Baituna home loan

Make your ‘dream home’ a reality with baituna home loan

Features:
  • Low interest rates starting from 5.75% p.a. with a maximum loan tenure of up to 25 years *
  • Maximum loan amount of OMR 500,000
  • Apply easily at any of our branches or Baituna Sales Centres across Oman.
 
Eligibility:​
  • ​Omani employees in the government sector & listed private companies with a minimum salary of OMR 250*

* Conditions apply
​​

Fees and Charges:
Description Total Amount (with VAT)
Processing charge OMR 52.500
Pre-payment 1.05% of the amount prepaid (whether partial or full payment of the principal outstanding).
Bank charge for the Basic Credit Life Insurance product 0.053% of the total loan amount, minimum of OMR 5.250, and Maximum of OMR 78.750.
Late payments
A charge of 1% will be added over the agreed interest rate for every overdue installment.

Documents Required:
  • National ID card
  • Salary assignment letter
  • Krooki and Mulkiya copy
  • Valuation of property from the approved list of valuators
  • Sales and Purchase agreement (in case of house purchase)
  • Seller ID (in case of house purchase)
  • Construction legalization (Ebahaa) and maps copy (in case of construction)
  • Advisory letter and contractor agreement (in case of construction)
  • Life insurance coverage document

T&C disclaimer:
  • In case of pre-payment, Prepayment charges will apply
  • In case of late payment, late payment charges will apply
  • The property to be mortgaged in favour of the bank 

FAQs:

 

Loan Calculator Loan Pre-Payment Request Form Third Party Registration Form

Construction or renovation agreement Sales & Purchase Agreement  Home Loan Application Form

Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Sayyarati car loan

Get set, and get driving…Our Sayyarati Car Loan makes it quicker, easier and affordable to enjoy the freedom that comes when you drive your very own dream car

Features:
  • Low interest rates starting from 3.75% p.a. with a maximum loan tenure of up to 8 years *
  • Maximum loan amount of OMR 60,000 for both new and used vehicles*
  • Apply easily through mBanking or Internet Banking or at any of our branches and Sayyarati Sales Centres across Oman. Customers can also apply directly through car dealerships
Eligibility:​
  • Omanis with a minimum salary of OMR 250*
  • Expatriate with a minimum salary of OMR 750*

* Conditions apply

Fees and Charges:
Description Total Amount (with VAT)
Processing charge OMR 26.250
Pre-payment 1.05% of the amount prepaid (whether partial or full payment of the principal outstanding).
Bank charge for the Basic Credit Life Insurance product 0.053% of the total loan amount, minimum of OMR 5.250, and Maximum of OMR 78.750.
Late payments A charge of 1% will be added over the agreed interest rate for every overdue installment.

Documents Required:
  • National ID card for Omanis/ Passport copy for Expatriate
  • Salary assignment letter
  • Quotation / car valuation from the approved valuator
  • Driving license
  • Mulkiya (for used cars)
  • Copy of the seller’s National ID or passport (in case of used car purchases from individuals)
  • Life insurance coverage document
  • Joint registration 

T&C disclaimer:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

FAQs:

 

Loan Calculator Loan Pre-Payment Request Form Undertaking not to Drive Form Third Party Registration Form
Sales & Purchase Form Loan Agreement Consumer & Vehicle Application form

Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

Shahadati educational loan

Your partner for a brighter future with shahadati educational loan

Shahadati higher education loan:
  • Covers full expenses including tuition fees, accommodation, transportation, books and any education related expenses.*
  • Low interest rates of 5.25% p.a. with maximum loan tenure of up to 7 years.
  • Maximum loan amount of OMR 75,000

*Conditions Apply

    Shahadati fees loan
    • Designed for private school fees, summer courses, and professional certificates.
    • Low interest rates of 3.75% with maximum loan tenure of up to 1 years.
    • Maximum loan amount of OMR 10,000
    • Joint repayment option available for both parents paying school fees
    • Loan amount paid directly to the school/training center.
    • Apply easily through mBanking or Internet Banking or at any of our branches across Oman

    *Subject to providing all the necessary documents.

Eligibility:
  • Omani employees in the government sector or listed approved private companies, with a minimum service period of 3 months and a minimum salary of OMR 250*
  • Expatriate employees in the government sector or listed approved private companies, with a minimum service period of 6 months and a minimum salary of OMR 750*
    Applicants age must be between 18 – 60 years.

*Conditions apply


Fees and Charges:
Description Total Amount (with VAT)
Processing charge OMR 26.250
Pre-payment 1.05% of the amount prepaid (whether partial or full payment of the principal outstanding).
Bank charge for the Basic Credit Life Insurance product 0.053% of the total loan amount, minimum of OMR 5.250, and Maximum of OMR 78.750.
Late payments A charge of 1% will be added over the agreed interest rate for every overdue installment.
Documents Required:
  • National ID card of the student and parent/ Passport copy for Expatriate (legal guardian), 
  • Salary assignment letter of the parent (legal guardian)
  • Additional documents for universities/colleges:
    • Higher secondary certificate (of the student)
    • University acceptance letter including: program name, program code, and program fee
    • Program duration
    • University banking details (required if direct dispersal is requested)
    • Quotation from the university with the stage payment of each semester

T&C disclaimer:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

 

Loan Calculator Loan Pre-Payment Request Form Loan Agreement Bank Charges Consumer & Vehicle Application form

Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​​​​​​​

Zaffa marriage loan

Step into the world of happiness with zaffa marriage loan

Features:
  • Low interest rates of 5.25% p.a. with a maximum loan tenure of up to 5 years.
  • Maximum loan amount of OMR 30,000
  • Apply easily through mBanking or Internet Banking or at any of our branches across Oman.
Eligibility:
  • Omani employees in government/quasi government with a minimum salary of OMR 250*
  • Omani employees in private companies with a minimum salary of OMR 500*
  • Expatriate employees in the government sector or listed approved private companies, with a minimum salary of OMR 750* 

* Conditions apply


Fees and Charges:
Description Total Amount (with VAT)
Processing charge OMR 26.250
Pre-payment 1.05% of the amount prepaid (whether partial or full payment of the principal outstanding).
Bank charge for the Basic Credit Life Insurance product 0.053% of the total loan amount, minimum of OMR 5.250, and Maximum of OMR 78.750.
Late payments A charge of 1% will be added over the agreed interest rate for every overdue installment.
Documents Required:
  • National ID card for Omani/Passport copy for Expatriate.
  • Salary assignment letter
  • Life insurance coverage document

T&C disclaimer:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.


 

Loan Calculator Loan Pre-Payment Request FormLoan AgreementBank Charges Consumer & Vehicle Application form

Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​

Terhal travel loan​

Go ahead, compile your travel and discover the world with bank muscat terhal travel loan will help you realize all your holiday plans.

Features:
  • Low interest rate of 3.75% p.a. with a maximum loan tenure of up to 1 year*
  • Maximum loan amount of OMR 25,000*
  • Apply easily through mBanking or Internet Banking or at any of our branches across Oman.
Eligibility:
  • Omanis , aged 18 and above with minimum salary of OMR 250*
  • Expatriate aged 21 and above with minimum salary of OMR 750*​

* Conditions apply


Fees and Charges:
Description Total Amount (with VAT)
Processing charge OMR 26.250
Pre-payment 1.05% of the amount prepaid (whether partial or full payment of the principal outstanding).
Bank charge for the Basic Credit Life Insurance product 0.053% of the total loan amount, minimum of OMR 5.250, and Maximum of OMR 78.750.
Late payments A charge of 1% will be added over the agreed interest rate for every overdue installment.
Documents Required:
  • National ID card/ Passport copy for Expatriate.
  • Salary assignment letter
  • Life insurance coverage document

T&C disclaimer:
  • In case of pre-payment, Prepayment charges will apply.
  • In case of late payment, late payment charges will apply.

 

Loan Calculator Loan Pre-Payment Request FormLoan AgreementBank Charges Consumer & Vehicle Application form

Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​​​​​

Health and beauty loan

Pamper yourselves with health and beauty loan.

Features:
  • Low interest rates starting from 4% p.a with a maximum loan tenure of up to 1 year*
  • Maximum loan amount of OMR 25,000*.
  • Apply easily through mBanking or Internet Banking or at any of our branches across Oman.
Eligibility:

  • Omanis , aged 18 and above with minimum salary of OMR 250*
  • Expatriate​ aged 21 and above with minimum salary of OMR 750*

* Conditions apply


Fees and Charges:
Description Total Amount (with VAT)
Processing charge OMR 26.250
Pre-payment 1.05% of the amount prepaid (whether partial or full payment of the principal outstanding).
Bank charge for the Basic Credit Life Insurance product 0.053% of the total loan amount, minimum of OMR 5.250, and Maximum of OMR 78.750.
Late payments A charge of 1% will be added over the agreed interest rate for every overdue installment.
Documents Required:
  • National ID card/Passport copy for Expatriate
  • Salary assignment letter
  • Life insurance coverage document

T&C disclaimer:
  • In case of pre-payment, Prepayment charges will apply
  • In case of late payment, late payment charges will apply

FAQs:

 

Loan Calculator Loan Pre-Payment Request Form Loan Agreement Bank Charges Consumer & Vehicle Application form

Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​​​​

Personal loan

Providing you easy and convenient lending to meet your needs.

Features:
  • Low interest rates starting from 4% p.a.*
  • Maximum loan amount of OMR 200,000 for Omanis and 15,000 for residents, with a maximum tenure of 10 years*.
  • Eid deferment option is available (for Omanis only)*
  • Apply easily through mBanking or Internet Banking or at any of our branches across Oman.

*Conditions apply.


Eligibility:
  • Omanis, aged 18 and over, with a minimum salary of OMR 250.*
  • Expatriate, aged 21 and over, with a minimum salary of OMR 750.*

* Conditions apply.


Fees and Charges:
Description Total Amount (with VAT)
Processing charge OMR 26.250
Pre-payment 1.05% of the amount prepaid (whether partial or full payment of the principal outstanding).
Bank charge for the Basic Credit Life Insurance product 0.053% of the total loan amount, minimum of OMR 5.250, and Maximum of OMR 78.750.
Late payments A charge of 1% will be added over the agreed interest rate for every overdue installment.
Special deferment other than Eid OMR 5.250
Rescheduling of loan OMR 5.250
Top up Loan processing OMR 5.250
Documents Required:
  • National ID card for Omanis / Passport copy for Expatriate
  • Salary assignment letter
  • Life insurance coverage document
T&C disclaimer:
  • In case of pre-payment, Prepayment charges will apply
  • In case of late payment, late payment charges will apply
  • Only two waivers in a year are allowed upon customer request*


Loan Calculator Loan Pre-Payment Request Form Loan Agreement Consumer & Vehicle Application form

Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​​​​​​

Green finance

Let’s build a sustainable future together.

Features:
  • Low interest rates of 3.5% p.a. with a maximum tenure of up to 5 years*
  • Maximum loan amount of OMR 25,000*.

*Conditions Apply

Eligibility:
  • Omanis, aged 18 and above, with a minimum salary of OMR 250.*
  • Expatriate, aged 21 and obove, with a minimum salary of OMR 750.*
  • Minimum service period of 3 months for Omani and 6 for Expatriate.

* Conditions apply

Fees and Charges:
Description
Total Amount (with VAT)
Processing charge
OMR 26.250
Pre-payment 1.05% of the amount prepaid (whether partial or full payment of the principal outstanding).
Bank charge for the Basic Credit Life Insurance product 0.053% of the total loan amount, minimum of OMR 5.250, and Maximum of OMR 78.750.
Late payments
A charge of 1% will be added over the agreed interest rate for every overdue installment.
Documents Required:
  • National ID card for Omanis / Passport copy for Expatriate
  • Salary assignment letter
  • Life insurance coverage document
  • Cost quotation of the project and regulatory approval.
  • Tri-party agreement (to be signed by the customer, the vendor, and Bank Muscat)
T&C disclaimer:
  • In case of pre-payment, Prepayment charges will apply
  • In case of late payment, late payment charges will apply

FAQs:

 

Loan Calculator Loan Pre-Payment Request Form Loan Agreement Bank Charges Consumer & Vehicle Application form

Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​​​​​

Woqar

Avail loan against your pension and be eligible for different credit facilities such us personal loans, home loans, auto loans and credit cards through Bank Muscat’s Woqar!

Features:
  • Low interest rates of 3.5% p.a. with a maximum tenure of up to 10 years for Personal Loans and 25 years for Home Loans.*
  • Apply easily at any of our branches.

*Conditions Apply

Eligibility:
  • Retired Omani pensioners up to the age of 70*

*Conditions apply


Fees and Charges:
Description Total Amount (with VAT)
Processing charge (for Sayyarati Auto Loan and Personal Loan) OMR 26.250
Processing charge (for Baituna Home) OMR 52.500 ​​​
Top Up charges (for Personal Loan) OMR 5.25
Loan Restructuring OMR 15.750
Late payments A charge of 1% will be added over the agreed interest rate for every overdue installment
Documents Required:
  • National ID card
  • Pension salary assignment letter

In addition to the required documents for Baituna Home Loan or Sayyarati Auto Loan.

T&C disclaimer:
  • In case of late payment, late payment charges will apply.
  • Only two waivers in a year are allowed for Personal Loan.

FAQs:

 


 Visit your nearest branch or call 2479 5555 for further details.​​​​​​​​​​​​​​​​​​​

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