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Bank Muscat launches feature-packed Sayyarati Ramadhan campaign

MUSCAT, 09 June 2015 – Bank Muscat, the flagship financial services provider in the Sultanate, has launched an attractive Sayyarati auto finance campaign coinciding with the approaching Ramadhan sales season.

The feature-rich Sayyarati auto finance is available at low interest rates starting from 3.5 per cent to 4.5 per cent on a reducing basis which is equivalent to 1.91 per cent to 2.41 per cent on a flat basis. The Sayyarati Ramadhan package includes financing up to 8 years for new and used vehicles, the lowest monthly payment option, on-the-spot approvals and motor insurance funding with the lowest monthly payment 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. Notably, Sayyarati finance can be obtained from any of the 140 Bank Muscat branches spread across Oman. This offer comes as a boon for newly recruited employees in government and quasi-government sector who can avail the auto finance if they have been employed for 1 month and 3 months in the case of employees of approved private sector companies.

Sayyarati is the preferred auto finance facility in Oman for both citizens and expatriates, unique in all aspects with unparalleled benefits. The Ramadhan offer includes various unique benefits, making it quicker, easier and more affordable to own one's dream vehicle. The Sayyarati Centre at Wattayah will be open for customers from 8:00 pm to 11:30 pm during the holy month of Ramadhan, giving customers an opportunity to apply for financing their vehicles in the shortest possible time.

Due to strong partnership with leading auto dealers, Sayyarati significantly enhances the value proposition offered to customers, including motor insurance at low premium through the bancassurance channel of Bank Muscat. Post-dated cheques are not required and payment installments are automatically debited from customer account on a monthly basis. Customers can visit any auto dealership or Bank Muscat branches to avail Sayyarati auto finance offered to citizens and residents.

Oman is home to the world's best known auto brands. By encouraging people to buy top quality vehicles, Bank Muscat reiterates its commitment to road safety, thereby spreading safety and happiness in Oman.