MUSCAT, 16 August 2017 – Bank Muscat, the flagship financial
services provider in the Sultanate, has evoked strong response to its
short-tenor Shahadati Fee aimed at easing payment of private school tuition fees
and vocational training charges.
Launched in step with the ‘Let’s Do More’ vision and commitment to
partnership in the national objective of educational support, the Shahadati Fee
provides convenient financial support up to a maximum of RO 10,000 at 3.5 per
cent interest for a short tenor of one year. The add-on benefits include special
offers from local training institutes and joint repayment facility by two
guardians. The bank disburses Shahadati Fee directly to schools and training
centres. The finance can also be availed for special summer training and
executive development programmes.
Shahadati Fee is the first-of-its-kind short-term finance targeted
at education purposes, especially private school tuition fees. Quality education
is the key to a secure future and Shahadati makes it achievable by ensuring that
customers do not feel the financial burden in enrolling their children at
educational institutes of their choice. The Shahadati Fee also supports Omani
youth to pursue various training programmes.
The short-tenor Shahadati Fee eases the financial burden of
parents while enabling children to achieve their academic goals. Over the years,
different variants of the popular Shahadati finance has fulfilled the ambitions
of a number of aspiring students seeking college or higher education
opportunities in Oman and abroad. The facility is also available for working
employees to pursue educational programmes.
Aimed at helping Omani students obtain relevant academic
qualifications, Shahadati Fee addresses a critical need of youth who represent
the future of Oman.