you may know us as compareit4me
Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Oman Arab Bank - Personal Loan Oman Arab Bank - Personal Loan Minimum Salary: OMR 325 Salary Transfer: No Islamic Finance: No Maximum Term: 12 Years Flat Rate: 4.5% Reducing Rate: 8.1%
Apply Online Now
Fill in your details below and a product advisor will call you back with more details.
At present, you can't apply for this product via yallacompare.com. But don't worry, by filling in the form below we'll help you find other options that you can apply for!
Some required information is not valid
At Oman Arab Bank, we seek to provide you with complete financing solution for all your needs. You may wish to go on a memorable holiday, plan your dream wedding, pay for your children's education, or even yours. Whatever you wish to pursue, Oman Arab Bank is committed to fulfill your dreams.
Features
  • Omani nationals and expatriates aged 18 and above
  • Minimum monthly salary OMR 325 for Omani nationals and OMR 500 for expatriates.
Documents Required
  • Must hold a valid Omani ID or resident card
  • Copy of passport or visa – for expatriates.
  • Price quotation from a car dealer
  • Transfer of salary to any Oman Arab Bank branch
  • Salary certificate from employer
  • End of service benefit – for expatriates.
Eligibility
  • Employees of the age 18 years and above
  • Government Sector Employees
  • Private Sector Employees (company should be listed in the approved list of companies with Oman Arab Bank)
  • Employee tenure of a minimum of 1 year at the current organizations
  • Available for both Omanis and expatriates
** 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 on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
Bank Muscat - Loans for Omani Nationals
Minimum Salary
OMR 1200
Flat Rate
4.3%
ahlibank - MyLoan
Minimum Salary
OMR 300
Flat Rate
4.6%
Personal Loan - HSBCAdvance
Minimum Salary
OMR 700
Flat Rate
4.6%
Bank Dhofar - Personal Loan
Minimum Salary
OMR 350
Flat Rate
4.5%