meem Lite is a short-term personal finance solution for everyday needs, with instant approval and flexible repayments of up to 36 months.
meem Lite is built to make financing more accessible, with a smooth digital experience, quick approvals, and flexible repayment options designed around your everyday needs.
Smart features designed for faster, simpler financing.
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A seamless digital journey with instant approvals and financing deposited within 24 hours.
Apply for financing easily without needing to transfer your salary to meem.
A simplified, paperless experience designed for faster access and less hassle.
Enjoy flexible repayment periods of up to 36 months.
Financing solutions designed in line with Shariah principles.
| Saudi | Expatriates | |
|---|---|---|
| Salary Credited in meem by GIB | 
Salary assignment is not required |
Salary assignment is not required |
|
OnePack account required |
Yes |
Yes |
| Minimum age at commencement (Years-G) |
Starting: 18 |
Starting from:25 |
| Maximum Age at Maturity (Years-G) |
Up to 60 years |
Up to 60 years |
| Minimum salary (SAR) |
Starting from: SAR 3,500 |
Starting from: SAR 5,000 |
| Minimum current employment period |
Starting from: 3 months |
Starting from: 6 months |
| Minimum Finance Amount (SAR) |
2,000 |
2,000 |
| Maximum Finance Amount (SAR) |
50,000 |
25,000 |
| Maximum tenor for loans (months) |
36 |
24 |
| meem Lite | Charges |
|---|---|
|
Processing Fees for meem Lite |
0.5% of the finance amount, capped at SAR 2,500 (excluding vat) |
|
Service charge in case delivering commodity |
SAR 2,000 (excluding VAT) |
Management fees with VAT
Monthly installment amount
Annual Percentage Rate
Maturity in months
Finance amount
SAR 126.5
SAR 1,283.34
49.09%
24 months
22,000 SAR
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.
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meem Lite is a short-term personal finance solution for everyday needs, with instant approval and flexible repayments of up to 36 months.
meem Lite offers smaller financing amounts, a simpler journey, and shorter repayment periods.
Yes, all meem products are 100% Shariah compliant. meem Lite is based on the principles of Murabaha.
Saudi and expatriate customers working in the government, semi government , or private sectors are eligible to apply.
Yes, salary transfer is not required.
Financing can be disbursed within one business day, subject to information completion and customer acceptance of the offer.
No documents are typically required. The journey is fully digital unless additional verification is requested by service providers.
Yes, early settlement is available in line with the Saudi Central Bank regulations and the financing agreeement terms.
No, a guarantor is not required.
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 is operating under the Saudi Central Bank's control and supervision.
