Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Bank Nizwa - Personal Loan Bank Nizwa - Personal Loan Minimum Salary: OMR 300 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 10 Years Flat Rate: 0.0% Reducing Rate: 0.0%
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Features
  • Shari’a-compliant personal finance product
  • Highly competitive profit rates
  • Payment period up to 120 months
  • Financing up to Rial 100,000
  • Long tenures for expats
  • Transparent and fast processing
  • No hidden charges
  • Available to salaried individuals
Eligibility
  • Minimum Age : 18 Years
  • Minimum Salary: Rial 300
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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.
Representative Example Calculator
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Personal Loan - HSBCAdvance
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ahlibank - MyLoan
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Oman Arab Bank - Personal Loan
Minimum Salary
OMR 325
Flat Rate
4.5%