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Bank Muscat, Honda announce exciting Ramadhan offer

MUSCAT –  BankMuscat, the flagship financial institution in the Sultanate, and Oman Marketing and Services Company (Omasco), authorised sales agent of leading Japanese auto brand Honda, have announced an exciting Ramadhan offer. The partnership paves the way for exclusive deals on Honda vehicles, including chances to win two Swiss holiday packages in draws to be conducted for BankMuscat customers purchasing Honda vehicles during the period from 15 July to 30 August, and attractive interest rate on Sayyarati auto loan from BankMuscat. The auto finance with repayment extending up to 8 years can be availed through a simple and expeditious documentation process.

Amjad Iqbal Hassan Al Lawati, Head – Products & Services, said: “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. BankMuscat is proud to partner with Omasco to extend an attractive deal for Honda customers. Due to strong partnership with leading auto dealers, year on year, Sayyarati auto loan product evokes strong response, significantly enhancing the value proposition offered to customers. BankMuscat attaches great importance to offering innovative products and services and we are delighted to tailor Sayyarati with this objective in mind for Honda customers."

Mr. Freddie C.L – Manager, Advertising & Sales Promotions, Omasco Honda, said: " We are glad to be associated with BankMuscat for this year's Ramadan Promotions and all customers who purchase a new Honda Car through BankMuscat Sayyarati car loans during this campaign period will be eligible for two exclusive raffle draws which could win them a Holiday for two, for 4 nights and five days to Switzerland. What better way to reward your loyal customers than to give them a cool holiday. "

The main features of Sayyarati auto loan include spot approvals, simple documentation, motor insurance funding and lowest monthly payments. Customers are also not required to furnish post-dated cheques. These features make Sayyarati the easy, convenient and completely hassle-free way to own a new Honda vehicle. Notably, the Sayyarati auto loan can be obtained from any of the 133 BankMuscat branches spread across Oman.

Al Lawati added: “We are glad that the feature-packed Sayyarati auto finance complements the attractive Ramadhan offers by Honda. Sayyarati remains committed to helping people to own their dream vehicles. By encouraging people to buy top quality vehicles, BankMuscat seeks to reiterate its commitment to road safety in line with the directive of His Majesty Sultan Qaboos and thereby spread safety and happiness in Oman."


The documentation of Sayyarati auto loan is simple with only few signatures and details. The customer has an option to avail motor insurance through the Bancassurance channel of BankMuscat at low premiums. By availing this facility, the customer has the option to add the insurance premium amount to the loan amount and pay in installments. Post-dated cheques are not required and installments are automatically debited from customer's account on a monthly basis. Sayyarati auto loan is available to nationals and expatriates.
To enhance convenience, the Sayyarati office in Wattayah operates on extended timings during Ramadhan. The timings are, Sunday to Thursday, 9.00 am to 1.00 pm and 7.30 pm to 11.00 pm.
Al Lawati said: “Sayyarati is the preferred auto finance facility in Oman, unique in all aspects with unparalleled benefits. The Ramadhan offer has the best price deal and lowest interest rate plus additional benefits. We are delighted to make this happen in partnership with Omasco. It is now quicker, easier and more affordable than ever before to own your dream Honda vehicle."