SME CURRENT ACCOUNTS

To help your business grow and prosper,you need a banking partner that understands your business needs as an SME. National Bank of Oman’s Business Current Account is designed with small and medium businesses in mind. Our extensive experience with corporates across the Sultanate means that we not only appreciate your contribution to the Omani economy, but we also recognise your need for business banking solutions with personalised service.

  • Simple Documentation for current account opening
  • Access to Best in class corporate internet banking for 24X7 access
  • Linked Salary Accounts for all staff
  • Corporate Debit Card to access Current Account 24X7
  • NBO POS – Fast & Secure way of receiving merchant payments 
  • CDM at business centric locations for bulk cash deposits 24X7

 

  • As an SME, we offer your business special foreign exchange rates on Telex and Forex (S.T. minimum transaction size).  
  • Learn from the best with access to SME mentoring services at the National Bank of Oman Academy of Excellence.​​

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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