Bank Muscat launches auto finance with Ramadan options
In line with its customer-centric vision ‘To serve you better, everyday’, Bank Muscat, the leading financial services provider in the sultanate, has launched an attractive Sayyarati vehicle finance offer with the best rates in the market on the occasion of the holy month of Ramadan.
The offer features some of the lowest rates for auto finance in the country and will prove to be of great advantage to customers looking forward to buying a new or pre-owned vehicle during the holy month. Highly competitive short term rates starting at an amazing 3.5 per cent for 12 months are available for customers who need only short term loans.
Sayyarti has some of the best interest rates in the country including 3.75 per cent for up to 2 years, 4 per cent for up to 3 years, 4.25 per cent for up to 4 years and 5 per cent for a loan term of up to 8 years.
Abdullah Tamman al Mashaani, deputy general manager – Institutional Sales and Product Development, Bank Muscat, said, “Sayyarati is a preferred vehicle financing option for people in Oman and we are happy to launch this special Ramadan offer with the best possible terms in Oman after listening to feedback from our customers. This campaign will be particularly helpful for a large number of Omani youth who are entering the job market and require financing facilities. Bank Muscat reiterates its commitment to making vehicle purchases easy and affordable through its excellent financing facilities. What is more we have a finance package available for every customer according to their individual needs and situation.”
Coinciding with the Ramadan auto sales season, the latest Sayyarati offer offers a highly competitive starting interest rate and absolutely no need for post-dated cheques. With its fast turnaround time, the feature-rich Sayyarati finance can be obtained within the shortest possible time. Options available include a loan tenure up to 8 years for new and used vehicles, the lowest monthly payment options in the country and on-the-spot approvals.
The hassle-free Sayyarati finance can be obtained from Bank Muscat branches spread across Oman. Loans up to RO60,000 will be offered for new vehicles and used vehicles. It is important to note that customers availing the Sayyarti offer can enjoy fast processing without any unnecessary paperwork and signing of cheques. Only the following documents are needed to process the loan facility: buyer’s ID card, salary assignment letter, quotation / car valuation from the approved valuator, driving licence, Mulkiya (for pre-owned cars only) and seller 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. With some of the world’s best and safest vehicles available for purchase in the sultanate, the bank aims to do its part to improve road safety and the security of all road users. It is noteworthy that loans are disbursed within 24 hours subject to applicants meeting the concerned requirements.
For more details regarding Sayyarati loans, please go to https://www.bankmuscat.com/en/loans/Pages/details.aspx#sayyarti. Customers can also visit any branch, or Sayyarti Centres at Wattayah and Salalah as well as request Saed sales agents for more information and to apply for a loan.