As component of the supply, consumers who obtain a new or employed automobile in the course of the supply period and finance it via the bank’s Auto Loan facility will be eligible for interest prices beginning from just four.five per cent per annum, with tenures of up to ten years and fast approvals.
Customers acquiring new automobiles can also avail of the bank’s particular insurance coverage supply with prices beginning from as low as 1.65 per cent per annum. Customers availing of the OAB Auto Loan and Insurance supply will also be presented with a totally free credit card for the very first year.
Rashad al Sheikh, deputy head of Retail Group, mentioned, “Our Auto Loan solution is continuing to grown in reputation amongst our consumers, thanks to its extraordinary flexibility and fast approval procedure. In celebration of Ramadan, we have decided to take it to a new level with the introduction of our new supply.
With this supply we will be offering our consumers with particular interest prices, fast approvals and hassle totally free processing and really particular insurance coverage prices on their newly bought automobile that are amongst the lowest in the industry, amongst other worth-added advantages. This supply will no doubt assist our consumers significantly when acquiring the vehicle of their dreams this Ramadan.”
Running till June 28, OAB will be supplying its consumers auto loans for new and employed automobiles for up to 80 per cent of the worth at a particular discounted price of just four.five per cent per annum. Finance will be accessible for a period of up to ten years, for each Omani and expatriate consumers.
The programme also prides itself on supplying fast processing with initial approvals and hassle-totally free loan processing. Customers acquiring new automobiles beneath the supply will also be supplied with an alternative to insure the automobile with the bank with insurance coverage prices beginning from as low as 1.65 per cent per annum, thereby benefitting from amongst the greatest prices accessible in the industry.
As but yet another worth-added advantage, consumers of the OAB Auto Loan and Insurance supply will also be presented with a Visa Classic Credit Card totally free for the very first year.
Sheikh added, “We wanted to offer something truly special to our customers, which is why we collectively introduced these two offers with flexible features for vehicle finance and insurance. Offers like these also reiterate our commitment to providing our customers with the best options and services at rates considered amongst the best in the market. It is also our way of celebrating ?Ramadan with them as well as expressing our gratitude for their continued loyalty to our bank.”
Oman Arab Bank is a single of the very first banks to be established in Oman, with a wealthy and proud history. Today, the bank operates a nationwide network of 65 branches and representative offices and 148 ATMs spread across the sultanate. OAB offers the full variety of monetary items and solutions for individual banking and corporate and investment clientele.
Information Source: Muscat Daily