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Fees and Charges - Personal Loans and Overdrafts

Personal loans for customers

 

Personal loan

Car
loan

Home
loan

Overdraft

Interest rate (Contact your branch for prevailing interest rates)

 

Insurance

Credit life insurance

0.0375% p.m#*

0.0375% p.m#*

Premium payable

N/A

 

(Minimum insurance charge - OMR 20.)

 

Building insurance

N/A

N/A

0.06% p.a Rebuild value

N/A

 

Processing fee

NIL

NIL

Up to 1%

NIL

 

Issuance of certificates

OMR 2

OMR 2

OMR 2

OMR 2

 

Instalment suppression fee (other than Eid suppressions)

OMR 5

OMR 5

N/A

N/A

 

Full/partial pre-payment of loan (Min prepayment OMR 1000)

1% of the Pre-paid amount

1% of the Pre-paid amount

1% of the Pre-paid amount

N/A            

 

Charges

Outstanding Balance Certificate

OMR 2

 

Notes:

# prevailing rates
* STATUS and Premier customers get 25% discount on Life insurance for Personal loans & Car loans.

For Personal Loans & Car Loans insurance is collected in advance for the entire tenure of the loan

For Home Loans premium amount depends on the age and health condition of the customer