Auto loan interest rate

3.5%

Loan Approval within one hour

Auto financing solution for new / used vehicles

No Medical required for insurance of loan amounts up to RO 75,000

Loans granted against  salary assignment

Auto loan eligible for Omanis and expatriates

Maximum loan amount - 80% of the Total Vehicle Cost/ Market Value subject to DSR limits

Option to avail up to 2 months deferral on installment

ID Proof: National ID for Omanis; Resident ID and passport copy with valid visa for Non-Omanis

Latest salary transfer letter from employer indicating salary details and Salary statement for the last three months stamped by the current bank

Quotation of the car in favour of Sohar International

Driving License copy

Copy of Registration (Mulkiya) of used car