meem‘s Buyout (debt transfer) product is created to be simple, transparent and suitable to our customers’ needs. We simply review your current debt, consolidate it and offer you the most competitive profit rate if you transfer it to us! Get more for less with meem.

Apply Now

For New Customers

Apply Now

For Existing Customers


Shariah compliant

100% digital product

e-Promissory and e-Signature validation available

Competitive profit rates

Automated and quick process to ensure fast disbursement of finance

Financing up to SAR 1.5M

Flexible repayment period up to 60 months

APR starting from 2.08%

Customer Eligibility and Conditions:





Salary Credit in meem by GIB

Salary assignment mandatory

OnePack a/c held


Minimum age at commencement (Years-G)


Maximum Age at maturity (Years-G)


Employer classification


Minimum salary (SAR)

Employer classes A&B: 5,000

Employer class C: 4,000

Whitelist employer

Not Necessarily

Minimum current employment period (Govt sector)

1 Month

Minimum current employment period (Private sector)

Employer classes A, B&C: 6 months

End of service


Minimum existing SIMAH history

No minimum existing SIMAH history

Minimum credit limit (SAR)– not including non-white list

Employer class A: 2,500,000
Employer class B: 2,000,000
Employer class C: 1,500,000

Maximum tenor for loans (months)


Debt Burden Ratio (DBR)





Documentation required:

  • Recent no-objection letter of no less than 10 days to transfer the finance (including finance amount and other bank's IBAN number).
  • Salary letter
  • 3-month statement on the bank's letterhead including last 3 salaries
  • Payslips of the last 3 months


Personal Finance (PF)

of finance amount with 1.15% a maximum Fees for SAR 5,759

Processing Fees for Personal Finance

SAR 2,300

Service charge in case delivering commodity

SAR 287.50

Late payment fees *

* 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.


meem Buyout (debt transfer) facility, offers customers the opportunity to transfer their existing financial debts to meem as a better rate than their current bank

Yes, all meem products are 100% Shariah compliant. meem buyout (debt transfer) product is based on the principles of Murabaha, for more information call 8001166336

No, our aim is to make your life easier. With meem, you can apply and receive your finance digitally through our app

Yes. For more information, please call 8001166336

We offer 24-hour disbursement if all customer documentation is submitted and complete, and the customer has transferred their salary to meem

Employer classes A&B: SAR 5,000

Employer class C: SAR 4,000

Please visit our finance calculator page to calculate your finance amount

  • A no-objection letter dated no less than 10 days from the date of your application agreeing to transfer your existing finance amount to meem. The letter must also include the existing bank’s IBAN number.
  • Salary letter
  • 3-months’ validated account statement on your current bank’s letterhead including your last 3 salaries
  • Salary payslips of the last 3 months