Achieve success in your business

najahi provides support to your business by offering specialized facilities and customized financing solutions without security and audited financials.

Najahi provides  Current account with Business Debit card |Flexible financing options | Financing for bills/contracts | Business Credit card with cash back rewards | Financing for POS receivables |Dedicated relationship manager.


Najahi Current account

A value added Current Account with its unique features and convenient benefits such as:

• Branded cheque book
• Priority queuing


Najahi Business Debit card

• The Najahi debit card comes with a host of convenient features with access to 24X7 banking services.
• Daily withdrawal limit of RO 1,000 at ATMs
• Worldwide POS acceptance
• Cash Deposit facility
• More security
• Multiple cards
• SMS alerts


Apply today to enjoy the convenience and security of najahi current account:


Open a najahi Current Account today or convert your existing Current Account to a najahi Current Account (maintain a minimum balance of RO 500 only) to avail a range of convenient banking services including the najahi Business Debit card and najahi branded cheque book.


Please find the account conversion form attached with this mail for the conversion of your existing current account to najahi account along with the ID copies of the users of the debit cards. The existing current account number will remain the same and after conversion to Najahi account you will be able to enjoy the host of benefits.

Locality

Landmark

Contact number

CBD

MBD Branch

24801165

Al Khuwair

Al Khuwair Souk

24480793

Airport

Bank Muscat HO (Airport Heights)

24767862

Seeb

Seeb souq

24420399

Barka

Barka Souq

26883599

Sohar

Sohar Main branch

26840499

Nizwa

Firq Branch

25414405

Sur

Sur Al Afiya branch

25541929

Salalah

Salalah Corporate branch

23370038

Buraimi

Buraimi branch

25601258

Ibri

Ibri (Jubail) Branch

25690268

 

The najahi Flexi loan and Credit card

The najahi Flexi loan and Credit card bank muscat provides simple and security free credit facility for business clients, to meet their working capital, business expansion and other needs.

Pre Conditions:
•  Minimum of Two years in business – active companies
•  Minimum One year bank statement  - Biz Cash flow/ Receivables in bank account
•  Positive record & no negative check – Cheque returns/ caution list

Benefits:
• Flexibility & Ease in getting finance
• Access to funds without collaterals & audited financials
• Minimum documentation and fast processing.
• First of its kind Business Credit card with a host of benefits.
• 0.5% cash back facility on purchases through Najahi credit cards
• Supplementary cards
• Access to Airport lounges for ( Najahi Plus ) card holders

The najahi Point Of Sale (POS) receivables financing:


A specially designed short term loan facility to meet your business requirements,
The najahi POS Receivables Financing provides an exciting opportunity to meet your working capital requirements in a unique fashion.

The key features of the loan are described below:
• Short tenor
• Evergreen facility
• Daily small installment facility
• No collaterals
• Simple documentation
• Quick processing

Enjoy the convenience and speed of najahi POS Receivables Financing. With only a one year POS track record, you can avail of a collateral free financing with daily small repayments in a quick and hassle free manner.

The najahi Contractor's loan:

For the first time in the Sultanate, bank muscat is proud to offer financial support to small businesses in Oman by providing a working capital against contracted jobs for their clients.

To qualify for a loan against a contract

Simply provide a contract issued by any of the approved companies by bank muscat and any evidence of having successfully completed similar contracted jobs in the past. The tenure of your term loan is determined by the contract completion date, but cannot exceed a maximum of 1 year. 

To qualify for bill discounts against an invoice


Simply provide proof of job completion and the invoice submitted to any of the approved companies by bank muscat. The tenure of your bill discounts facility will extend until the funds are credited into your bank account, but cannot exceed a maximum of 3 months.

To apply, visit any bank muscat branch today with your contract or invoice to avail from the following:
• No collateral required.
• No minimum turnover size requirement.
• Simple documentation.
• Quick processing.

Visit your nearest bank muscat branch or call 24795555 for more information.

Click here to view the brochure for more details>>>>>

 

Najahi FAQ's

What is Najahi?

Najahi is the brand name under which Bank Muscat provides specially designed products for micro and small businesses.
Najahi products are offered to customers through The Retail Banking Division of the bank.

Who qualifies as a Najahi customer?

All small business customers are eligible for Najahi products. For credit facilities,
there would be additional qualification criteria which is specific to the type of credit facility availed.

In case a customer already has a credit facility through a Relationship Manager from the bank serving their needs,
then the customer would have to request for a change to Najahi Relationship Manager to qualify for Najahi Credit facilities.

Large business customers who need credit facilities above RO 50K, would be covered by other divisions of the bank.

What are the Najahi products?

Najahi has a suite of products covering deposits, loans and trade finance (LCs and Guarantees).

Under deposits, Najahi Current Account is a value added Current Account that comes with
a Debit Card facility and has several additional benefits such as branded cheque book, priority queuing at branches,
free access to Maktabi Business Centres and online banking services.

Under credit facilities Najahi has najahi Flexi Loan to support working capital,
business expansion and other business needs; najahi Business Credit Card;
najahi Contractors Loan to help complete contracted jobs; najahi Contractors
Bill Discounting to get immediate funds after completing contracted jobs and najahi
point of sale (POS) receivables financing (with daily installment facility) for very short term credit needs.

For Trade Finance products, currently only fully cash backed facilities are offered.

What are Najahi deposit products?

Najahi Current Account is a value added Current Account that comes with a Debit Card facility
and has several additional benefits such as branded cheque book, priority queuing at branches,
enhanced daily cash withdrawal limit at ATMs (RO 1000) and online banking services

What are Najahi credit products?

Under credit facilities Najahi has najahi Flexi Loan to support working capital,
business expansion and other business needs; najahi Business Credit Card;
najahi Contractors Loan to help complete contracted jobs; najahi Contractors Bill
Discounting to get immediate funds after completing contracted jobs and
najahi point of sale (POS) receivables financing (with daily installment facility) for very short term credit needs.
najahi credit facilities do not require any collaterals


How do I apply for a Najahi product?

To open an account or to avail trade finance facilities, you can apply at your nearest Bank Muscat branch

To avail of credit facilities, you can apply through a branch or through dedicated Najahi centers in select branches.
A relationship manager will be assigned who will further guide you through the process.

How long does it take for taking a Najahi loan?

The bank has a dedicated team in place and has invested in several systems to ensure quick loan processing.
Customers are requested to provide the necessary documents and other requisites
early to achieve quick turnaround times.

How is Najahi Current Account different from a normal Current Account?

The Najahi Current Account is a value added Current Account for business customers.
It offers differentiated services, including Business Debit Card, branded cheque book,
priority queuing at branches, enhanced daily cash withdrawal limit at ATMs (RO 1000) and online banking services

What are the fees for Najahi Current Account?

The minimum balance to be maintained in the Najahi Current Account is RO 500.
In case the balance falls below this, a fee of RO 2 is levied.

If I already have a Current Account in the bank, how do I apply for Najahi Current Account?

You can choose to open a new Account which is a Najahi Current Account.
However, we encourage customers to convert their existing Account to a Najahi Current Account.
The account number remains the same and the customer only needs to fill a simple form to convert the account.

Do I need to have two Current Accounts in the bank?

There is no requirement to have two Accounts i.e. a regular Current Account and Najahi Current Account.
You can simply convert your existing Account to Najahi Current Account and retain the existing account number.

How do I get a Najahi Business Debit card?

The Najahi Business debit card is only offered to customers having a Najahi Current Account.
It can be availed by filing a simple form and submitting it at the branch.
The application can be submitted simultaneously with the application for opening a new
Najahi Current Account or converting an existing Current Account.

What are the benefits of a Najahi Business debit card?

The najahi Business Debit Card offers a daily withdrawal limit of RO 1000.
The higher withdrawal limit helps customers to meet day-to-day cash requirements.
najahi customers can also avail multiple debit cards on the same account allowing authorised persons
to make transactions on behalf of the company.

Who is eligible for Najahi Flexi Loan?

All business customers who have a running business for two years can apply for Najahi Flexi Loan.

What are the features of Najahi Flexi Loan?

The Najahi Flexi Loan offers a flexible credit facility to business customers
that is the closest in form to an overdraft facility. This facility gives the
customer the power to choose when to avail the loan and for what period.
Customers pay interest only when they actually avail the loan and not when the facility is granted.

Once the credit facility is approved, customers can choose avail a part or
the full amount whenever they need the funds. The interest is charged only
when the loan is availed. The repayment tenors are 3, 6, 9 12, 15, 18, 24, 30 and 36 months.

There is no collateral required.

Who is eligible for Najahi Business Credit card?

All business customers who have a running business for two years can apply for Najahi
Business Credit card. This facility is generally offered in combination with Najahi Flexi Loan.

Customers who do not qualify for credit facility can also apply for this card by
keeping a cash margin with the bank.

How is a Business Credit card different from a normal Credit Card?

In the case of a normal Credit Card, the credit facility is offered to individual customers
while in the case of the Business Credit Card, the credit facility is offered to business.

The cards will be issued to individuals nominated by the business owner/authorized person
from the company and the credit card repayments will be collected from the business account

What are the features of Business Credit Card?

Additional benefits offered on Najahi Business Credit Card are 0.5% cash back on
all purchases made through the card, free access to Maktabi Business Center,
free credit life insurance for business owners and lounge access at Plaza Premium lounge
in Muscat Airport (for Najahi Plus card holders only).

What is the difference between Najahi Business Credit Card and Najahi plus Business Credit card?

The Najahi plus Business Credit Card is offered for card limits above RO 5000.

Who is eligible for Contractor Loan?

All business customers who have a contract from a company that is on Bank Muscat’s approved list
and have an experience of completing two earlier contracted jobs from any of the
approved companies are eligible to apply.

Who is eligible for Contractor Bill Discounting?

All business customers who have completed a contracted job from a company that is on Bank Muscat’s
approved list are eligible to apply.

What are the features of Contractor Bill Discounting?

The bill discount is provided up to 80% of the invoice value. The repayment tenor is a maximum of three
months (90) days. As assignment of payment by the contract issuing company is necessary.
There is no collateral required.

Who is eligible for POS Receivables Financing facility?

All business customers who are using a POS terminal for one year are eligible to apply for this facility.

What are the features of POS Receivables Financing facility?

The key features of najahi PoS receivables financing include short tenor (ranging from one to six months)
with daily installment repayments. A small amount is automatically deducted daily from customers’
bank account to repay loan.

There is no collateral required.

How long does it take to get approval for POS Receivables Financing facility?

The approval is provided very fast (typically one day after submission of all necessary documents).

What is meant by evergreen facility?

The evergreen facility allows customers to keep repaying and replenishing the loan, thereby ensuring assured cash flow

ONLINE BANKING
Convenient, Fast and Secure
I WANT TO KNOW ABOUT
© bank muscat