| Overview |
| A cost effective
and customized financial solution to meet the financial needs of a
family with a comfort a of embedded security. |
| Who can avail this facility |
 |
Resident family members with joint/multiple income source through employment or business. |
|
All non-resident family members of Omani nationals working or engaging in business abroad. |
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| Features |
|
Competitive interest rates. |
|
Longer repayment period. |
|
Option to postpone the repayment
installments in case of need. |
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Higher loan entitlement directly linked to the income and repayment capacity of the customers. |
|
Consolidated single loan account will be established in the name
or joint names of the earning family members. |
|
Loan top-up facility to meet the financial requirements of the customer from time to time. |
|
Built-in Life Insurance
Cover at affordable premium rates. |
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| |
| Benefits |
|
One single loan account against the multiple income sources. |
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Higher loan amounts. |
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Lower monthly
installments. |
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Option to transfer the existing loan amount to take benefit of lower interest and longer repayment tenors. |
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Option to split the monthly repayments across the earning family members. |
|
The Life Insurance cover ensures
that there is no liability shift to near and dear ones in any unfortunate event during the loan tenure. |
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Simplified documentation and quicker processing time. |
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Family Financial Solutions
