PERSONAL LOANS

​​

​National Bank of Oman’s Personal Loans are designed to offer you a hassle-free experience when you need extra funding. Not only do we make sure your loan is processed quickly and efficiently, we also offer a host of benefits including flexible payment terms and additional financing. 

 

  • Need a little extra financing during your existing loan tenure? You can apply for an additional loan to the original amount.*
  • Credit Life Insurance covers your loan amount for the entirety of your repayment period. This allows us to waive all outstanding loan payments in the unfortunate case of death. 
  • Installment deferment - we offer the option of deferring your monthly payment twice a year, allowing you greater control and peace of mind.  
*Terms and conditions apply. 

At National Bank of Oman, we believe that banking should be made simple for everyone. The National Bank of Oman Personal Loan is open to all Omani nationals with a minimum salary of OMR 300/- , as well as to expatriates working in Oman with a minimum salary of OMR 400/-.

To apply for a personal loan, please visit a National Bank of Oman branch near you, with the below mentioned documents and the rest will be taken care of by your Relationship Manager at the bank:
  • ID copy (for all Omani nationals).
  • Passport copy (for expatriates).
  • Labour card copy (for expatriates).
  • Salary assignment letter.
  • Recent salary certificate.
  • Six months bank statement (for buyout loans).
  • Outstanding letter (for buyout loans).
  • One passport photograph.
  • Recently paid electricity/telephone bill.

  • Processing fee - OMR 25
  • Top-up facility fee - OMR 10 
  • Waiver facility - OMR 5 (upon customer request)
  • NOC fee - OMR 2 
  • Pre-payment fee - 1% on prepaid amount

1. What's the minimum and maximum age?

We offer personal loans to customers between 18 and 60 years of age.


2. How much can I borrow?

We base this on your monthly salary/income and other credit obligations. 


3. How long do I have to repay my loan?

You can choose a plan that is convenient for you; we offer repayment periods of up to 60 months for expats and up to 120 months for Omani nationals.​*

* Terms and conditions apply


4. What is the minimum salary required to get a personal loan for Omanis?

The minimum salary required for Omanis to be eligible to apply for a personal loan is OMR 300 per month.​​​​​*

​* Terms and conditions apply


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