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Bank Muscat launches attractive Sayyarati Auto Finance offer for the Holy Month of Ramadhan

MUSCAT, 17 April 2019 

Bank Muscat, the flagship financial services provider in the Sultanate, in step with its vision ‘To serve you better, everyday’ and commitment to partnership in banking convenience, has launched an attractive Sayyarati vehicle finance offer with the best rates in the market on the occasion of the Holy Month of Ramadhan.

Coinciding with the Ramadhan auto sales season, the latest Sayyarati offer comes with a low interest rate of 4.99%, the fastest turnaround time and absolutely no need for post-dated cheques. The feature-rich Sayyarati finance can be obtained within the shortest possible time with the package including options for a loan tenure up to 8 years for new and used vehicles, lowest monthly payment option, on-the-spot approvals and motor insurance funding with the lowest monthly payments in the market.

The Sayyarati campaign comes at a time when a large number of young Omanis are entering the job market and seeking finance for a number of requirements, including vehicles. The completely hassle-free Sayyarati finance can be obtained from all Bank Muscat branches spread across Oman. Loans up to RO 40,000 will be offered for new vehicles and while loans up to 25,000 can be sanctioned for used vehicles. For added convenience during the Holy Month of Ramadhan, the Sayyarati centres at Wattayah and Salalah will have extended timings, from 8.30 pm - 11.30 pm, which will greatly help customers in choosing their preferred car brand. Customers looking for an auto loan are also invited to take advantage of the fast loan-processing procedure for Sayyarti loans. Loans will be disbursed within 24 hours subject to applicants meeting the concerned requirements.

Abdullah Tamman Al Mashani, DGM - Institutional Sales & Products Development, said:  “Bank Muscat is happy to launch the unique Ramadhan Sayyarati finance offer. Sayyarati is the preferred vehicle finance for both citizens and expatriates in Oman. The Ramadhan offer makes it quicker, easier and more affordable to own one’s dream vehicle. The world’s best automobile brands are available in the Sultanate and by encouraging people to buy top quality vehicles through a novel financing option, Bank Muscat reiterates its commitment to road safety, at the same time contributing to its customers’ happiness and security too.”

Sayyarati finance significantly enhances the value proposition offered to customers across all dealers and brands, including motor insurance at low premium through Bank Muscat’s the bancassurance channel. One of the highlights of the Sayyarati offer is that post-dated cheques are not required and the payment will be automatically debited from the customer’s account on a monthly basis. Customers can visit any Bank Muscat branches to avail the special Ramadhan Sayyarati finance offer.