Banking & Finance
Bank Muscat offers option to affected customers to apply for loan deferment

In line with the directives of the Supreme Committee for Dealing with Covid-19 and the Central Bank of Oman to address the current situation, Bank Muscat is offering loan deferment options for Personal, Auto and Housing loans for three months.
The bank has said that the deferment option will be available for loan instalments that are due from May to July 2020. It is one of the many steps undertaken by the bank to support its customers during these difficult times.
Affected customers who are eligible to apply include those whose salaries have been reduced, those who have been placed on leave without pay, those whose additional income has been negatively affected and pensioners with a debt burden ratio over 40%. Bank Muscat has reaffirmed its commitment to the affected that the interest will be handled in line with the instructions issued by the regulator and the competent authorities.
All customers who meet the criteria for loan deferments can apply for the same through Mobile Banking, Internet Banking or by visiting their nearest branch. For more details, please go to https://www.bankmuscat.com/en/awareness/Pages/update.aspx.
-
News1 month ago
Offer Price, Overview, Investors: Here’s Everything You Need to Know About Asyad Shipping’s Mega IPO
-
Automotive2 months ago
[REVIEW] A Legend Reinvented: The Nissan Patrol Y63 Blends Heritage with Modern Mastery
-
OER Magazines1 month ago
OER, February 25
-
Alamaliktistaad Magazines1 month ago
Al-iktisaad, February 2025
-
Energy1 month ago
Dubai Supreme Council of Energy Unveils 5th Emirates Energy Award 2023–2025 in Muscat
-
News2 months ago
Oil Prices Rise as Investors Assess New US Tariff Threats
-
News2 months ago
Middle East Emerging as a Key Destination for Sports Tourism
-
News4 weeks ago
Shell Oman Marketing Company Hosts the 1st Lubricants Technology Conference in Muscat