meem Personal Finance

Let's Get Personal. Simple, transparent, and easy personal finance is designed just for you. Finance your life with meem, and say goodbye to confusing terms and hidden fees. Get it all by tapping your mobile.

meem Personal Finance

Switch on to meem Personal Finance. Personal finance is easy with meem. Simply apply and get your financing via your mobile, its never been easier.

PF AR Website

Features

meem personal finance is created to be simple, transparent and suitable to our customers' needs.

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Customer Eligibility
and Other Conditions

  Saudi Expatriates
Salary Credited in meem by GIB

Salary assignment is required
No-Salary Tansfer (NST) is also available

Salary assignment mandatory

OnePack a/c held

Yes

Yes

Minimum age at commencement (Years-G)

Starting: 18
Retired: 40

Starting from:18

Maximum Age at Maturity (Years-G)

Starting from: 58
Retired: 70

Starting from:58

Minimum salary (SAR)

Starting from: SAR 4,000
Retired: SAR 1,900

Starting from: SAR 5,000

Minimum current employment period

Starting from: 1 month
Retired: 1 month

Starting from: 3 months

Minimum Finance Amount (SAR)

2,000

2,000

Maximum Finance Amount (SAR)

1,500,000

1,500,000

Maximum tenor for loans (months)

Months 60

Months 60

End of service

N/A

Covers 100 % from the Personal Finance

Debt Burden Ratio (DBR)
Employed

0.333

0.333

Retired

0.25

N/A

Minimum existing SIMAH history

No minimum existing SIMAH history

No minimum existing SIMAH history

Schedule of Fees &
Charges

Personal Finance (PF) Charges

Processing Fees for Personal Finance

1.15% of the finance amount or 5000 SAR, whichever is less

Service charge in case delivering commodity

SAR 2,000 (excluding VAT)

Late payment fees *

SAR 250 (excluding VAT)

Example of Murabha
financing:

Management fees

Monthly installment amount

Annual Percentage Rate

Maturity in years

Finance amount

500 SAR

900 SAR

3.58%

5 Years

50,000 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.

Personal Finance
Calculator

SAR

Monthly Income

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.

Calculate

Start over

Finance

Amount

SAR - - -

Monthly

Payment

SAR - - -

Total

Amount

SAR - - -

Download the app to get started

+966

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