Last update on 11/5/2024
| Credit Card | Charges |
|---|---|
Annual fee primary card |
SAR 350*
Free for life till 31 March 2025 |
|
Annual fee supplementary card |
SAR 50 |
|
Late payment fees |
SAR 100** |
|
Credit card re-issue |
SAR 30 |
|
Cash advance fees: |
|
|
For cash advance up to SAR 5,000 |
SAR 75 |
|
For cash advance greater than SR 5,000 |
3% from the transaction amount capped at SAR 300 |
|
Credit card dispute fee (if wrong dispute) |
SAR 50 |
|
Account of Balance enquiry on ATM |
Free |
|
|
2.5% |
*meem Digital Banking has the right to cancel the Credit Card if not been activated within 90 days.
** The collected late payment fees are paid on your behalf for charity activities as per the guidelines and supervision of the Shari’ah Supervisory Board.
Fees and charges are excluded the VAT.
Terms and conditions apply.
Annual Percentage Rate (APR)
Monthly Profit Rate
Minimum repayment Amount
Months until Balance Repaid
48.92%
2.85%
5%
98 months
**If a customer only makes minimum payments on an initial outstanding principal balance of SAR 10,000/with a term of 12 months of the total limit drawn out on the 1st of January of every Gregorian year - it will take the customer 9 years to repay in full of a Total profit margin of SAR 10.323/- assuming there is no annual fee and no charges, like late payment fee and no further spending and considering Annual profit margin at the rate of 34.2%
* Sum of total limit of your credit cards
** All installments other than home finance
CalculateStart over
Profit
Rate
Annual
Charge
Tenor
Minimum
Monthly Amount Due
Credit Limit
Credit Card Annual
Percentage Rate (APR)
- Credit Card APR is based on rough estimate.
- If there is no annual fee associated to your Credit Card the APR will be furthered reduced.
- This calculation is subject to change depending on the influencing factors such as consumer’s credit records.
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| Credit Card | Charges |
|---|---|
|
Annual fee primary card |
SAR 500*
Free for life till 31 March 2025 |
|
Annual fee supplementary card |
SAR 100 |
|
Late payment fees |
SAR 100** |
|
Credit card re-issue |
SAR 30 |
|
Cash advance fees: |
|
|
For cash advance up to SAR 5,000 |
SAR 75 |
|
For cash advance greater than SR 5,000 |
3% of the transaction amount and subject of a maximum of SAR 300 |
|
Credit card dispute fee (if wrong dispute) |
SAR 50 |
|
Account of Balance enquiry on ATM |
Free |
|
FX rate |
2.5% |
*meem Digital Banking has the right to cancel the Credit Card if not been activated within 90 days.
** The collected late payment fees are paid on your behalf for charity activities as per the guidelines and supervision of the Shari’ah Supervisory Board.
Fees and charges are excluding VAT.
Terms and conditions apply.
Annual Percentage Rate (APR)
Monthly Profit Rate
Minimum repayment Amount
Months until Balance Repaid
46.44%
2.5%
5%
87 Months
**If a customer only makes minimum payments on an initial outstanding principal balance of SAR 10,000/with a term of 12 months of the total limit drawn out on 1st January of every Gregorian year- it will take the customer 8 years to repay in full of a Total profit margin of SAR 7,948/- assuming there is no annual fee and no charges, like late payment fee and no further spending and considering Annual profit margin at the rate of 30%
* Sum of total limit of your credit cards
** All installments other than home finance
CalculateStart over
Profit
Rate
Annual
Charge
Tenor
Minimum
Monthly Amount Due
Credit Limit
Credit Card Annual
Percentage Rate (APR)
- Credit Card APR is based on rough estimate.
- If there is no annual fee associated to your Credit Card the APR will be furthered reduced.
- This calculation is subject to change depending on the influencing factors such as consumer’s credit records.
Apply Now
| Credit Card | Charges |
|---|---|
|
Annual fee primary card |
SAR 750*
Free for life till 31 March 2025 |
|
Annual fee supplementary card |
SAR 150 |
|
Late payment fees |
SAR 100** |
|
Credit card re-issue |
SAR 300 |
|
Cash advance fees: |
|
|
For cash advance up to SAR 5,000 |
SAR 75 |
|
For cash advance greater than SR 5,000 |
3% of the transaction amount and subject of a maximum of SAR 300 |
|
Credit card dispute fee (if wrong dispute) |
SAR 50 |
|
Account of Balance enquiry on ATM |
Free |
|
FX rate |
2.5% |
*meem Digital Banking has the right to cancel the Credit Card if not been activated within 90 days.
** The collected late payment fees are paid on your behalf for charity activities as per the guidelines and supervision of the Shari’ah Supervisory Board.
Fees and charges are excluded the VAT.
Terms and conditions apply.
Annual Percentage Rate (APR)
Monthly Profit Rate
Minimum repayment Amount
Months until Balance Repaid
51.96%
2.5%
5%
87 months
**If a customer only makes minimum payments on an initial outstanding principal balance of SAR 10,000/with a term of 12 months of the total limit drawn out on the 1st of January of every Gregorian year - it will take the customer 8 years to repay in full of a Total profit margin of SAR 7,948/- assuming there is no annual fee and no charges, like late payment fee and no further spending and considering Annual profit margin at the rate of 30%
* Sum of total limit of your credit cards
** All installments other than home finance
CalculateStart over
Profit
Rate
Annual
Charge
Tenor
Minimum
Monthly Amount Due
Credit Limit
Credit Card Annual
Percentage Rate (APR)
- Credit Card APR is based on rough estimate.
- If there is no annual fee associated to your Credit Card the APR will be furthered reduced.
- This calculation is subject to change depending on the influencing factors such as consumer’s credit records.
Apply Now| Personal Finance (PF) | Charges |
|---|---|
|
Processing Fees for Personal Finance |
1% of the finance amount or 5000 SAR, whichever is less (excluding VAT) |
|
Service charge in case delivering commodity |
SAR 2,000 (excluding VAT) |
|
Late payment fees * |
SAR 250 (excluding VAT) |
* The collected late payment fees are paid on your behalf for charity activities as per the guidelines and supervision of the Shari’ah Supervisory Board.
Management fees incl VAT
Monthly instalment amount
Annual percentage rate
Maturity in months
Finance amount
SAR 1150
SAR 1958.33
7.30%
60 months
100,000
The above table is an example and the Annual Percentage Rate (APR) may vary according to the amount, maturity period and credit score of each customer.
Note: This calculation is approximate and not final
There is no hidden cost or surprises. With our real time calculator you can know all you need about the plan you have chosen.
CalculateStart over
Finance
Amount
Monthly
Payment
Total
Amount
Percentage Rate (APR)
Note: This calculation is approximate and not final
There is no hidden cost or surprises. With our real time calculator you can know all you need about the plan you have chosen.
CalculateStart over
Finance
Amount
Monthly
Payment
Total
Amount
Percentage Rate (APR)
Management fees with VAT
Monthly instalment amount
Annual percentage rate
Maturity in months
Finance amount
4,335.5
8482.5
13.93%
60 months
377,000
Note: This calculation is approximate and not final
There is no hidden cost or surprises. With our real time calculator you can know all you need about the plan you have chosen.
CalculateStart over
Finance
Amount
Monthly
Payment
Total
Amount
Percentage Rate (APR)
Management fees with VAT
Monthly instalment amount
Annual percentage rate
Maturity in months
Finance amount
4692
8330
9.21%
60 months
408,000
| Home Finance | Charges |
|---|---|
|
Property evaluation & management fees |
1% with a cap of SAR 5,000 maximum |
|
Late payment fees |
SAR 250 |
Property Market Value (SAR)
Loan to value Ratio
Fixed or Variable Rate
Annual Percentage Rate (APR)
Maturity in Years
Payment Type
Monthly Repayment Amount* (SAR)
Early Payment Charges
500,000
90%
Fixed
6.78%
25 Years
Principal and Profit
3,018.75
Profit of future 3 installments
*Annual Percentage Rate & Monthly repayment amount may differ depending on the amount and the maturity period and the prevailing bank rate
Finance
Amount
Monthly
Payment
Total
Amount
With Profit
Fees
(excl. valuation cost)
Annual
Percentage
Murabaha Deposit
Charges
Early withdrawn charges exceeding 20%
100% of the profit amount will be forfeited from the withdrawn amount
In case of receiving commodity's order
SAR 2,300
Early liquidation charges
Profit amount Forfeited
Minimum Deposit Amount
Deposit tenor
Equivalent annual rate
Number of withdrawals in the first year
Number of withdrawals in the second year
Total Profit
1,000.00
one month
5.14%
Once
Not applicable
SAR 4.28
1,000.00
three months
5.50%
Once
Not applicable
SAR 13.75
1,000.00
one year
5.47%
Once
Not applicable
SAR 54.7
*Given that the deposit is limited to a period of ( three months only )
** As per the bank’s policy, there is no maximum amount for the deposit
** Refer to the fees and charges file
Gulf International Bank - Saudi Arabia, a Saudi Closed Joint Stock company with a capital of SAR (7,500,000,000), Commercial Registration No. (2052001920), Unified Number (7001399042), P.O. Box 93, Al Khobar 31952, Kingdom of Saudi Arabia, Telephone +966 13 866 4000, National Address: 5515 Cooperative Council Road - Al Khuzama Area, Unit No. 54, Al Khobar 34721-8208, Website: https://www.gib.com/ksa/en, Licensed with number: (2007) and it is under the supervision and control of The Saudi Central Bank.
Credit cards
Personal Finance
