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. Joint loan can be availed only between spouses (husband & wife)
2. Applicants salary should be a minimum of OMR 250 & above
3. The applicants should be
         o  A permanent employee of the Government of Oman.
         o  A permanent employee of Semi-Government establishments of Oman
         o  An employee working in the private sector listed with BankDhofar
4. 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
5. The applicant must be in the age group: -
   • 18 years to 60 years – Male
   • 18 years to 55 years – Female
6. The Applicants should complete at least 4 months with the current employer.
7. The Applicants should not be blacklisted with BankDhofar or Central Bank of Oman (CBO) caution list.

Documents Required 

1. Marriage certificate
2. Copy of individual valid I.D (Omani), copy of valid passport and civil card (Expatriates)
3. Latest salary certificate
4. A salary assignment letter from the employer addressed to the Bank.
5. A letter addressed to the employer requesting salary, pension or end of service benefits (expats) to be transferred to the Bank.
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 (s) if he/she is a pilot / cabin attendant
   • Required if one or both the borrowers occupation is hazardous
8. Bank statement for the last 6 months
9. NOC (no objection letter) if the applicant is banking with other Banks.
10. Copy of valid National ID of the Guarantor
11. A written undertaking form the Guarantor towards recovery of the loan

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