Contact Us
ATM & Branches
Visa Classic Debit Card
Minimum Salary
N/A
Annual Fee
OMR 1.05
Rate
N/A
Cash Withdrawal
up to 1000 OMR per day
Features & Benefits
Instant classic Debit Card with discounts & higher withdrawal limit with personalized customer name
Debit Card: ATM cash withdrawal limit of R.O 1,000
Special discounts and offers across partner merchants with Debit Card spends*
Internet Banking and Mobile Banking facility
Your Sohar International account allows you to access all of our products and services flexibly.
We understand that as an individual customer, you have specific banking requirements. This is why we offer a variety of accounts & deposits specially designed to suit your precise need.
Realise your dreams
Everyone has a dream –a wonderful wedding, an exotic holiday, plans for higher education. No matter what your dreams are, with Sohar International’s Personal Finance Solutions you can realize them with absolute ease and peace of mind.
Customized to meet your financial needs, facilities are available for personal finance solutions for all Omani residents and nationals receiving regular income through employment or business.
- 10 years Maximum tenor
Unique features and benefits
Lower monthly installments
Longer repayment tenures
Higher loan amounts based on income
Loan top-up facility to meet additional financial requirements
Life Insurance cover at affordable premium rates
Interest Rate Details
| Salary Range (OMR) / Employer | Govt & Semi Govt (Omani) | Govt & Semi Govt (Non-Omani Residents) | Private (Omani) | Private (Non-Omani Residents) |
|---|---|---|---|---|
| 400 – 699 | 4.99% | 6.00% | 5.50% | 6.00% |
Documents required for a personal loan
- Omani customers - National ID card
- Expatriates - Resident card and passport + copy with valid visa
- Salary certificate from employer if employed
- Letter of liability from current bank - if applicable
- Salary statement for the last three months stamped by the current bank
- Completed Loan Application Form
Expect more
With Sohar International’s Personal Finance Solutions, you also have the option of transferring your existing loan amounts with other banks to Sohar International in order to utilize on our longer repayment tenures. Moreover, our comprehensive Life Insurance cover ensures that your family is protected from the repayment liability in case of any unfortunate event during the loan tenure.
The promotion is applicable for Omani customers (only new customers) with minimum salary of OMR 400.
Maximum Tenor of Loan will be 10 years (Excluding permissible two EID waivers per year).
Debt Service Limits would be as per CBO guidelines (50% for customers without Housing Loan & 60% for customers having Housing Loan).
Applicable for salary customers employed in Sohar International’s approved list of companies.
Premature closure of loan accounts would be as per CBO guidelines.
Attractive interest rate from Sohar Housing Loan Home Solutions.
Are you planning on buying a property or land? Are you looking for a home financing solution with a lower interest rate? If your answer is yes, visit any of Sohar International branches or contact the call center to get the best property financing solutions.
Up to 90%
Amount of property value financed
25 years
Maximum loan tenor
You can benefit from Sohar Housing Loan Home Solutions for:
Construction of residential property
Purchase of residential property
Purchase of residential land
Transfer of existing home loan with other banks
Product features:
Lower interest rate
Sohar Housing Loan Home Solutions offer the lowest interest and insurance premium in the market and the lowest monthly installments.
Finance up to 90% of the property value
There is also a facility to avail of home furnishing finance at the housing loan interest rates.
Grace period up to 18 months for Construction of residential property
Low monthly installments
Loan tenor up to 25 years
Life insurance coverage options
Eligibility
- This offer is exclusively for the Omani employees of government, semi-government or private sector companies in the bank’s list of approved companies.
- Expatriates can benefit from this product towards buying property in designated projects allowed by the law.
- Minimum age of availing loan is 18 years.
- Maximum age at the time of loan maturity is 60 years.
Interest Rate Details
| Salary Range (OMR) / Employer | Govt & Semi Govt | Private |
|---|---|---|
| 500 - 699 | 4.99% | 5.50% |
| 700 - 2,999 | 4.50% | 4.75% |
| 3,000+ | 4.25% | 4.50% |
Terms and conditions
- The loan amount may not exceed 90% of the value of the property.
The maximum loan amount will be calculated based on the monthly income and the customer's total ability to pay
- The maximum period is 25 years including a grace period of up to 18 months.
Required documents
The documents required are from four parties: Parents / guardian, Student, Institution selected for study, A separate set of documents is required from customers who do not wish to assign their salaries.
- For buying property
- Omanis - a copy of ID
- Expatriates - residence card & Passport copy with valid visa
- Completed Loan Application Form
- Liability certificate from existing banks/ or financial institutions/ employer (if any)
- Salary certificate of the applicant/ co-applicant
- Bank statement of the last six months stamped by the bank
- Copy of title deed and krooki
- Proof of additional income if any
- Original valuation report from one of the bank's approved valuation agencies
- For Construction
- Copy of construction agreement signed by the contractor, consultant, and owner with schedule of payment
- Copy of building permit
- Proof of payment contribution to contractor if any For Purchase
- Purchase agreement and the copy of Id card of the seller
- Proof of down payment to a seller if any
Current Account
A regular banking account that allows the customer to transact all their financial operations in an efficient manner.
Features and benefits :
Account can be opened in OMR & any other major FCY (USD, AED, GBP and Euro).
No Interest on current account
Current accounts are accounts with cheque book facility
Minimum balance required to be maintained in current account is RO 200 or equivalent other FCY.
24/7 account access to ATMs across Oman in addition to Mobile, Internet Banking and call center.
Monthly e-statement, which helps the customer to reconcile their day-to-day transactions.
Eligibility
- Available for individuals from all segments except minors.
Documents required to open a current account
- Omani nationals should provide copy of their national ID card.
- Non-Omani Residents (Expatriates) should provide copy of their passport and resident card.
- Both should also bring the minimum amount required to open the particular account.