|
BankMuscat Announces Exciting Baituna 6 in 1
Offer
 Muscat.
September 17, 2007: In continuation of their
spirit of celebrating 25 years in Oman,
BankMuscat, the nation’s premier bank, announced
a special offer from its suite of baituna home
finance products. With this very special offer
it will now be possible for many to realize
their dreams of owning a home in Oman.
This 6 in 1 baituna home finance bundle of value
and savings includes pre-approved finance,
addition of consumer loan, competitive life and
fire insurance rates, eligibility to win with al
Mazyona, and free credit card.
Speaking on the occasion AbdulRazak Ali Issa,
chief executive, BankMuscat said,
“To celebrate our 25th year we decided to
offer baituna Home Finance as a 6-in-1 bundled
offer. Our aim is to make owning a house
possible for all people across the Sultanate. We
have time and again promised to offer our
customers a suite of products and services that
are nothing short of being ‘best in class’.”
The primary features of the 6-in-1 make it a
very competitive product, which adds value to
the end user. All baituna borrowers will be
provided a conditional pre-approval. The
pre-approved credit limit will facilitate the
house hunting process and let the borrowers
focus on a suitable price range. This will also
assist them in obtaining the best purchase deal.
Now, within the baituna bouquet a consumer loan
can also be provided to the client in addition
to the home finance. Life insurance and fire
insurance advantages are also highlighted in the
new and favorable baituna home finance suite.
The revised rates and mode of premium collection
of both life and fire insurance has made it more
competitive. This feature has been accentuated
in the new bundled scheme.
Another rewarding feature of this bundle offer
is that upon the approval of the home finance,
the first installment is being maintained in the
al Mazyona saving account in the name of the
borrower for the duration of the loan. This
deposit entitles the borrower to participate in
al Mazyona prize draws. Last but not the least
to complete the offering, a pre-approved credit
card is being offered to those applying for the
baituna home finance. The card is free of
membership charge during home finance tenure.
BankMuscat’s baituna suite of products comprises
of baituna Classic Home Finance, baituna Gold
Home Finance and baituna Plus Home Finance. The
baituna suite of products is available for
purchase and construction of homes for
first-time buyers, purchases of second homes or
retirement homes, and also for purchase of land
for residential use at selected locations.
Financing is offered primarily to Omani
nationals, though the suite of products also
provides financing options for GCC nationals and
expatriates who wish to seek housing finance for
properties in the Sultanate. The Bank also
provides refinancing options to customers with
existing housing loans from other organizations. |
