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Bank Muscat, Nissan extend attractive Ramadhan offer

MUSCAT, 21 July 2012 -  BankMuscat, the flagship financial institution in the Sultanate, and Suhail Bahwan Automobiles, exclusive distributor of leading Japanese automobile brand Nissan, has launched an attractive Ramadhan offer. The partnership paves the way for exclusive deals on Nissan vehicles, including attractive interest rate on Sayyarati auto loan from BankMuscat and chances to win two Nissan Micra cars. The auto finance with repayment extending up to 8 years can be availed through a simple and expeditious documentation process.

Hussain Baqer, Head – Retail Assets Sales, said: “Oman is home to one of the largest car loving population, which is reflected in the presence of the world's best known auto brands. BankMuscat is proud to partner with Suhail Bahwan Automobiles (SBA) to extend an attractive deal for Nissan customers. Due to strong partnership with leading auto dealers, year on year, Sayyarati auto loan product evokes strong response, significantly enhancing the value proposition offered to customers. BankMuscat attaches great importance to offering innovative products and services and we are delighted to tailor Sayyarati with this objective in mind for Nissan customers."

A key spokesperson from Suhail Bahwan Automobiles commented, “The Holy Month of Ramadhan every year witnesses increased response for new car purchases. In continuation with our initiatives to offer exclusive and value-added solutions, Nissan is back with “Jackpot Offer" wherein customers get a lots of benefits including Free registration, 6 years unlimited mileage warranty, Scratch and Win 2 assured gifts, including Free Service up to Lifetime, Samsung LED TV, Galaxy Tab, Blackberry handsets to name a few. Customers also get free insurance on select models. With this tie-up with BankMuscat for attractive auto finance, we are sure that the overall purchase experience of our customers will be memorable and hassle-free. Moreover, all Nissan customers availing auto finance through BankMuscat will get a chance to win 2 Nissan Micras through grand raffle. Nissan has also launched an exciting range of 10 Sport Edition models loaded with special features to add to the excitement during this Holy Month."

The main features of Sayyarati auto loan include spot approvals, simple documentation, motor insurance funding and lowest monthly payments. Customers are also not required to furnish post-dated cheques. These features make Sayyarati the easy, convenient and completely hassle-free way to own a new Nissan vehicle. Notably, the Sayyarati auto loan can be obtained from any of the 134 BankMuscat branches spread across Oman.

Hussain Baqer added: “We are glad that the feature-packed Sayyarati auto finance complements the attractive Ramadhan offers by Nissan. Sayyarati remains committed to helping people to own their dream vehicles. By encouraging people to buy top quality vehicles, BankMuscat seeks to reiterate its commitment to road safety and thereby spread safety and happiness in Oman."


The documentation of Sayyarati auto loan is simple with only few signatures and details.  The customer has an option to avail motor insurance through the Bancassurance channel of BankMuscat at low premiums. By availing this facility, the customer has the option to add the insurance premium amount to the loan amount and pay in installments. Post-dated cheques are not required and installments are automatically debited from customer's account on a monthly basis. Sayyarati auto loan is available to nationals and expatriates.

To enhance convenience, the Sayyarati office in Wattayah operates on extended timings during Ramadhan. The timings are, Sunday to Thursday, 9.00 am to 1.00 pm and 7.30 pm to 11.00 pm.
Hussain Baqer said: “Sayyarati is the preferred auto finance facility in Oman, unique in all aspects with unparalleled benefits. The Ramadhan offer has the best price deal and lowest interest rate plus additional benefits. We are delighted to make this happen in partnership with Suhail Bahwan Automobiles. It is now quicker, easier and more affordable than ever before to own your dream Nissan vehicle."