Personal Finance

meem’s Personal Finance is created to be simple, transparent, and suitable to our customers’ needs. Our financing is 100% Shariah compliant and can easily be applied for by all nationalities through our digital banking channels.
With meem Personal Finance, we offer competitive profit rates, equal monthly installments at a fixed rate and flexible payment plans giving our customers more for less.
With meem you can access your Personal Finance information at any time through the mobile banking app to track payments as required.

Personal Finance (PF)


Administrative Fees

1%+VAT of the financing amount capped at BD105.

Cost of Commodity Delivery (when opting for Commodity Delivery)

BHD 210

Postponment of installment fee

  • if offered by the Bank,BHD 0 (free)
  • if requested by the customer, BHD 10.5 per postponement

Early Repayment Fees

1% of the outstanding credit facility amount or BHD 10.5 whichever is lower

Late Payment Charges *

BHD 15.75

Insurance Cost

BHD 0 (free)

Outstanding Balance / Release Letter

BHD 0 (free)

* 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.

Personal Finance Features:

Free insurance coverage, In case of death or permanent total medical disability, god forbid, all outstanding amounts will be considered paid

Top-up loans will be available after completing the first year of installments or 20% of the finance amount

Installment periods from 12 months 84 months

Within 48-hour financing disbursement if customer documentation is complete

Competitive Annual Percentage Rates

Automated and quick processing with low processing fees to ensure fast disbursement of personal finance

Personal Finance insurance is borne by the Bank

Financing from BD 1,000 to BD 150,000 available

Customer Eligibility and Conditions:

  • Available to all nationalities between the ages of 21-65
  • Available to pensioners with SIO
  • Salary or pension must be assigned to meem by Gulf International Bank
  • Minimum salary BD 500
  • Applicants must open a meem OnePack account
  • Applicants must work for an approved Employer as per the risk criteria outlined by meem by Gulf International Bank