NBO offers car loans at special rates during ramadan

National Bank of Oman (NBO) recently announced car loans at special rates during the Holy Month of Ramadan. Whether customers are looking to buy a new or pre-owned car, both NBO customers and non-NBO customers residing in Oman can currently benefit from lower annual Interest rates starting from 3.49% per annum (p.a.) on car loan. Additionally, customers can take advantage of a 10% reduced rate on car insurance provided they combine a car loan with an insurance through NBO. 

Maha Al Raisi, Assistant General Manager - Head of Retail Products at National Bank of Oman, said, “We realise that Ramadan is a popular time for customers to look for a new car, while we always aim to proactively connect with them to identify their most important goals and support them in meeting their financial needs. Our bank has therefore been offering simplified ways to finance the car-buying journey, especially during this special time of the year. Plus, our solutions apply to not only our customers but also to those who are not receiving a salary into an account with us and who can repay their loan using direct-debt instead.” 

She added, “We aim to engage with customers at multiple stages of their decision journey, which is why we also offer a special rate on car insurance so they can worry less about any extra costs to consider after they have bought their new car.”  

During Ramadan, both Omani nationals and residents, can apply for NBO’s car loan offer and benefit from the promotional interest rates. Non-NBO customers who do not receive their salaries through NBO can obtain a car loan from the bank using Direct Debit to repay their loan, which is a unique and hassle-free service offered only by NBO. Meanwhile, the maximum tenor for new-car loans is ten years, and nine years for pre-owned cars. To find out more information about NBO’s terms and conditions, as well as its services and products, please visit www.nbo.om, contact the NBO Call Centre, or download the free NBO App.