National bank of Oman organises car festival weekend

Marking the Holy Month of Ramadan, the National Bank of Oman (NBO) recently organised the Car Carnival Weekend, an event that served as a one-stop shop for people looking to buy a new or pre-owned car. During the Car Carnival held at NBO’s head office, visitors were able to trade in their car, purchase a new vehicle, find the perfect car loan through NBO or Muzn, NBO’s Islamic Banking Window, and get full coverage insurance as well. 

Both NBO and non-NBO customers can currently benefit from lower car loan rates starting from 3.49% per annum. They can also take advantage of a 10% reduced rate on car insurance when applying for a car loan at NBO. Meanwhile, Muzn, NBO’s Islamic Banking Window, also offers better value to its customers via car loans at lower profit rates starting from 4.45% and a two-month installment deferral. 

Tariq Atiq – General Manager and Chief Retail & Digital Banking Officer at National Bank of Oman, said, “We are committed to creating value through transforming and simplifying customer journeys. During Ramadan, many customers are looking for a new or pre-owned vehicle, while many car dealers are offering special discounts and we decided to bring them together by organising this event. Meanwhile, and especially during this meaningful time of the year, National Bank of Oman has been offering attractive ways for customers to fund the purchase of a car, and there are even options for those who do not have a bank account with us.” 

During the Holy Month of Ramadan, both Omani nationals and residents, aged 21 years old and above can apply for NBO’s car loan offer and benefit from promotional interest rates, starting from 3.49%. Non-NBO customers can obtain a car loan from the bank without transferring their salary to NBO and instead pay through Direct Debit, which is a unique and hassle-free service offered only by NBO. Adding accessibility and convenience, the bank provides its customers with banking services at their convenience whether at their homes or offices through NBO’s Sales Advisors. NBO’s maximum tenor for new-car loans is ten years, and nine years for pre-owned cars. Additionally, Muzn has been offering special rates starting from 4.45%, while customers do not have to pay any installment during the first two months of the start of the car loan. Muzn’s car finance offer also features a low security deposit, flexible tenures and takaful life insurance facilities at preferential rates, as well as a 25% discount on V-KOOL products.

To find out more information about NBO’s and Muzn’s promotional car finance offers, terms and conditions, as well as other services and products, please visit www.nbo.om, contact the NBO Call Centre, or download the free NBO App.