Bank Sohar Introduces Ramadan Auto loan Offer
As part of its Ramadan related initiatives and in line with its customer focused strategy, Bank Sohar introduces this year’s Al Mumayaz Auto Loan Ramadan Promotion. Ensuring loan approval within an hour’s time, interest rates starting from only 4.5% p.a., grace period for the commencement of the loan repayment up to Eid Al Adha, and many other features and benefits, the special Ramadan Promotion will also offer customers very attractive rates on motor insurance as well as a credit card, free of charges for the first year, based on eligibility.
Commenting on the Al Mumayaz Auto Loan Ramadan Promotion, Mr. Khamis Masoud Al Rahbi, Senior AGM and Acting Head of Retail Banking, Bank Sohar said, “Stemming from our strong belief that customers are the primary pillars of any organization, we continue to evolve and introduce services that can cater to their requirements. As with every year in the holy month, we have come to expect offers from all the various sectors within the industry and more so on the auto front. In order to allow our current and potential customers to utilize on such limited time offers, we continue to introduce innovative and packaged deals, which also allow us to stay in line with the competition and continue our path to banking excellence. With customer convenience as one of the top priorities, we have also set an evening counter to cater to clients from 8:00PM to 11:00PM at our Qurum Branch.”
The Bank’s Al Mumayaz Auto Loan Ramadan Promotion will be available throughout the Holy month, concluding on July 31st and will continue to offer both Omani and expatriate customers interested in purchasing new or used vehicles, all the other benefits and features they have been accustomed to such as no requirement for a salary transfer as loans can be granted against post-dated cheques and financing of up to 80% of the vehicle’s value. Finance is available for a maximum tenure of seven years for new vehicles and five years for used vehicles and there is no medical requirement for insurance of loans up to a certain limit
In addition to these benefits, customers applying for an auto loan through Bank Sohar will also be entitled for a Bank Sohar Excel Visa Credit Card with the first year free of charge. The type of card; either Platinum, Gold or Classic, will be issued based on salary eligibility and will come with all of the benefits associated with any Excel Credit Card including Travel Insurance, Purchase Protection, Zero Lost Card Liability, Free Priority Pass and online shopping security via Verified by Visa, and much more.
Together with its Al Mumayaz Auto Loan and other market leading retail products and services, Bank Sohar provides an extensive network of 29 conventional branches with 57 ATMs across the Sultanate. In addition, Bank Sohar customers can also avail of convenient cash withdrawal services at over 1,000 ATMs across the country operating under the ‘OmanNet’ platform. The Bank’s ATMs at Buraimi and Shinas border continue to operate with the ‘Dirhams Dispensing’ facility; thus adding immense convenience to businessmen who travel and transact business across the border on a regular basis, as well as to customers who visit the United Arab Emirates. The Bank’s customers enjoy the advantage of a Cash Deposit facility at all branch ATMs as another value-added service. In addition, the Bank’s E-channels, encompassing SMS banking, internet banking services and a specialised mobile banking application for Android and iPhones, allow customers to access their bank anytime and from anywhere.
For more information on Bank Sohar, please visit www.banksohar.net or call 24730000. You can also follow the Bank on Facebook at www.facebook.com/excel.banksohar, on Instagram at www.instagram.com/banksoharexcel or join the conversation on Twitter @banksohar_excel.