Excellence is realizing your dreams!
Everyone has a dream –a wonderful wedding, an exotic holiday, plans for higher education… No matter what your dreams are, with Bank Sohar’s Personal Finance Solutions you can realize them with absolute ease and peace of mind.
Customized to meet your financial needs, facilities are available for personal finance solutions for all Omani residents and nationals receiving regular income through employment or business, as well as for non-resident Omani nationals working or engaged in businesses abroad.
Unique Features & Benefits
- Lower monthly installments
- Longer repayment tenures
- Flexible repayment plans
- Higher loan amounts based on income
- Loan top-up facility to meet additional financial requirements
- Life Insurance cover at affordable premium rates
- Simplified documentation and speedy processing
- Option to start the repayment after 2 months
- No medical test required for loan exposure up to OMR 100,000
- Receive a free credit card for the 1st year
With Bank Sohar’s Personal Finance Solutions, you also have the option of transferring your existing loan amounts with other banks to Bank Sohar in order to utilize on our longer repayment tenures. Moreover, our comprehensive Life Insurance cover ensures that your family is protected from the repayment liability in case of any unfortunate event during the loan tenure.
- The promotion is applicable for Omani customers (only new customers) with minimum salary of OMR 500.
- Maximum Tenor of Loan will be 10 years ( Excluding permissible two EID waivers per year).
- Debt Service Limits would be as per CBO guidelines (50% for customers without Housing Loan & 60% for customers having Housing Loan).
- Applicable for salary customers employed in Bank Sohar’s approved list of companies.
- Premature closure of loan accounts would be as per CBO guidelines.
- The Bank Sohar Excel Credit card is free of charge for the first year & type of card will be based on salary.