Sayyarati

It’s now quicker, easier and more affordable than ever before to own your dream car. • Simple documentation • Fast processing • No Post Dated Cheques • Low monthly installments • Insurance funding scheme

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Simple documentation: The documentation of the car loans is simple with only few signatures and details.
Fast processing: The processing of the car loans is fast with approvals within 24 hours
No post dated cheques: The applicant is not required to give any cheques. The monthly installments are automatically debited from his account on a monthly basis
Low monthly installments: The interest rate charged is on a reducing balance.
Insurance funding scheme: The customer has an option to avail car insurance through the Bancassurance channel of Bank Muscat at low premiums. If he avails this facility he has the option to add the insurance premium amount to the loan amount and pay in installments.

Loan for purchase of new car
You can visit any dealership or our branches to avail this facility.
This facility is offered to nationals and also expatriates.

Call 2479 5555 for further details.

FAQs

How do I apply?
You can apply for a car loan at any of our branches or car dealerships.

What documents do I need to furnish to apply for a loan?
The minimum sets of documents required are
• NID / Resident card copy
• Passport copy with Visa Page in case of expatriates only
• Salary certificate / Salary assignment letter as applicable (mentioning your salary, end of service benefit and your date of employment)
• Quotation from the dealer

What is the extent of finance?
You can avail of up to 80% of the invoice value of new car.
What is the repayment tenure?
The maximum loan tenor offered is up to 72 months (6years)

For more details please contact us at:

Tel: (+968) 2479 5555
Fax: (+968) 2470 6757
Email:sayyarati@bankmuscat.com
 

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