|Minimum Balance||Annual Fee||Internet Banking||Features|
|Oman Arab Bank - Hassad Smart Family||Minimum Balance: OMR 400||Annual Fee: OMR 100||Internet Banking: No||Features: No Salary Transfer|
Hassad Smart Family account is the savings account entiteling the account holder to enter a draw to win cash prizes, the cash prize draw scheme changes from time to time to make it more exciting for customers.
- Individual Omanis and non-Omanis who are above 18 years old with minimum balance of RO. 100 in their Hassad savings account.
- A complete Account Opening application form.
- For Omanis: copy of a valid ID Card.
- For non-Omanis: copy of a valid Passport with valid Visa and copy of a valid Residence Card.
** 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.