Oman Arab Bank has announced a special offer that will run through to June 28, 2018. Car buyers who choose to finance their car purchase by availing of an OAB auto loan will get up to 80% of their purchase value covered by the loan at an interest rate starting from just 4.5% per annum. Interestingly, the loan can extend for up to ten years for both Omani and expatriate alike.
Commenting on the special offer, Rashad Al Sheikh, the Deputy Head of Retail Group said, “Our Auto Loan product is continuing to grown in popularity amongst our customers, thanks to its incredible flexibility and quick approval process. In celebration of the holy month we have decided to take it to a new level with the introduction of our new Ramadan offer. With this offer we will be providing our customers with special interest rates, quick approvals and hassle free processing, and very special insurance rates on their newly purchased vehicle that are amongst the lowest in the market; amongst other value added benefits. This offer will no doubt help our customers greatly when purchasing the car of their dreams this Ramadan.”
In addition to the attractive rate of finance, Oman Arab Bank is also offering insurance on the car beginning from a highly attractive 1.6% pa. Both the loan and insurance are available on the purchase of new or used cars. As a bonus, the bank will also throw in a free credit card for the first year.
“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 the holy month with them as well as expressing our gratitude for their continued loyalty to our Bank,” added Rashad.