As part of its Ramadhan initiatives and in line with its customer-focused strategy, Bank Sohar has introduced this year’s Al Mumayaz Auto Loan Ramadan Promotion.
Loans can be granted against post-dated cheques and financing provided for up to
80% of the vehicle’s value. Loan approvals are finalised within an hour’s time, and interest rates start from 4.5% per annum. A grace period for the commencement of loan repayment can be extended up to Eid Al Adha. The Ramadhan promotion also offers customers attractive rates on motor insurance as well as a credit card, free of charges for the first year, to eligible car owners.
Customers applying for an auto loan
through Bank Sohar will also be entitled for a Bank Sohar Excel Visa credit card with the first year free of charge. The type of card - Platinum, Gold or Classic - will be based on salary eligibility
and will come with all of the benefits associated with any Excel credit card.
Khamis Masoud Al Rahbi, Senior AGM and Acting Head of Retail Banking, Bank Sohar said, “Stemming from our strong belief that customers are the primary pillars of any organisation, we continue to evolve and introduce services that can cater to their requirements. As with every year in the holy month, we have come to expect offers from all the various sectors within the industry and more so on the auto front.
"In order to allow our current and potential customers to utilise on such limited time offers, we continue to introduce innovative and packaged deals, which also allow us to stay in line with the competition and continue our path to banking excellence. With customer convenience as one of the top priorities, we have also set an evening counter to cater to clients from 8pm to 11pm at our Qurum branch.”
Interested?
The Al Mumayaz Auto Loan Ramadan Promotion will be available throughout Ramadhan and will conclude on July 31. It is open to both Omani and expatriate customers interested in purchasing new or used vehicles. Financing is available for a maximum tenure of seven years for new vehicles and five years for used vehicles.