Auto Loan

Auto Loan

Sohar International brings you an exclusive Auto Loan offer designed to help you own your dream car effortlessly. With competitive interest rates, flexible repayment terms, and financing options for both new and used cars, this is the perfect opportunity to drive away in your desired vehicle.

Special Offer!

We are introducing the lowest Rate in the Market for Auto Loan starting from 3.45% for up to 1 years and exclusive 0.25% interest rate reduction for Electric Cars

Documents required

Without salary transfer:

Without salary transfer:

• Salary certificate.
• 6 months statement.
• Omani ID / Passport (for expats)
• Driving license.
• Vehicle Quotation (new vehicle)
• Car Evaluation (used vehicle)

With Salary Transfer:

• Salary Transfer letter as per Bank format
• ID/RESIDENT card
• Passport (for expats)
• Driving License.
• Vehicle Quotation (new vehicle)
• Car Evaluation (used vehicle)

Eligibility

• Omani & Expatriate Residents
• Minimum gross salary as per bank standards
• Minimum age: 18 years (Omanis), 21 years (Expats)
• Maximum age at loan maturity: 65 years
• Minimum employment tenure depends on the employer
• If mandate/salary assigned to other bank, add extra 0.5% on the final rate
• If non – approved list of companies, add extra 0.5% on the final rate
• If EV reduce 0.25% from the final rate.
• New EV car up to 1 year old only, used cars up to 10 years from date of manufacture.

Interest Rate Details