FAQs

Welcome to our Frequently Asked Questions (FAQs) page. Here, we aim to address common inquiries and provide clarity on various aspects of our services. Whether you're a new customer or an existing one, we have carefully selected a collection of frequently asked questions to help you navigate any uncertainties. Please explore the sections below to find answers to common queries. If you cannot find the information you're looking for, please feel free to contact our dedicated customer support team. They are ready to assist you further. xxxxx

1. How do I open an account with Sohar International?

To open an account with Sohar International you may walk into the Sohar International branch and complete the formalities of opening an account.

2. Who is eligible to open an account?

All government and private institutions operating in the Kingdom of Saudi Arabia above the age of 18 are eligible to open an account. Accounts for minors may be opened by the parents or the guardian of the minor.

3. What documents do I need to provide to open an account in Sohar International?

There are documents required to open an account depending on the type of institution, please visit the branch for additional detail.

4. What is the Sohar I Current Account and what are the requirements?

A customer needs OMR 200 to open a current account and must maintain a minimum balance of OMR 200 at all times. In case the minimum balance is not maintained, the account will attract a maintenance fee deduction of OMR 2 every month. The account holder is provided with a cheque book and has 24 hour access to the funds through the ATMs. There is a facility for transfer of funds to and from other accounts in Sohar International and monthly account statements will be provided free of cost. The account may also be operated by a third party with a power of attorney.

5. What is the Sohar I Term Deposit Account?

Sohar I Term Deposit Accounts at Sohar International offer the customer the option to invest in a choice of currencies - Omani Riyals, US Dollars, Sterling Pounds, Euros and Japanese Yen - for different periods to suit your requirements. The account can be opened individually and, jointly by residents of Oman(Omani and None-Omani). They may be opened by individuals, businessmen, business and commercial establishments, corporate organizations, institutions, government and semi-government organizations and charitable trusts.

6. What are features of the Sohar I Term Deposit Account?

The minimum opening amount for this type of an account is OMR 1,000. Standing order facility is available for the payment of interest and the principal amount. Third parties may operate the account with a power of attorney. Loans are available against the term deposits and there is a facility for free transfer of funds.

7. What are the financial solutions for enterprises?

Enterprises/Corporate Financial solutions from Sohar International are facilities designed to meet the buiness's requirements to finance like buying asset, working capital needs, project finance etc.

8. What are the products that Sohar International has for all of these?

Sohar International offers the following products:

  • Sohar I working Capital
  • Sohar I Short Term Loans
  • Sohar I Term Loans
  • Sohar I Bill discounting
9. Who is eligible to apply for the Sohar I Enterprises/Corporate Financial Solutions?

Enterprises/Corporate Financial Solution facilities or loans are available for all private institutions operating in the Kingdom of Saudi Arabia.

10. What are the features and benefits of the Sohar I Enterprises/Corporate Financial Solutions?
  • Competitive interest rates
  • Competitive repayment periods
  • Lower monthly instalments
  • Flexible repayment plans
  • Top-up facility to meet additional requirements
  • Simplified documentation and speedy processing of the facility
11. Is there a facility for transferring an existing loan from another bank?

Yes. Customers have the option of transferring an existing facilitieswith other banks to Sohar International to enjoy the unique features of the Schemes.

12. What are the documents I need to provide when I apply for a Enterprises/Corporate Financial Solutions?

Corporate needs varies from case to case, please visit the branch to meet with one of our Relationship Manager to discuss your requirements.