Nizwa unveils special auto finance offer
Muscat, June 24, 2014
Bank Nizwa, Oman’s first Islamic bank, is offering a special ‘Auto Finance’ treat for its customers as part of its Ramadan celebrations.
The special features will enable the customer to purchase that 'special car' in hassle free and a rewarding experience said the bank in a statement.
CEO Dr Jamil El Jaroudi, said ‘We are delighted with how successful our Ramadan campaign was last year. Ramadan is a month of blessings and is a time for giving. It makes us very happy to be able to once again offer our valued customers very special features on our auto finance product which are unique in that it comes with no need to make a salary transfer.
Through out the month, customer availing auto finance from Nizwa will enjoy an excellent profit rate of 4.99 per cent. Moreover, there is no need to transfer their salaries and they would have the option to pay their first instalment after two months of taking the finance.
The additional benefits customer will enjoy are zero processing fees and free credit life insurance for the entire tenor of the financing, said El Jaroudi.
"It is just our way of saying thank you to our customers and facilitating the best financing solutions possible to enable them to become proud car owners," he added-TradeArabia News Service