MUSCAT, 3 February 2016 – Bank Muscat, the flagship financial services provider in the Sultanate, has made its presence at Muscat Festival a rewarding experience for visitors with attractive campaigns linked to products and services. In step with its 'Let's Do More' vision and commitment to partnership in events of national importance, the bank has lined up unique personal finance offerings at the main festival venues in Al Amerat Park and Naseem Garden.
The range of offers available only coinciding with Muscat Festival include special interest rate on personal loans; 6 months payment holiday on home loans; 1 year short-term finance for 20 per cent down payment for vehicle finance and quick disbursement.
Aimed at simplifying and enhancing convenience to help customers meet their financial requirements, Bank Muscat is offering personal finance at 4.5 per cent for Omanis and 5 per cent for expatriates. The exclusive opportunity reiterates the bank's commitment to extending the helping hand to fulfill the financial needs of customers. This is the first time a finance offer of this kind with a range of add-on benefits is being made available to the largest banking family in Oman.
The attractive baituna home finance at 4.25 per cent provides customers the unique option to buy their dream home and start repayment after six months. Committed to extending all support to achieve the objective of a 'home for every family', especially youth, the baituna 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 facilitates access to prime residential projects in Oman as all leading property developers are associated with the bank. The unique 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 branches and dedicated baituna centres in the Sultanate.
The Sayyarati auto finance available at low interest rates starting from 4 per cent is an opportunity for customers to buy the latest 2016 models. The Sayyarati package also includes 1 year short-term finance at 3 per cent to avail the 20 per cent down payment for vehicles. Sayyarati financing is available for up to 8 years for new and used vehicles, along with the lowest monthly payment option, on-the-spot approvals and motor insurance with low premiums.
Notably, customers are also not required to furnish post-dated cheques, making Sayyarati the easy, convenient and completely hassle-free way to own a new car. Payment installments are automatically debited from customer account on a monthly basis. Customers can visit any auto dealership or Bank Muscat branches to avail Sayyarati finance.
During the festival, which runs till 13 February, the Bank Muscat services, especially ATMs are available at the main venues, serving as a boon to the large crowds visiting Oman's tourism and cultural showpiece. On average, 2 million visitors, including foreign tourists, visit Muscat Festival every year.
Over the years, Bank Muscat has extended support to Muscat Festival and remains committed to ensuring the success of the most celebrated tourism and cultural event in Oman. Bank Muscat aims to fulfill its commitment to national initiatives, uniting citizens and residents in sharing the good times and discovering the joy of being connected. The Muscat Festival partnership is an earnest attempt by the bank to propagate the core family values held dear by Omanis.
Bank Muscat's presence in the event also highlights its role in facilitating the exchange of traditions and culture between nations. The bank attaches importance to extending support to preservation of Oman's rich heritage and culture, thereby familiarising people, especially youth and children, with the country's glorious legacy. The ethos of national events like Muscat Festival runs parallel to the stated objective of Bank Muscat in serving the nation as the banking partner of choice. While Muscat Festival showcases varied expressions of Omani heritage and culture, Bank Muscat utilises the occasion to help people understand, appreciate and preserve Oman's rich legacy.
Muscat Festival serves as a window to Oman's heritage and culture, offering numerous avenues for fun and entertainment for children and families. The participation of Bank Muscat complements in making the festival a memorable experience.