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"Al-Tayeb" Non Conventional FinanceÂ
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 Al Tayeb is on-of-a-kind finance product that allows you to get quick and easy finance without compromising on your sentimental needs. Combining non-conventional business concepts and in-depth consumer understanding, we have created ‘Al Tayeb’ with an array of benefits.
‘Al Tayeb’ is the most suitable financing option for your needs, both financial and emotional. Please visit us, or call us for more information. And we will tell you how you can fully leverage the benefits of non-conventional financing.
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| Eligibility |
Individuals working in the private sector, government sector, salaried employees.
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| Amount |
Minimum of RO 1,500/-
Maximum of RO 35,000/-
Maximum tenor – 60 months
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| Documents |
Individuals :
Proof of Income – Income from commercial property, 6 months bank statement
NID for Omani nationals
Municipality approvals & construction plans
Others :
CR Copy, Computer Printout Others :
CR Copy, Computer Printout
Authorized Signatories
Chamber of Commerce Registration
Bank Statement – 6 months
Financial Statement/Contract Copies
ID copies of Partners
Municipality approvals & construction plans
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| Criteria |
Upto 90% of the asset can be financed
Minimum salary RO 300/-
In employment for atleast 6 months
Net disposable income – 40%
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| Interest |
We offer the best rates of interest and the EMI can be structured to suit your cash flows on a case to case basis.
No overdue interest for delayed payment -
We understand the commitments you have. If your payment is getting delayed, we will not charge overdue interest.
No charges on returned cheques-
Should your cheque bounce for unfortunate reasons, you still don’t have to worry about paying a penalty to us.
Rates depend on down payment, tenor and credit appraisal.
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| Advantage |
Special ‘Profit Sharing’ benefit for timely payments.
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