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What can Al Wathbah do for me?
Al Wathbah can provide working
capital loans/advances against your
average monthly credit receivables.
What is the extent of finance?
You can avail finance up to a
maximum of 80% of the annual credit
card receivables. The maximum amount
of credit for a borrower is RO 100K.
What is the repayment tenure for a
loan?
You can repay the loan in 12 monthly
installments.
What interest rates will be charged
on an Al Wathbah facility?
An interest rate of 9% p.a. will be
applied monthly on actual
outstanding and payable every month.
A penal interest rate of 12% p.a.
will be applied on any delayed
payment, on the amount delayed.
Please note that the interest rate
is reviewable annually at the Bank’s
discretion.
Are there any other charges?
You will have to pay a flat
processing fee of 1% on the amount
of facility, payable before
disbursement.
For contact details,
click here
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