Oman- Ahlibank unveils special auto finance scheme for Ramadan

2015-06-17 04:19:46

(MENAFN- Muscat Daily) Al Hilal Islamic Banking services the Islamic window of ahlibank unveiled an exclusive Ramadan Festive Auto Financing Promotion at its headquarters on Monday.

Customers applying for auto finance under the promotion will be entitled to discounted rates of 3.99 per cent for 12 months and 4.49 per cent beyond 12 months without the need for any salary statement.

Some of the other major attractions are that the customer need not have an ahlibank account. The scheme also guarantees instant approvals till midnight (for Ramadan) up to RO50000 and a long tenor of up to seven years.

Customers have the option to pay through postdated cheques instead of salary transfers. Speaking about the scheme Lloyd Maddock CEO ahlibank said 'The Ramadan Festive Auto Financing Promotion underlines ahlibank and Al Hilal Islamic Banking Services' commitment to our strategy that hinges on customer service. We believe in building a close relationship with our customers and appreciate their trust in us. We hope this exciting promotion will brighten up our customers' festivities this Ramadan and Eid.'

He added that the scheme guarantees customers to make a quick purchase decision. 'Our auto financing product provides customers with an extremely fast and hassle-free financing solution on the most flexible terms when purchasing the automobile of their dreams. The Ramadan auto financing promotion scheme also offers customers a level of financial flexibility that will be nearly unparalleled in the market.'

Zeeshan Mustafa head product development retail banking said that this is the first time that the bank is offering such a scheme for Ramadan. 'Our sales people will be at the various showrooms and as a customer likes a car documents like application form ID Card and car quotation will be sent to us. Our staff will process the amount at the earliest' Mustafa said adding that the minimum salary for an Omani and non-Omani to avail the service must be RO300 and RO750 respectively.

The promotional scheme will be valid till Eid.

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