News Column


August 24, 2014

Bank Muscat has extended its Sayyarati auto loan campaign launched during Ramadan till August 31, a press release said. The main features of Sayyarati auto finance include low monthly payment options, low interest rates, financing up to eight years for new vehicles, on­the­spot approvals and motor insurance funding with one of the lowest monthly payments in the market. Customers are not required to furnish post­ dated cheques, making Sayyarati an easy, convenient and has­ sle­free way to own a new car. Notably, Sayyarati finance can be obtained from any of the 137 Bank Muscat branches spread across Oman.

Amjad al Lawati, head of products and service management, said, "Due to strong customer demand, Bank Muscat is extending the Ramadan offer on Sayyarati, which is the preferred auto finance facility in Oman, unique in all aspects with unparalleled benefits. The 2014 Ramadan offer features various benefits such as attractive interest rates and a facility to pay only interest during the first three months instead of full instalments, thus making it easier and more affordable to own one's dream vehicle without undue finan­cial pressure. There are a host of extra value­added benefits."

Year on year, Sayyarati evokes strong response, significan­tly enhancing the value proposition offered to customers, who also have the option of availing motor insurance at a low pre­mium through the bancassurance channel of Bank Muscat. Post­dated cheques are not required and instalments are automatically debited from the customer's account on a monthly basis. Customers can visit any auto dealership or Bank Muscat branch to avail Sayyarati auto loan offered to both nationals and expatriates.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Week, The (Oman)

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters