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Bank Muscat extends Sayyarati offer till the end of Salalah festival

MUSCAT, August 2013 – Bank Muscat, the flagship financial institution on the Sultanate, extended Sayyarati offer till the end of Salalah festival due to the large number of requests coming in from customers across the Sultanate to avail Sayyarati features and  own their dream vehicles.

The main features of Sayyarati finance include reduced rates starting from 3.5 per cent, on-the-spot approvals, simple and clear documentation and motor insurance funding with the lowest monthly payments in the market. Customers are also not required to furnish post-dated cheques, making Sayyarati the easy, convenient and completely hassle-free way to own a new car.

The Sayyarati benefits include the lowest monthly payment option, lower interest rates and financing up to 8 years for new vehicles. Financing is also available for used vehicles. Notably, Sayyarati finance can be obtained from any of the 137 Bank Muscat branches spread across Oman.

Amjad Al-Lawati, Head of Product and Services Management, said: “Sayyarati is the preferred auto finance facility in Oman, unique in all aspects with unparalleled benefits. The Ramadhan offer includes various benefits, making it quicker, easier and more affordable to own one's dream vehicle."

Amjad added that due to strong partnership with leading auto dealers, year on year, Sayyarati enhances the value proposition offered to customers who have the option to avail motor insurance at a low premium through the Bancassurance channel of Bank Muscat. Post-dated cheques are not required and installments are automatically debited from the customer's account on a monthly basis. Many facilities are offered, such us, insurance up till 8 years and disbursing the loan within 24 hours. Customers can visit any auto dealership or Bank Muscat branch to avail Sayyarati auto loan offered to both nationals and expatriates. The documents required are salary transfer letter, ID copy, copy of the driving license, and a certificate of the car's price.  
Oman is home to one of the largest car loving population, which is reflected in the presence of the world's best known auto brands. Bank Muscat attaches great importance to offering innovative products and services and Sayyarati is tailored with this objective in mind to benefit customers.

Sayyarati remains committed to helping people to own their dream vehicles. By encouraging people to buy top quality vehicles, Bank Muscat seeks to reiterate its commitment to road safety and thereby spread safety and happiness in Oman.