FAQ

Yes, he can settle all the loan balance during the settlement period and accordingly there will be no consideration for the bank administration and service fees. He will only pay the loan amount.

Yes, he can.

It will be settled in case of death or complete disability.

Upon the death of the borrower, his relatives are required to submit death certificate together with report from the Hospital citing the cause of death.

This will be done wholly or partly as per the damage caused by Fire earthquake or deviations, the bank must be informed in written, along with enclosing the report prepared by R.O.P + copy of ID.

In case the lender sends to retirement, the civil service Employees pension Fund will transfer ¼ of the pension salary to his loan account at the bank, if ¼ of the salary not enough to cover the monthly loan installment, the lender has to pay the monthly installment difference for the period specifies by the bank and as per the followed procedures, to provide guarantor undertakes to transfer the installment differences for his work place or deposit amount of money in the saving account for specific period, representing the differences in the installments deduction will be on monthly bases, supported before expired or submitting post paid cheque carrying the installment differences for specific period allotted by the bank.

The imposed delay Fine is 7% regarding subsidized and non-subsidized loans, and these percentages are factor of change according to the oman central bank.

Yes, on condition that he submits an application supported by copy of ID and paying R.O 2/ as fees.

Yes , it is possible after paying the required fees according to number of years needed.