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Bank Muscat widens avenues for baituna home finance

MUSCAT, 03 September 2014 – Bank Muscat, the flagship financial services provider in the Sultanate, has widened avenues for baituna home finance by signing up with leading property developers in Oman. The attractive option facilitates a wide range for prospective home and commercial space buyers in Oman.

All leading property developers are associated with the bank, hence baituna home finance is available for prime residential projects in Oman, including Al Waha residential units developed by Alargan Towell in the wilayat of Barka, Al Mabelah Residence, Bait Yousif Building, Dar Al Zain - Phase 4, Al Zain, EV Group's Evening Homes in Al Wadi al Kabir, Jasmine complex residential units in Al Khuwair, Vantage residential units in the wilayat of Seeb etc.

baituna home finance is among the lowest interest rate with the maximum loan tenure up to 25 years for Omani customers. With extended loan tenure and the lowest interest rate, Bank Muscat facilitates the best home finance deals in the Sultanate. Citizens and residents can avail easy and convenient credit approval across the bank's 138 branches in the Sultanate.

baituna home finance is designed to help families fulfill their dream homes. baituna offers the most 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.

The residential segment in Oman assumes importance in light of the growth in population as well as the buoyant economy. The deregulation granting property ownership rights to GCC nationals and expatriates has also attracted Oman as an investment destination.

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.

The real estate sector is a major component of the national economy and Bank Muscat is committed to extending all possible support to achieve the objective of a 'home for every family', especially youth. baituna home finance is aimed at offering citizens and residents easy access to mortgage finance, thereby contributing to the revitalisation of the real estate sector and enhancing its role in the national economy.