Bank Sohar SAOG House Loan
|Minimum Salary needed||Not mentioned|
|Maximum amount available||Not mentioned|
|Length of Loan||25 years|
|Profit Rate||Interest rate of 5.49% per annum|
|Upfront Fees ( if any )||Not mentioned|
|Eligibility||Finance up to 80% of the property value; Minimum age of availing loan is 18 years; Maximum age at the time of loan maturity is 60 years.; This offer is exclusively for the Omani employees of government,
semi-government or private sector companies in the bank’s list of approved companies, who meet minimum requirement criteria
|Main Features||Life insurance coverage options; Multiple options are available to pay insurance premiums; Grace period up to 18 months; Joint borrower facility; Interest rates are fixed for a period of two years and reviewed thereafter|
Oman’s banking landscape is ruled by a few stable institutions. One of them is Bank Sohar Muscat. By market capitalization is the largest bank in Oman with solid asset base of more than $ 3.5 billion.
Bank Sohar is a broad-base shop tailored to meet all your banking needs. It has a diverse client base that includes both the retail and corporate segments. Additionally, the bank has flair of excellence in all its endeavors and that is the reason it is leading the park in the adoption and implementation of modern information and banking technology and innovation.
Moreover, Bank Sohar has a vibrant presence in the corporate financing sector due to its driving influence in the sultanate’s economic prosperity.
We have very few ancient cities throughout the Middle East that have been able to survive the crucial test of time and generational transformation to remain significant in this modern generation. One such city is Muscat, which acts as Oman’s capital and principal commercial center.
Having attained a soaring population of 1.2 million and above, Muscat is on a steady path of renaissance that is slowly catapulting it to new planes of commercial importance in the Arab world and the larger Middle East region.
At present, there is an economic upsurge and a positive trend of modernization that cuts across major industries, including porting and oil.
This is our custom-made solution that is intended to help you achieve one of your most important dreams, that is, to own your own home.
Main features and benefits:
- You can use it to construct or purchase a residential property;
- Purchase residential land;
- Transfer an existing home loan;
- Get finance to furnish your home;
- Lower interest rates;
- Financing of up to 80% of the property value;
- Faster and simpler application process;
- Joint borrowing facility;
- Repayment period of up to 25 years;
- A grace period of up to 18 months; and
- Life insurance cover option.