during the Holy Month of Ramadhan
Bank Muscat’s Sayyarati Auto Finance Option constitutes one of the financing products that appeal to customers. On the occasion of the Holy Month of Ramadhan, Bank Muscat, the leading financial service provider in the Sultanate, commits to providing customers with the best financing offerings to keep pace with the high demand of both new and pre-owned cars and allow these customers to avail the offerings and features provided by various car centers across the country. In this regard, Bank Muscat has launched an attractive Sayyarati auto finance promotion with the best rates in the market that start at just 3.75 per cent on both new and pre-owned cars for Omani nationals and expatriates. With this year’s “Sayyarati” offer, customers may start paying after 2 months of loan disbursal. It must also be noted that Sayyarati has some of the best interest rates in the country including 4 per cent for a period up to 2 years and 4.25 per cent for loan tenors of 3 years and 4.5 per cent for a 4 year loan tenor. Customers can now benefit from the offer by applying for the “Sayyarati” loan financing product online through the Bank’s Internet Banking and Mobile Banking Application.
The special rates are available for Omani individuals employed in government, quasi – government, Tier 1 and Teir 2 companies and expatriates individuals employed in government and quasi-government institutions as well as Tier 1 companies. The “Sayyarati” financing product features multiple advantages including enabling customers to apply for a loan up to RO 60,000 for both new and used vehicles, a tenor up to 8 – 10 years for Omani nationals, and free third-party insurance in case of pre-owned car financing.
On this special occasion, Abdullah Tamman Al Mashani, General Manager, Products, Bank Muscat, said: “Bank Muscat’s Sayyarati is the most popular financing option in Oman and it has received great and positive feedback from customers. Hence, Bank Muscat is always keen to follow up on the latest developments in the sector to meet our valued customers’ needs by continuously launching new features and attractive rates in order to enable our customers to purchase their dream vehicles. We have ensured highly attractive terms and rates during the Holy Month compared to rates offered in the previous year, so that more customers have a chance to benefit from this special offer.”
Abdullah Al Mashani further added: “Bank Muscat is dedicated to keeping pace with the latest advancements witnessed by the banking sector, aiming to satisfy the various needs and aspirations of customers in line with the Bank’s customer-centric vision “To serve you better, everyday.” Due to customers’ positive feedback on the various financing offerings Bank Muscat provides them with, the Sayyarati” financing product comes with attractive and special offers during the Holy month of Ramadhan. Further to this, the Bank takes pride in the strong partnership with the different car dealers available all over the Sultanate to offer customers the best banking facilities and services. Abdullah Al Mashani extended his thanks to all customers for their continuous trust in the banking services and products.”
Customers may apply for “Sayyarati” financing loan online via Bank Muscat’s Internet Banking and Mobile Banking platforms or by visiting the nearest Bank Muscat branch or Sayyarti Centers in Wattayah and Salalah. Customers are also required to submit the relevant documents to process the loan facility, including the ID card for Omanis, passport for expatriates, salary assignment letter, quotation /car valuation from the approved valuator, driving license, Mulkiya (for pre-owned cars only) and seller’s ID card (for pre-owned cars only). The monthly loan installments are automatically deducted from the customer’s account once the mandate to do so is provided to the Bank. It is noteworthy that loans are disbursed within 24 hours subject to applicants meeting the concerned requirements.
As the leading financial services provider in the Sultanate for the last four decades, Bank Muscat has the largest banking network in Oman with 147 retail banking branches and over 850 ATMs, CDMs and multi-use machines distributed across the Sultanate. Customers can also visit the nearest branch, Sayyarti Centres in Wattayah and Salalah, or request Saed direct sales agents for more information and to apply for a loan. For more details regarding Sayyarati loans, please go to https://www.bankmuscat.com/en/loans/Pages/details.aspx#sayyarti.
