An installment contract is a multi-year commitment. A few minutes of scrutiny before signing can save you serious money and stress. Watch for these seven red flags.
1. A total that's far above the cash price
Compare the sum of all installments to the cash price. A large gap is the real cost of the plan — make sure it's worth it.
2. Vague or shifting due dates
Dates tied to undefined “milestones” can move unexpectedly. Insist on a clear, written schedule.
3. Hidden maintenance or delivery fees
Especially in property, extra fees often hide outside the headline price. Get every charge listed.
4. Heavy penalties for late payment
Understand exactly what happens if you're late — and whether there's a grace period.
5. No clear payoff or early-settlement terms
Check whether you can settle early, and at what cost. Some contracts penalise paying off faster.
6. Missing documentation of payments
Make sure you'll get a receipt for every payment. Without proof, disputes are hard to win.
7. Pressure to sign quickly
Urgency is a classic tactic. A legitimate plan survives a careful read.
How Wajib AI helps
Once you've signed a solid contract, track it in Wajib AI — log each installment, store receipts, and never miss a date that could trigger a penalty.