigh.

Key facts

Best for
A fixed-rate personal loan of up to SAR 50,000 with free early repayment for private sector staff in Saudi Arabia.
APR
37.17% to 40.04%↗
Loan amount
up to SAR 50,000↗
Term
up to 60 months↗
Arrangement fee
1% of the amount of funding, management fees incl. VAT collected in advance (SAR 575 on SAR 50,000)↗
Credit check
Hard↗
Funding time
Within 24 hours on working days↗
Representative example
Naqdi personal finance: SAR 50,000 financed, SAR 575 management fees incl. VAT, 5 years maturity, APR 37.17, monthly installment SAR 1,668.71↗
Rate type
Fixed↗
Lender type
Direct lender↗
Free early repayment
Yes↗
Eligibility
Saudi and expatriate residents in KSA; private sector employees and retirees eligible, terms and conditions apply↗
Origination fee (%)
1%↗
Loan types
Personal, BNPL↗
Legal entity
Quara Finance Company (Saudi public joint stock company, CR 1010262141)↗
Headquarters
Saudi Arabia↗
Founded
2009↗
Support channels
Email, Phone, Help-centre↗
Pricing model
Fixed rate
Official website
quarafinance.com

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInX

Pros and cons

Pros

  • As a direct lender, Quara Finance carries the loan itself, so you deal with one counterparty from application to final repayment.
  • Loans are priced at a fixed rate, so the agreed repayment holds instead of moving with the market.
  • Early repayment is free, so clearing the balance ahead of schedule costs nothing extra.
  • Support runs on email, phone and help centre, so help is a call, an email or the help centre away.

Cons

  • The cost of borrowing is the trade-off: 37.17% to 40.04%, on top of an arrangement fee of 1% of the amount funded, collected in advance.
  • The credit check is hard, so applying puts your credit file at risk even if the loan is not taken.
  • The range is limited to personal and bnpl products, so a mortgage, a car loan or business finance sits elsewhere.
Quara Finance

Ready to try Quara Finance?

Scored 9.1 / 10 by SumCue.

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Who it suits

  • Private sector employees in Saudi Arabia with a steady monthly salary who are funding a planned purchase.
  • Retirees in the Kingdom who want a fixed monthly cost and can settle the balance early without a charge.
  • Expatriate residents in Saudi Arabia who meet the eligibility terms and can carry a hard credit check.

Who should look elsewhere

  • Anyone in Spain who wants a cheaper rate should look at Sofkredit, quoted at 10.74% to 18.06%.
  • Borrowers who need larger sums in euros can compare Creduma ES, whose lending starts at from €12,000.
  • Readers after the lowest rates on the site may prefer Cashspace, quoted at PHP 12 to PHP 36.

Safety of your money

Quara Finance is a direct lender, so the borrower signs one agreement with the company that carries the risk, not a broker placing the loan with someone else. The company is licensed by the Central Bank of Saudi Arabia under 45/Ash/201605. The representative Naqdi example shows the whole amount paid out with management fees collected in advance, then repaid in equal monthly instalments.

How Quara Finance compares

Where Quara Finance is available

Available
Saudi Arabia
Licence in Saudi Arabia
Central Bank of Saudi Arabia (SAMA) (45/Ash/201605), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a Quara Finance personal loan cost?+

The advertised range is 37.17% to 40.04% and the loan is fixed. An arrangement fee of 1% of the amount funded is collected in advance, together with management fees including VAT. The Naqdi representative example shows up to SAR 50,000 financed with those fees taken up front and repayments spread over the full term.

How much can I borrow, and for how long?+

Loans reach up to SAR 50,000 and terms run to up to 60. Quara Finance is a direct lender, so the amount and term on offer come from the company itself rather than a broker matching you to a panel of lenders. The product range is personal and bnpl loans for personal and instalment use.

Is Quara Finance properly regulated in Saudi Arabia?+

Yes. Quara Finance Company is a Saudi public joint stock company and is licensed by the Central Bank of Saudi Arabia, listed as 45/Ash/201605. Because the company is a direct lender, the contract, the credit decision and the repayments all sit with the licensed firm, not a middleman.

Who can apply for a loan?+

You need to be based in Saudi Arabia, and the book covers private sector staff as well as retirees, with the company's own terms and conditions deciding the rest. It has operated since 2009. The assessment runs a hard credit check, so a thin file can stop an application before a rate is put forward.

Can I repay the loan early without a charge?+

Yes, early repayment is free, so a bonus or a lump sum can clear the balance without a fee. Loans are fixed rate, so the price you agreed does not move, and paying early simply reduces the interest left to run. Approval still depends on the hard credit check.

How quickly is approved money paid out?+

Approved loans are released Within 24 hours on working days. Quara Finance is based in Saudi Arabia and lends personal and bnpl products, so the assessment, the payout and any later question all sit inside one local market rather than with an overseas intermediary.

How can I reach Quara Finance for help?+

Support runs on email, phone and help centre, so a call, an email or the help centre all reach the company. Since Quara Finance is a direct lender, the team that handles the application is the team that holds the loan, and there is no broker layer to pass a question to.

Sources

  • quarafinance.com checked September 26, 2026

    Backs: Loan types

    “PERSONAL FINANCING ... ONLINE CHECKOUT FINANCING - Quick and easy financing at online checkout”

  • quarafinance.com/ar/naqdi checked September 26, 2026

    Backs: Term

  • quarafinance.com/en/about-us checked September 26, 2026

    Backs: Founded, Headquarters

    “Founded in 2009 as an LLC, Quara Finance became a closed shareholding company in 2013”

  • quarafinance.com/en/faqs checked September 26, 2026

    Backs: Credit check, Eligibility, Free early repayment, Support channels

    “Do you subscribe to SIMAH? Yes, we check and update SIMAH.”

  • quarafinance.com/en/naqdi checked September 26, 2026

    Backs: Loan amount, APR, Funding time, Pricing model, Arrangement fee, Origination fee (%), Rate type, Representative example

    “Get up to SAR 50,000 from Quara Finance with fast approval and a flexible repayment schedule”

  • quarafinance.com/en/terms-conditions checked September 26, 2026

    Backs: Legal entity, Lender type

    “Both are owned by Quara Finance a Saudi public joint stock company ... The company is registered under (1010262141)”

  • sama.gov.sa/en-US/LicenseEntities/Pages/FinanceLicencedEn... checked September 26, 2026

    Backs: Licences

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

Quara Finance

Quara Finance

A fixed-rate personal loan of up to SAR 50,000 with free early repayment for private sector staff in Saudi Arabia.

9.1/10See alternatives