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Bank Muscat, Mercedes-Benz join hands to extend attractive Ramadhan offer

MUSCAT, 17 July 2012 –  BankMuscat, the flagship financial institution in the Sultanate, and Zawawi Trading Centre, authorised sales agent of leading German luxury auto brand Mercedes- Benz, have for the first time joined hands to extend an attractive Ramadhan offer. The partnership paves the way for exclusive deals on Mercedes-Benz vehicles, including attractive interest rate on Sayyarati auto loan from BankMuscat. The auto finance with repayment extending up to 8 years can be availed through a simple and expeditious documentation process.

Amjad Iqbal Hassan Al Lawati, Head – Products & Services, 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. BankMuscat is proud to partner with Zawawi Trading Centre 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. BankMuscat attaches great importance to offering innovative products and services and we are delighted to tailor Sayyarati with this objective in mind for Mercedes customers."

Sarah Chaplin, Acting Head of Sales & Marketing, New & Pre-Owned Cars, said: “Zawawi Mercedes-Benz is committed to elevating the customer experience to new heights in Oman. With this attractive, affordable and convenient offer, together with BankMuscat we are offering great value to customers in the Sultanate and helping people to realise the dream to live 'The Best or Nothing' Mercedes-Benz lifestyle."

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 134 BankMuscat branches spread across Oman.

Al Lawati added: “We are glad that the feature-packed Sayyarati auto finance complements the attractive Ramadhan offers by Mercedes-Benz. Sayyarati remains committed to helping people to own their dream vehicles. By encouraging people to buy top quality vehicles, BankMuscat seeks to reiterate its commitment to road safety and thereby spread safety and happiness in 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 not required and installments are automatically debited from customer's account on a monthly basis. Sayyarati auto loan is available to nationals and expatriates.

To enhance convenience, the Sayyarati office in Wattayah operates on extended timings during Ramadhan. The timings are, Sunday to Thursday, 9.00 am to 1.00 pm and 7.30 pm to 11.00 pm.
Al Lawati said: “Sayyarati is the preferred auto finance facility in Oman, unique in all aspects with unparalleled benefits. The Ramadhan offer has the best price deal and lowest interest rate plus additional benefits. We are delighted to make this happen in partnership with Zawawi Trading Centre. It is now quicker, easier and more affordable than ever before to own your dream Mercedes-Benz car."