Muscat, 21 September 2020
In line with its commitment to national development and priorities, Bank Muscat, the leading financial services provider in the Sultanate, offers Baituna home finance that makes the dream of owning a home come true. The attractive features of Baituna home finance include competitive interest rates starting at 5.75% and a tenure up to 25 years. The competitive interest rate is particularly attractive for people looking for the best home finance deals in the Sultanate. Customers can obtain easy and convenient credit approval across the Sultanate at any of the dedicated Baituna Sales Centres at Qurm, Ma'abela, Nizwa, Salalah, Barka, Sur, Saham, Sohar, Ibri, Buraimi and Ibra or at the bank’s retail banking branches.
Abdullah Tamman Al Maashani, DGM - Institutional Sales & Product Development, said: “The real estate sector is a major component of the national economy and Bank Muscat is committed to supporting this crucial sector and strengthening its role in the development and growth of the Omani economy. Baituna facilitates purchase and construction of new homes as well as land for residential use. It also offers insurance coverage and fast processing of applications across the bank’s extensive network of branches and dedicated Sales Centres. The finance offers flexible payment options and requires only simple documentation. We encourage our customers to make their dream homes a reality with the convenience of Baituna home finance.”
Baituna home finance is available for salaried government employees (Omani) with a minimum salary of RO 250 and minimum service of 3 months for up to 25 years of home financing while employees of Tier 1 private sector companies (Omani) minimum salary of RO 500 and a minimum of 6 months of service are eligible for home loans having a tenure of up to 25 years. Loans of up to RO 500,000 are available through Baituna subject to the applicant fulfilling the relevant criteria.
Easy processing, competitive interest rates and special guidance during the application process are some of the key advantages of getting home financing done through Bank Muscat Baituna. With Oman now also becoming an attractive real-estate investment destination for GCC and non-GCC nationals, Baituna offers some of the best home financing options in the Sultanate for different customer segments. For more details about Baituna, please visit https://www.bankmuscat.com/en//loans/Pages/details.aspx#baituna.