| Minimum Balance | Annual Fee | Internet Banking | Features | |
|---|---|---|---|---|
Oman Arab Bank - Current Account
|
Minimum Balance: OMR 150 | Annual Fee: OMR 0 | Internet Banking: No | Features: No Salary Transfer |
Open a Current Account to suit your personal and business needs and avail of a range of benefits:
Main Features and Benefits:
Main Features and Benefits:
- Flexible repayments.
- Easy and faster processing.
- Tailored to suite your income level.
- Broad-spectrum: it covers various personal dreams such as holidays with your family or education.
- A legal age of 18 years and above.
- Employees of the Omani government or those of institutions approved by the bank.
- Employees should have a tenure at their current work place that is at least one year and above.
- All employees-both Omanis and foreigners.
- Salary transfer letter addressed to the bank.
- National ID card for locals and a valid resident visa for alien applicants.
** 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.
