Bank Dhofar

Car Loan


Financial assistance to make your plans a reality.

BankDhofar Car Loan gives you the freedom to buy the car of your dreams without having to wait an extra minute. The Auto Loan at competitive interest rates, quick approvals and personalised services speeds up your car buying experience.

Features:
  • Monthly deduction of life insurance covering loan amount

  • Loan up to 10 years repayment period

  • Loan up to OMR 50,000

  • Transfer of existing loans from other banks or finance companies.


Special limits & Interest rate for:

a) Youth & Student Banking
b) Priority Banking
c) Lady customers

Segments Loan Amount
Standard Loan RO 30,000
Youth & Student Banking RO 20,000
Ladies Banking (Hawa) RO 30,000
Priority Banking ( Al Riadah) RO 50,000
Eligibility:
  • Minimum salary OMR 320

  • Loan subject to 50% DBR for Omanis and 30% for Expatriate

  • Repayment period

    • - New Cars – up to 10 years

    • - Used cars – Maximum repayment period must not exceed model year/age of vehicle beyond 10 years

  • Minimum down payment 20% of the car value

  • Security:

    • - Car is jointly registered

    • - Salary assignment in bank’s favour

  • Loan Disbursement -The car loan will be disbursed directly to the car dealer/seller through Manager’s Cheque or Pay Order.


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