PROGRAM LENDING

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With the long history of dealing with the SME segment, NBO understands the constraints SME face in availing finance. Its is this deep understanding of the segment, which forms the cornerstone for the Simple & Quick approach in program lending, where decisions are made quickly based on a set of parameters.
  •  Simple Documentation
  •  Flexible Repayment Terms
  •  Wide range of acceptable securities 
  •  Targeted at multiple industries
  •  Quick Turn Around Time
  •  Dedicated Relationship Manager
  •  Corporate Internet Banking
​Program Lending Products Needs
​Asset Finance​For purchase or refinance of new / used commercial vehicles and construction equipment
​Power Your Trade​For purchase of stock or business expansion
​Empower Loans​Loans to self employed qualified professionals for business expansion
​Construction Finance    ​Real Estate loans for small to medium sized construction projects
​Overdraft​To meet day to day operational expenses

 

Who can apply for Tijarati Loan facilities?

Any company registered in Oman and having completed 2 years in business can apply for Tijarati Loan Facilities​

What documents are required for Availing Tijarati Loan facilities?

  • Company ID documents
  • Owner(s) ID documents
  • Last 6 months bank statement
  • Request Letter
  • Completed Application form
  • Any other documents as advised by the Tijarati RM​

What is the maximum loan amount NBO extends under Tijarati banking to SMEs?

This varies from case to case. Currently NBO extends financial support upto RO 500,000 to SMEs under Tijarati Banking, subject to applicable and prevailing terms & conditions.​

What is the maximum tenor of the loan an SME can apply for?

This varies from case to case. NBO extends loans to SMEs of tenors upto a maximum of 6 years, subject to applicable terms & conditions.​

Do I need to open an operating account with NBO for availing Tijarati Loan Facilities?

Yes. The SME has to open the main operating account with NBO for availing the loan facilities.​

Are there any fees or charges to be paid for processing of loans?

Yes. There is a processing fee, as applicable on all applications.

Can partial repayments be done?

Yes.​

Are you eligible?

At National Bank of Oman, we believe that financing solutions should be made simple for all business. The following businesses are eligible to apply for business loans.

  • Business entities registered in Oman with a valid certificate of registration.
  • A proprietorship, establishment, partnership, limited liability company (LLC) or self-employed professional.
  • The business must be established for a minimum period of two years.​

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