MUSCAT, 09 September 2017 – Complementing government efforts as part of national development objectives, Bank Muscat, the flagship financial services provider in the Sultanate, is committed to facilitating a 'home for every family', especially youth.
In step with the bank's 'Let's Do More' vision, baituna home finance offers the most convenient mortgage plans to suit everyone's needs with simplified documentation and flexible repayment options. The popular home finance facilitates access to prime residential projects in Oman as all leading property developers are associated with the bank.
The attractive features of baituna 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 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'. The attractive home finance is positioned to give a boost to the real estate sector and benefit citizens and residents across Oman to fulfill their dream homes.
baituna home finance stands out 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 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, Saraya Oman, Muriya, 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.
The residential segment in Oman assumes importance in light of the growth in population as well as the developing economy. The property ownership rights to GCC nationals and expatriates has attracted Oman as an investment destination.
During the last 35 years since its inception in 1982, Bank Muscat has been closely associated with the progressive march of the nation. Bank Muscat offers the complete range of innovative banking products and services benefiting the largest banking family in Oman. A keen perception of customer requirements enables the bank to develop innovative products and services in line with the current and emerging needs, and thereby emerge as the bank of first choice in Oman.