Personal Lending
Discover bespoke financing solutions designed to meet your unique needs. From purchasing a new home to consolidating debt or making investments, our discretionary loans provide tailored options to match your financial profile. With a personalized and relationship-driven approach, we’re here to help you achieve your goals seamlessly while providing the following features:
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Dynamic Credit Solutions: Customized on a case-by-case basis
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Dedicated Relationship Manager: Personalized guidance through every step
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Inclusive Reach: Available for non-residents*
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All-encompassing Relationship: Comprehensive financial management to align with your goals
*T&C Apply
Choose from three tailored financing options designed to meet your specific needs. Whether it’s long-term support, flexible access to funds, or short-term financing, we have the right solution to help you achieve your financial goals.
1. Term Loans
Who is it for?
Tailored for those looking to purchase property, make significant investments, or consolidate debts. These solutions offer structured flexibility and personalized attention, helping you achieve your financial goals effectively.
Features & Benefits:
- Short or long-term financing options
- Flexible repayment schedules aligned with your cash flow
2. Overdraft Loans
Who is it for?
Designed for customers who need financial flexibility to manage cash flows effectively and handle unexpected expenses with confidence.
Features & Benefits:
- Flexible Access to Funds: Borrow up to your approved limit directly from your checking account
- Convenient Financial Cushion: Address unexpected expenses or cash flow gaps with ease
- Interest on Utilized Amount: Pay interest only on what you use, not the full overdraft limit
- Pre-Approved Limits: Peace of mind with pre-approved limits for immediate access
- Revolving Credit Line: Limits reviewed annually to suit your changing needs
3. Bridge Loans
Who is it for?
Ideal for individuals awaiting assured cash flows or long-term funding but needing immediate financial support to manage pressing commitments.
Features & Benefits:
- Cash Flow Management: Provides funding to bridge the timing gap between cash flows and long-term financing
- Cost-Effective Solution: Meet liquidity needs without compromising your expected cash flow
- Short-Term Financing: Tailored to ensure you have the resources to address immediate priorities
Documents Required:
Based on:
1. Salary
- National ID for Omanis / Passport for Residents
- Salary Assignment Letter
- Latest 12 Months Bank Statements of the customer showing the credited amount {These statements must be attested by the bank (If the salary income is generated from the company owned by the borrower, the documents mentioned under “Business Income” will be required in addition to the above)
2. Pension:
- National ID for Omanis / Passport for Residents
- Pension Assignment Letter in bank’s approved format
- Latest 12 Months Bank Statements of the customer showing the credited amount (These statements must be attested by the bank)
3. Investments
- National ID for Omanis / Passport for Residents
- Portfolio statement
- Latest 12 Months Bank Statements of the customer showing the credited amount (These statements must be attested by the bank)
4. Business (from which the customer earns profits/income)
- National ID for Omanis / Passport for Residents
- Valid CR Copy & commercial license of the business
- Latest 3 years’ audited financials of the business
- In-house financials for the current year.
- Financial projections for the entire term of the loan (If required).
- Corporate Guarantee from the company
- Board Resolution for issuance of Corporate Guarantee to secure the specific exposure
- Latest 12 months’ bank statement (where the cashflow from the operations are routed). {These statements must be attested by the bank}
- Latest 12 months’ bank statement of the customer showing the credited amount {These statements must be attested by the bank}
5. Rental Agreements
- National ID for Omanis / Passport for Residents
- Registered latest rental agreements (registered with Municipality)
- Latest 12 months’ bank statement of the customer showing the credited amount {These statements must be attested by the bank} {Rent paid in cash is not be considered for evaluation}
Main T&C:
- In case of pre-payment, Prepayment charges will apply
- In case of late payment, late payment charges will apply
Get a call back!
Visit your nearest branch or
call 2479 5555 for further details.
