Buyout

Our debt transfer product is built to fit your needs. Quick, simple and transparent, with an easy online application process you can get more for less with meem.

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.

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Features

meem Bank Buyout (debt transfer) this product has been 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!

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Customer Eligibility and Conditions

Personal Finance
Calculator

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Monthly Salary

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Total Monthly Installments on Existing Loans

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Total Credit Limit on all Credit Cards held

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.

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Maxiumum Financed

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Total Amount with Profit

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Frequently asked questions

What is meem Buyout (debt transfer)?

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

Is meem buyout (debt transfer) product Shariah compliant?

Yes, all meem products are 100% Shariah compliant. meem Buyout (debt transfer) product is based on the principles of Murabaha, for more information please call 17776336.

Do I need to visit a meem store to apply for meem buyout (debt transfer) product?

No, our aim is to make your life easier. With meem, you can apply and receive approval for your financing digitally through our app, a single visit is required to provide your signature and finalize your Buyout.

Should my salary be transferred and assigned to meem?

Yes. For more information, please call 17776336.

How long does it take to receive my financing?

We offer 24-hour disbursement if all your documentation is submitted and complete, and your salary has been assigned to meem.

What is the profit rate of meem Buyout (debt transfer) product?

For more about our rates please call 17776336.

What is the minimum salary to be eligible to apply for meem Buyout (debt transfer)?

The minimum salary to apply for Buyout is BD 400 Terms and Conditions apply.

What are the required documents to apply for Buyout (debt transfer)?
  • Salary assignment letter
  • Salary payslips of the last 3 months
  • Outstanding letter from your existing bank
  • Bank statement

Still have questions ?

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