Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
Personal Loan - HSBCAdvance Personal Loan - HSBCAdvance Minimum Salary: OMR 700 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 10 Years Flat Rate: 4.6% Reducing Rate: 8.28%
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Here's what you get:

  • No Insurance required in case of an unfortunate event of loss of life or permanent disability, your loan will be covered completely
  • Interest Rate of 4.6% p.a1
  • Loan amounts up to OMR 80,0003
  • Eid Waiver Option - defer your monthly instalment up to two times a year during Eid
  • Minimum balance waiver - get a HSBC current account with no minimum balance requirement

More great benefits:

  • Flexible repayment periods - from 12 to 120 months
  • Loan Buy-Out Facility - transfer your existing loan with another bank to HSBC
** 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
Bank Dhofar - Personal Loan
Minimum Salary
OMR 320
Flat Rate
4.5%
ahlibank - MyLoan
Minimum Salary
OMR 300
Flat Rate
4.6%
Oman Arab Bank - Personal Loan
Minimum Salary
OMR 325
Flat Rate
4.5%
Bank Muscat - Loans for Omani Nationals
Minimum Salary
OMR 1200
Flat Rate
4.3%