BankDhofar Drives Ramadan Savings with Enhanced Auto Loan Campaign
This Ramadan, Bank Dhofar is excited to announce a special offer on its Auto Loan product, making it easier than ever for customers to purchase their desired vehicles without financial strain.
With a highly competitive interest rate starting at just 3.99%, flexible repayment options extending from 12 to 120 months, and a simple application process, this loan is tailored to suit the needs of anyone looking to finance their next car purchase.
The campaign aims to attract both new and existing customers with an easy, secure, and affordable financing solution for their vehicle needs. Towards this end, the bank has set tiered interest rates: 3.99% for terms up to 3 years, 4.25% for 4-7 years, and 4.50% for 8-10 years. Additionally, direct debit auto loans are available at 4.99%.
The loan, secured against the vehicle, makes it an ideal choice for salaried Omanis and expats aged 18 and above.
To make the process even smoother, BankDhofar has streamlined the application process, allowing customers to apply quickly and easily at any of its branches and through direct sales representatives, for loan amounts ranging from RO 1,000 to RO 120,000. Monthly payments are automatically deducted via direct debit from the customer's BankDhofar account. Furthermore, early repayment is allowed, with a fee applied for early settlement.
The loan approval process is quick and efficient, typically taking just a few working days for completion. Required documents for the loan application include a bank statement, ID card or passport copy, salary assignment, and additional documents based on the car purchase.
Commenting on the significance of this campaign Amjad Iqbal Hassan Al Lawati, Chief Retail Banking Officer of BankDhofar said, “During this blessed month of Ramadan, we understand the importance of providing our customers with financial solutions that align with their needs and aspirations. Our enhanced Auto Loan campaign is designed to offer accessible and affordable financing options, enabling our customers to drive away in their dream vehicles with ease.”
BankDhofar's Ramadan auto loan campaign not only offers an attractive financial solution but also embodies the spirit of giving and facilitating joy during this blessed month, ensuring customers can experience the pleasure of owning their desired vehicle with ease and affordability.
With a strong focus on growth, innovation, and customer satisfaction, BankDhofar achieved a net profit increase of 12.5% in 2024, reaching OMR 43.6 million compared to OMR 38.7 million in 2023. The bank continues to lead in digital transformation, being one of the first in Oman to introduce Apple Pay and Samsung Pay. Its commitment to modernization is further reflected in the deployment of wholesale cash deposit machines and the launch of Easy Biz, a digital collection and settlement platform. Additionally, BankDhofar continues to make significant strides in cybersecurity, reinforcing its dedication to safeguarding customer transactions and data.
BankDhofar remains committed to providing a comprehensive range of banking solutions tailored to all segments of society, including women, youth, children, and high-income groups. With a network of 131 branches across Oman including Dhofar Isalmic , the bank ensures accessibility and superior service for its diverse clientele.
