You can convert your purchases using meem credit card into equal monthly installments through meem app within 10 days of the purchase day.
Last update on 19/03/2024
You can convert your purchases using meem credit card into equal monthly installments through meem app within 10 days of the purchase day.
1,000 SAR or its equivalent in other currencies.
Yes, as long as the purchase amount is equivalent to SAR 1,000 or more.
Yes, as long as the purchase amount is equivalent to SAR 1,000 or more.
There is no limit on the number of transactions, as long as it is within the credit limit provided.
Available program tenures are 3, 6, 9,12,18 and 24 months and cannot be changed after submitting the application.
The table below illustrates how meem As’hal works with the monthly profit rates for each plan for a purchase of SAR 1,500:
Tenure
3 months
6 months
9 months
12 months
18 months
24 months
Profit Rate (per month)
0%
0.25%
0.50%
0.75%
1.50%
1.75%
Monthly Installment
500
257.08
176.39
137.92
106.94
89.58
You can convert the transaction through meem app within 10 days of the purchase day.
meem As’hal Plan’s remaining amounts (including not paid or partially paid) installment would be converted to a normal purchase (including profit and fees) in the next billing cycle.
GIB-Saudi Arabia, Commercial registration No. (2052001920) Unified No: (7001399042), licensed by the Saudi Central Bank under number 2007, and operating under the Saudi Central Bank’s control and supervision, unit number 54 – Al Khobar 34721 – 8208 Kingdom of Saudi Arabia.
Local Tel.: 8001166336, International Tel.: +966920026336
