meem’s personal finance is created to be simple, transparent and suitable to our customer’s needs.

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For Existing Customers

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For New Customers

Features

Digital application journey

Financing amount up to SAR 1,500,000.

Financing period up to 60 months

Shariah Compliant

Competitive rates across all segments

Buyout (debt transfer) option available

Asset 1 Asset 3

Customer Eligibility and Conditions:

Personal Finance (PF)

Product

Expatriates

Saudi

Nationality

Salary assignment mandatory

Salary Credited in meem by GI

Yes

OnePack a/c held

Government & semi-gov:18
Employer Class: A, B & C: 18
Employer Class D: 21
Retired: 40

Minimum age at commencement (Years-G)

Government & Semi-Gov: 58
Employer Class A, B, C & D: 60
Retired: 70

Maximum Age at maturity (Years-G)

Government & Semi-government: SAR 5,000
Employer Class A & B: SAR 5,000
Employer Class C: SAR 4,000
Retired: SAR 5,000

Government & Semi-government: SAR 4,000
Employer Class A, B & C: SAR 4,000
Employer Class D: SAR 7,500
Retired: SAR 1,900

Minimum salary (SAR)

Government: 1 Month
Semi-Government & Employer Class A: 3 Months
Employer Class B & C: 6 Months
Employer Class D: 12 Months
Retired: 1 Month

Minimum current employment period

2,000

Minimum Finance Amount (SAR)

1,500,000

Maximum Finance Amount (SAR)

36 Months

60 Months

Maximum tenor for loans (months)

Covers 100 % from the Personal Finance

N/A

End of service

Debt Burden Ratio (DBR)

0.333

Employed

N/A

0.25

Retired

No minimum existing SIMAH history

Minimum existing SIMAH history

Charges

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.

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 APR may vary according to the amount, maturity period and credit score of each customer.