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Bank Muscat baituna home finance with 6-month repayment holiday a big hit

MUSCAT, 30 September 2015 – The first-of-its-kind home finance offer launched by Bank Muscat granting customers the option to buy their dream home and start repayment in 2016 has evoked big response across the Sultanate. The limited period offer was launched by the flagship financial services provider in step with its 'Let's Do More' vision and commitment to partnership in facilitating a home for every family. The attractive offer is available for purchasing ready homes and apartments across Oman with add-on benefits, including free Home Contents Insurance worth RO 13,500.

baituna facilitates access to prime residential projects in Oman as all leading property developers are associated with the bank. The attractive features of baituna home finance include low interest rates with maximum loan tenure up to 25 years for Omani customers. The low interest rate is a big attraction to avail the best home finance deals in the Sultanate. Citizens and residents can obtain easy and convenient credit approval across the bank's 140 branches and dedicated baituna centres in the Sultanate.

Bank Muscat reckons the real estate sector as a major component of the national economy and is committed to extending all possible support to achieve the objective of a 'home for every family', especially youth. baituna home finance is tailored to offer citizens and residents easy access to mortgage finance, thereby contributing to revitalisation of the real estate sector and enhancing its role in the national economy. The attractive home finance offer with repayment holiday is positioned to give a boost to the real estate sector and benefit citizens across Oman to fulfill their dream homes. 

baituna offers convenient mortgage plans to suit everyone's needs with simplified documentation, flexible repayment options, insurance coverage and processing across the bank's extensive network of branches and dedicated centres. Omani and GCC nationals can avail baituna finance for purchase and construction of new homes as well as land for residential use while expatriate customers can avail home finance for properties in integrated tourism complex. The bank also undertakes refinancing of home finance.

The baituna tie-up with leading property developers include The Wave Muscat, Al Argan, Bader Al Qurum, Bader Al Hamra, The Links, Dar Al Zain, Zain Properties, Yassmin Complex Taameer, Muscat Hills, National Mass, Vintage Modern, Evening Homes, Omani Homes, Palm Residence, Bait Yousif, Arabian Properties, Al Nujoom, Al Firdous and Amlak with the list of tie-ups continuously growing. Offering finance for a gamut of requirements, Bank Muscat fulfills the aspirational needs of people.