MUSCAT, 5 August 2015 – Bank Muscat, the flagship financial services provider in the Sultanate, in view of strong customer response, has extended till 31 August a feature-packed automobile finance campaign launched during the Ramadhan season. The Sayyarati auto finance is available at low interest rates starting from 3.5 per cent to 4.5 per cent on a reducing balance basis which is equivalent to 1.91 per cent to 2.41 per cent on a flat basis.
The Sayyarati Ramadhan package includes financing up to 8 years for new and used vehicles, the lowest monthly payment option, on-the-spot approvals and motor insurance with low premiums. 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. Notably, Sayyarati finance can be obtained from any of the 140 Bank Muscat branches spread across Oman. This offer comes as a boon for newly recruited employees in government and quasi-government sector who can avail the auto finance if they have been employed for 1 month and 3 months in the case of employees of approved private sector companies.
Unique in all aspects with unparalleled benefits, Sayyarati is the preferred auto finance facility in Oman for both citizens and expatriates. The Ramadhan offer includes various unique benefits, making it quicker, easier and more affordable to own one's dream vehicle.
Due to strong partnership with leading auto dealers, Sayyarati significantly enhances the value proposition offered to customers, including motor insurance at low premium through the bancassurance channel of Bank Muscat. Post-dated cheques are not required and 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 auto finance offered to citizens and residents. Oman is home to the world's best known auto brands. By encouraging people to buy top quality vehicles, Bank Muscat reiterates its commitment to road safety, thereby spreading safety and happiness in Oman.