Schedule of Charges

No Description Charges
1 Document fees for corporate lease and bills doscounts 1% of the funding amount with minimum of RO 100.
2 Re-schedulement of loan For Individual and SME = RO 10/-
For Corporates/Others = RO 25/-
3 Transfer of Loan RO 50/-
4 Cheque bounce charges RO 5/-
5 Cheque hold charges RO 5/-
6 Change of date of PDC's RO 10/- + Intrest
7 Change of PDC's Bank or branch RO 10/-
8 Settlement Certificate RO 5/-
9 Balance conformation certificate RO 5/-
10 Change in ownership of asset from hirerto Company/company to individual RO 10/-
11 Replacement of assets or additional security RO 25/-
12 Change of plate no RO 10/-
13 Issue of duplicate release letter in lieu of original letter RO 5/-
14 Part settlement/ part release RO 10/-
15 NOC for taking vehicle outside Oman RO 10/-
16 Inclution or delegation of guarantors RO 10/-
17 Calcellation of contract after documentation and prior to commencement of installment Facility amount upto RO 25,000/ = RO 5/-
Facility amount greater than RO 25,000/ = RO 50/-
18 Penal intrest on over dues 2% intrest over and above the effective rates of intrest
19 Life insurance for vehicles and loans Facility amount of upto 8,000/- = RO 2/- per installemnt
Facility amount of upto 8,001/- to RO 15,000/- = RO 3/- per installemnt
Facility amount greater than RO 15,000/- = RO 5/- per installment
20 Life insurance for consumer products (Direct and Non Direct deals)
Lease Amount LIP amount pm
Upto 20,000 -RO 2
RO 2001 - RO 5000 -RO 3
RO 5,001 - RO 7,000 -RO 4
RO 7,000 - RO 10,000 -RO 5
21 Foreclosure Charges RO 10/-
22 Land registration for additional collateral

Muscat - RO 25/-
Outside Muscat - RO 50/-
Dhofar - RO 100/-

23 Cheque deferment to end an agreement RO 10/-
24 Communication charges RO 5/- individual, RO 25/- corporate
25 Overseas transfer Actual bank charges +5/-
26 Amendments to LCs/ guarantees RO 10/-
27 Sub assignment to third party 1% subject to minimum 100/-
28 Letter to bank of clearing cheque RO 5/-