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Bank Muscat extends ‘Terhal’ finance package with the approach of the holiday season

​MUSCAT, 15 June 2016 – With the approaching of Eid Al Fitr and holiday season, Bank Muscat, the flagship financial services provider in the Sultanate, is extending its 'Terhal' holiday finance package to facilitate exciting holiday options for the largest banking family in Oman. Providing a boost to the tourism sector, 'Terhal' has evoked big response from avid travelers, opening up doors to discover exciting destinations around the world.

Targeting Oman's fast-growing tourism sector, 'Terhal' package provides customers with a comprehensive banking solution that helps them plan their financial needs while traveling. Bank Muscat customers can visit any of Bank Muscat branches across the Sultanate to apply for 'Terhal' package. 'Terhal' offers finance up to RO 10,000, at 3.5 per cent interest rate, repayable over a convenient 12 months period. The service is open to all residents in Oman-Omanis and expatriates.

The add-on benefits for 'Terhal' customers include platinum travel insurance package which covers lost passport, flight postponement or cancellation, emergency medical expenses and services, personal incidents and lost luggage. 'Terhal' package also provides customers with bank Muscat Oman Air credit card to benefit extra miles in Sinbad frequent flyer scheme. Customers can ask for the Terhal service when they approach different travel agencies in the country, who are offering this to make it affordable and convenient for travellers.

Abdullah Tamman Al Maashani, Deputy General Manager - Institutional Sales and Product Development at Bank Muscat commented:

“The holiday season witnesses huge demand on travel and tourism, which requires certain financial commitments. 'Terhal' is the first-of-its-kind holiday finance package in the Sultanate to provide services and banking facilities to meet the needs of customers at competitive interest rates. Bank Muscat's Terhal will enable customers to better manage their financial needs and commitments during vacation travel. The Bank is committed to provide the best banking services and products to customers. The package adds value, ensuring a hassle-free holiday for customers. Bank Muscat customers can apply for 'Terhal' package from any of the Bank's branches located across the Sultanate."

Bank Muscat is committed to fulfilling customer requirements in order to develop banking services and products that meet current and future customers' needs. The Bank has introduced a number of products, programs and loans earlier including Al-Zafah Marriage Loan and Shahadati to finance education/studies expenses. Being the leader bank in the Sultanate, Bank Muscat significantly contributes to the national economy by providing an integrated network of advanced payment systems and branches across the Sultanate.