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Bank Muscat extends Sayyarati offer on Mercedes-Benz vehicles

MUSCAT, 14 November 2012 – Following on a successful partnership during Ramadhan, Bank Muscat, the flagship financial institution in the Sultanate, has extended an attractive Sayyarati auto loan offer for Mercedes-Benz vehicles distributed by Zawawi Trading Company (ZTC). The auto finance with repayment extending up to 8 years can be availed through a simple and expeditious documentation process.

Hussain Baqer, Head – Retail Assets Sales, said, 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. Bank Muscat is proud to partner with Zawawi Trading Company to extend an attractive deal for Mercedes-Benz 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. Bank Muscat attaches great importance to offering innovative products and services and we are delighted to tailor Sayyarati with this objective in mind for Mercedes customers.”

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 Mercedes-Benz. Notably, the Sayyarati auto loan can be obtained from any of the 135 Bank Muscat branches spread across Oman.

Hussain Baqer added: “Sayyarati remains committed to helping people to own their dream vehicles. By encouraging people to buy top quality vehicles, Bank Muscat seeks to reiterate its commitment to road safety and thereby spread safety and happiness in Oman. Sayyarati is the preferred auto finance facility in Oman, unique in all aspects with unparalleled benefits. With Sayyarati, it is now quicker, easier and more affordable than ever before to own your dream Mercedes-Benz car.”

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 Bank Muscat 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.