Bank Muscat offers special interest rates to first-time borrowers

by | Aug 28, 2022 | 0 comments

MUSCAT – Bank Muscat has announced the availability of financing options with special reduced rates for first time borrowers. The special rates are meant for customers with salaries RO 1,000 and over who have either recently opened an account with Bank Muscat or those Bank Muscat customers who have accounts but have not availed any loan facilities before. Customers should be employed in Government, Quasi-government or approved private sector (Tier 1) organisations to be eligible.

Bank Muscat launched the special offer after extensively analysing customer feedback and loan booking data, which is once again a demonstration of its commitment to customer-centricity.

Available to employees of government and quasi-government institutions as well as select private-sector (Tier 1) companies, the special offer includes highly-competitive interest rates of 4.25 percent for Baituna Home Loans and 4.5 percent for Personal Finance
for loan tenors over 48 months. For more details, customers can go to or call 24795555.The bank added that customers can visit its Baituna sales centres in Qurm, Maabelah, Barka, Sohar, Saham, Sur, Ibra, Nizwa, Ibri, Buraimi and Salalah or any Bank Muscat branch across Oman for more information as well as to apply for Baituna. Baituna, which is well known for its prompt processing, documentation and prompt disbursal, can be used to construct or purchase new homes as well as to buy land for residential construction. The bank offers Baituna Home Loans up to RO 500,000 and for up to 25 years to eligible customers.

At the same time, customers who require personal finance can visit their nearest Bank Muscat branch with the required documents including a salary transfer letter from their employer and their ID cards, which will ensure speedy processing of their applications. Financing up to RO 200,000 is available to customers based on fulfillment of the eligibility criteria. As the leading financial services provider in the Sultanate for the last four decades, Bank Muscat has the largest banking network in Oman with 146 retail banking branches and over 800 ATMs, CDMs and FFMs.

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