Oman Arab Bank Announces Its First Car Loan Package With The Lowest Interest Rates In Oman
Muscat, March 13th 2023 – With Ramadan on the horizon, Oman Arab Bank (OAB) customers can now rev their engines rather than budgets thanks to the bank’s new attractive car loan package. Offering the most competitive and affordable prices on some of the most desirable cars, the package – the first of its kind for the bank – features the best interest rates in the market, starting from 3.75 per cent per annum for two years.
In another first, financing is available for up to 10 years, for both new and pre-owned cars. OAB has also secured special agreements with car dealerships in the Sultanate for discounted rates on their best-selling cars, with a simple, transparent and easy-to-understand process. Credit card fees are also waived for the first year for new customers.
“With market-leading rates and our unique tie-ins with car dealerships, OAB’s first car loan package is responding to the needs of our customers and rewarding them with the best rates on the market, with unique additional benefits,” said Khalid Al Amri, Assistant General Manager & Head of Branch Banking, Retail Banking Division, at OAB. “A car is among the most important purchases our customers will make in their lifetimes and we want to be with them every step of the way, helping them to invest in their futures, while balancing their finances.”
Customers taking out the car loan package can also keep cool with the summer months approaching by availing a 65 per cent discount on window tinting and 35 per cent off other services from Car Lab.
To access the offer, which is available until 31 May 2023, customers need to have their salaries transferred to OAB. Customers can visit their nearest branch to apply. The bank has ensured that its car loan process is optimized for faster turnaround for customers.
For more information on the car loan package, including full rates and conditions, please visit www.oman-arabbank.com.
