Personal loans for customers
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Personal loan |
Car |
Home |
Overdraft |
Interest rate (Contact your branch for prevailing interest rates) |
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Insurance |
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Credit life insurance |
0.0375% p.m#* |
0.0375% p.m#* |
Premium payable |
N/A |
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(Minimum insurance charge - OMR 20.) |
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Building insurance |
N/A |
N/A |
0.06% p.a Rebuild value |
N/A |
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Processing fee |
NIL |
NIL |
Up to 1% |
NIL |
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Issuance of certificates |
OMR 2 |
OMR 2 |
OMR 2 |
OMR 2 |
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Instalment suppression fee (other than Eid suppressions) |
OMR 5 |
OMR 5 |
N/A |
N/A |
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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 |
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Outstanding Balance Certificate |
OMR 2 |
# 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