Any person who is between the ages of 18 – 60 and is employed in either the Government sector or the Private sector (the private sector company should be listed in the approved list of companies with Oman Arab Bank)
What is the interest rate I pay?
The current interest rate of 8% per annum. However, you can always check with you branch for periodic offers.
What is the maximum repayment period?
Normally, you can repay your loan within 120 months. However, this period can go up to 144 months
What is the minimum salary to apply for a Personal Loan?
RO 300/- is the minimum salary for a personal loan.
Can I increase my loan limit after availing the Personal Loan?
Yes you can. You only have to pay six installments of your existing loan, before topping up your loan
Can I waive the installments during Eids?
Customers who have a repayment period below 10 years can have their installments waived during Eids (i.e. twice a year)
Do I need life insurance if I apply for a Personal Loan?
Yes. Life insurance is mandatory and will be arranged by the bank.
