In celebration of the Sultanate of Oman’s 54th National Day, Bank Muscat, Oman’s leading financial services provider, has launched its new auto financing offer “Sayyarati” for individuals aspiring to own their dream car. The offer features an attractive interest rate starting from 4.25% p.a. on both new and pre-owned cars, with added benefits including repaying the installments after two months and an extended repayment period of up to 120 months (10 years), instead of 96 months (8 years). This offer is designed to enhance the banking experience for customers looking to benefit from Bank Muscat’s auto financing solutions.
The offer is available to customers working in government, quasi-government entities, and Tier 1 & Tier 2 companies. As part of its commitment to environmental sustainability, Bank Muscat is also offering an additional discounted rate by 0.25% for eco-friendly, hybrid, and electric vehicles. The offer also includes free third-party insurance for pre-owned car financing, a free credit card for the first year, and several other distinctive benefits.
Customers can apply at any of the Bank’s branches across Oman or visit the specialized Sayyarati centers in Al Wataya, Muscat Governorate, and Salalah, Dhofar Governorate.
Commenting on the occasion, Abdullah Tamman Al Maashani, General Manager – Products, Bank Muscat, said: “We are always keen to engage with our valued customers during national celebrations, such as the Sultanate’s National Day, by offering special benefits on our products. Our Sayyarati offer is a direct response to the evolving needs of our customers, providing them with the opportunity to own their desired vehicle with a repayment period of up to 10 years. We are committed to delivering excellent service and helping our customers achieve their goals. I extend my sincere appreciation to all our customers for their continued trust in the Bank.”
To apply for financing, customers are required to submit essential documents, including their ID card (for Omanis), passport (for expatriates), salary assignment letter, car valuation/quotation from an approved evaluator, driving license, Mulkiya (for pre-owned cars), and the seller’s ID (for pre-owned cars).
During the past years, Bank Muscat has been keen to strengthen cooperation and partnership with various auto dealerships and specialized exhibitions across all governorates of the Sultanate in order to provide the best services, provide exceptional offers and exclusive benefits to keep up with customers’ aspirations while emphasizing the completion of transactions in a quick time. The Bank aims to continuously develop “Sayyarati” product and provide exclusive offers that contribute to encouraging community members to own the dream car. For more information and eligibility details about this offer please visit this page: https://www.bankmuscat.com/en/Pages/National-Day-Offers.aspx.
