Product

Personal Finance (PF)

Nationality

Saudi

Expatriates

Salary Credit in meem by GIB

Salary assignment mandatory

OnePack a/c held

Yes

Minimum age at commencement (Years-G)

18

Maximum Age at maturity (Years-G)

65

Employer classification

A B C

Minimum salary (SAR)

Employer classes A&B: 5,000

Employer class C: 4,000

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

2 Years

End of service

N/A

EOS cover 100 % from the PF loan

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

Employer class A:500,000
Employer class B: 200,000
Employer class C:150,000

Maximum tenor for loans (months)

60

36

Debt Burden Ratio (DBR)

Employed

0.3333

Retired

0.25

NO

Documentation required: Employment Certificate, Salary Assignment Letter with

End of Service Commitment, No Objection Certificate and Commitment Letter (in case of buyout), 3 Months Bank Account Statement, National Address, Work ID or military ID (if applicable), Pay slips (if applicable), and GOSI (if applicable).