| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
National Bank of Oman - Mustaqbali
|
Minimum Balance: OMR 250 | Annual Fee: OMR 0 | Internet Banking: No | Features: No Salary Transfer |
Opening your first bank account has never been easier!
If you’re a student between the ages of 18 and 25 years and planning to pursue your graduate degree, National Bank of Oman offers the ideal savings account to help you achieve your goals. Mustaqbali Account will make it easier for you to achieve your savings goals and secure your future.
Features:
Eligibility:
If you’re a student between the ages of 18 and 25 years and planning to pursue your graduate degree, National Bank of Oman offers the ideal savings account to help you achieve your goals. Mustaqbali Account will make it easier for you to achieve your savings goals and secure your future.
Features:
- Free debit card.
- Bank on-the-go.
- Freedom from fees.
Automatic entry into the Al Kanz prize draws (subject to fulfilling the Al Kanz eligibility criteria).
As a Mustaqbili account holder, you can also plan for your future with special discounts on loans offered to full-time students or employed youth.
Full-time students:
- Student Loans at special discounted rates without any processing fee.
- Loans will be based on parents’ salary account/s with National Bank of Oman.
Employed youth:
- Get a National Bank of Oman Education Loan with attractive discounted rates.
- Loans will be given against your salary account with National Bank of Oman.
- Get a Personal Loan with a discount of 0.25%.
- Get a Housing Loan with a discount of 0.25%.
- Get a free credit card for the first year.
- An initial opening balance of OMR 10 is required.
- Applicants must be between the ages of 18 and 25 years.
- Applicants must be able to show proof of employment of full-time enrolment in an educational institution.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
