go back

BankMuscat mobile ATM extends services at doorstep of customers

MUSCAT, 21 May 2012 – BankMuscat’s Banki mobile ATM unit, as part of the flagship financial services provider’s commitment to extend banking services at the doorstep of customers, is  presently visiting various regions of Oman, highlighting the latest offers on Baituna home finance and Sayyarati vehicle loan products. The campaign aimed at facilitating banking services in remote areas was flagged off  by Abdullah Tamman al Mashani, AGM - Direct and Institutional Sales.

Abdullah Tamman al Mashani said: “Firmly positioned to serve all households in Oman, BankMuscat focuses on serving the largest banking family in Oman with superior products and services. BankMuscat remains committed to excellence in providing innovative banking solutions to all, inspired by the challenges that lie ahead and looking forward to growing together with the nation as one family.”

BankMuscat recently reduced the home loan interest rate to a range between 4.75 per cent and 7 per cent and increased the maximum loan tenure for Omani customers from 25 years to 30 years. For expatriate customers, the maximum loan tenure has been increased from 20 years to 25 years while the interest rate has been reduced to a range between 4.75 per cent and 7 per cent.


With extended loan tenure and low interest rate of 4.75 per cent, BankMuscat offers the best home loan deals in the Sultanate as part of its commitment to provide a ‘home for every family’. Citizens and residents can also benefit from easy and convenient loan approval process, waiver on credit card annual fee and comprehensive insurance coverage. The baituna loan can be processed in any of the Bank’s 131 branches across the Sultanate.


‘baituna’ home finance facilitates purchase and construction of new homes as well as land for residential use. Finance is offered to Omani nationals, GCC nationals and expatriates. The Bank also undertakes refinancing of housing loans.


Sayyarati is reckoned the preferred car financing option in Oman. The feature-packed Sayyarati finance complements the attractive offers by leading car dealerships. Sayyarati offers low monthly repayment option as well as attractive interest rates for customers. The main attractions of Sayyarati offer include spot approvals, simple documentation, funding up to seven years, 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 car. Notably, the Sayyarati auto loan can be processed at any of the 131 BankMuscat branches spread across Oman.


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 BankMuscat 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 also not required and installments are automatically debited from customer’s account on a monthly basis. Customers can visit any auto dealership or BankMuscat branches to avail Sayyarati auto loan offered to nationals and expatriates.