Loan Amount / Interest Rate / Repayment Period

* The deferments include Eid and any other additional installment deferments. Only 2 additional installment deferments are permitted during the entire tenor of the loan. The first deferment will be after a gap of six months.

Eligibility

1. The applicant’s salary should be a minimum of OMR 250
2. The applicant should be:
   • A permanent employee of the Government of Oman.
   • A permanent employee of Semi-Government establishments of Oman
   • An employee working in the private sector listed with BankDhofar
3. Under special circumstances, a third party guarantee letter from a guarantor who is a Government / Semi-Government Employee is required. Please check with your Branch Manager
4. The applicant must be in the age group: -
   • 18 years to 60 years – Male
   • 18 years to 55 years – Female
5. The applicant should complete at least 4 months with the current employer.
6. The applicant should not be blacklisted with BankDhofar or Central Bank of Oman (CBO) caution list.

Documents Required

1. Copy of valid I.D (Omani), copy of valid passport and resident card (Expatriates)
2. Latest salary certificate
3. A salary assignment letter from the employer addressed to the Bank.
4. A letter from the employer stating salary, pension or end of service benefits (expatriates) to be transferred to the Bank.
5. Bank statement for the last six months
6. Insurance proposal and refund form
7. Medical check
   • Not required for loan amount up to OMR 150,000
   • Required with prior approval of the insurance company before disbursement for loan amount OMR 150,001/- and above
   • Required for applicant if he/she is a pilot / cabin attendant
   • Required if the borrowers occupation is hazardous
8. Buy-out from an employer: The outstanding loan statement from the employer, if any.
9. Buy-out/Transfer from a Bank:
   • The outstanding loan statement (liability certificate) from the Bank.
   • A no objection certificate (NOC) from the current Bank stating that the applicant does not have any outstanding financial commitments.
10. Copy of valid National ID of the Guarantor
11. A written undertaking from the Guarantor towards recovery of the loan

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