(MENAFN- Muscat Daily) Oman Arab Bank recently launched a special Ramadan offer for auto financing.
The offer will be valid throughout the holy month of Ramadan and continues until August 31.
Under the promotion period customers applying for auto finance will be entitled to a special discounted reducing interest rate of 4.5 per cent per annum which is equivalent to a fixed rate of 2.5 per cent. The offer also guarantees instant approvals (during Ramadan) and a tenor of up to ten years.
In addition to the above customers applying for the car loan will also be entitled for a special personal loan interest rate and a free credit card with no annual fee.
This offer is available for Omani nationals and expatriates working in the public and private sectors.
Speaking about the scheme Fahd Amjad GM Retail Banking OAB said 'We aim to be the finance partner for all prominent car brands in Oman by offering the most complete auto finance to our customers. Our staff are available on-site in many showrooms where customers can apply digitally for an instant car loan approval. This is our gift to customers wishing to purchase a car in the holy month of Ramadan.'
Haseeb Iqbal senior manager Retail Assets OAB said 'OAB is looking to provide an unmatched customer experience through our new auto loan offer. With your ID card and a car quotation the application can be processed within one hour. So our rates are competitive and our services efficient. What's more the offer even caters to customers for used cars.'
OAB is currently on a transformational mission to digitalize its services for clients in Oman. Oman Arab Bank is a leading bank in the sultanate and it proudly operates in 67 branches and offices more than 120 ATMs and deposit machines across the sultanate.
The bank offers a wide range of banking products and services to its valued customers through retail corporate and investment banking operations.
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