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Educational Loans:
The bank provides loans for establishing new educational projects and for expansion of existing educational projects up to an amount of RO 1,000,000/=. The Bank finances a maximum of 50% of project cost if the project is located in the Muscat region and 56% for other locations. The Bank offers an interest rate of 3% only on these loans.
Field of Financing:
Universities Colleges Private Schools Kindergartens & Nurseries Vocational Training All other projects under the educational sector fields
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Health loans:
It is loans given by the bank for establishing new health projects or for expansion of existing projects. Its ceiling reach is R.O. One Million. The bank finances maximum of 50%, if the project is located at Muscat Govern orates and 56% if the project is located outside Muscat Govern orate. The bank entitles benefit rate of 3% only on these loans.
Field of Financing:
The Hospitals Medical centers Specialized Clinics Specialized Laboratories All projects under the health sector fields.
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Agricultural Loans:
It is loans given by the bank for establishing new Agricultural projects or for expansion of existing projects. Its ceiling reach is R.O. One Million. The bank finances maximum of 50%, if the project is located at Muscat Govern orates and 56% if the project is located outside Muscat Govern orate. The bank entitles benefit rate of 3% only on these loans.
Field of Financing:
The protective green houses Modern irrigation system Poultry breeding of meat and eggs Agricultural Tractors Apiaries Veterinary Clinics Pumps and agricultural equipment Poultry slaughter houses Construction of open and close enclosures Rehabilitation and development of the farmer Digging of well, maintenance for agricultural purposes Agricultural nurseries Financing agricultural machinery used for land preparation Establishing Dairies and its derivatives Breeding and fattening of sheep and calves Palm date plants All projects under the agricultural sector fields.
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Animal Wealth and Fisheries Loan:
It is loans given by the bank for establishing new animal wealth and fisheries projects or for expansion of existing projects. Its ceiling reach is R.O. One Million. The bank finances maximum of 50%, if the project is located at Muscat Govern orates and 56% if the project is located outside Muscat Govern orate. The bank entitles benefit rate of 3% only on these loans.
Field of Financing:
Marine engine Fishing boats Fishing trawlers (fishing vessels) Fishing equipment Plants of freezing and packing of fishes Ice plants Breeding of prawns Production of fish powder Any services of products rating under animal and fisheries sector.
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Industrial Projects Loans:
These are loans provided by the bank for establishing new industrial projects or for expansion of existing projects. The loan ceiling is R.O. One Million. The bank finances maximum of 50%, if the project is located at Muscat Govern orates and 56% if the project is located outside Muscat Govern orate. The bank entitles benefit rate of 3% only on these loans.
Field of Financing:
Paper and wood Manufacturing Motor vehicle repairing workshops Printing press Manufacturing of chemical and petrochemical substances Petroleum industries Textile Industries Leather & Shoes Industry Building Construction & Mining Industry Formation & Metal Industry Equipment & Machinery Industry Any Industry of service rating under the Industrial sector scope All projects under the Industrial sector fields.
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Tourism Projects Loans:
It is loans given by the bank for establishing new several tourism projects or for expansion of existing projects. Its ceiling reach is R.O. One Million. The bank finances maximum of 50%, if the project is located at Muscat Govern orates and 56% if the project is located outside Muscat Govern orate. The bank entitles benefit rate of 3% only on these loans.
Field of Financing:
Hotels Rest houses Hotel flats Tour Guidance offices Tourist Camps Marine tours Tourist Restaurants Beach and Entertainments Movie houses Any service including under tourism sector field.
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Professional Loans:
It is loans given by the bank for establishing new professional projects or for expansion of existing projects. It’s ceiling reach R.O. One Million. The bank finances maximum of 50%, if the project is located at Muscat Govern orates and 56% if the project is located outside Muscat Govern orate. The bank entitles benefit rate of 3% only on these loans.
Fields of Financing
Legal Investments and advocate services Engineering & Architectural consultants Educational, financial, administrational accountancy services and consultants Service of managing the information system Advertisement and propaganda services Any service including under professional sector
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Loans for Small Investors – with Zero % interest:
These are loans for projects its investment cost not exceeding R.O. 20000, the bank financing these project with rate equivalent to 90% of the total cost, whereas the loan bank not exceeding R.O. 5000
Who are the Small Investors?
They are the full time category of people who manage their project by themselves and have previous experience in the field of managing their business. The graduate of Institutes and technical colleges who underwent training in the occupational & craft works. Junior Farmers & Fishermen.
Field of Financing:
All types of workshops Moveable vehicles for repairing home electricity equipment Tailoring shops Purchasing engines for fishing boats Purchasing modern fishing equipment Purchasing engines used in improving productivity and marketing Saloon shop & hair dressing Document clearance offices Internet Café Purchasing trucks for selling drinking and non drinking water Gas transportation vehicles (gas cylinders selling cars) Establishing learning driving cars offices Establishing baby nurseries Any other activity relating to the above subjects.
Terms and Conditions
Loan Duration
For (6) years may add another year as a grace period total (7)
Warranties
Providing suitable warranties for covering the project risks Settlement will be through quarterly installments.
Terms and Conditions
Loan Duration
Extend to (10) years.
Warranties:
Must submit appropriate warranty that covers the project risks.
Grace period :
Not beyond half the period for resettlement of loan.
Documents required for applying the loan:
Copy of the permit or the registration or the approval issued from the concern authority whether for the new project of the existing projects. The official documents that limit the project legal shape The feasibility study of the project, it includes the followings: The new projects The technical, marketing and financing aspects, specifying the feasibility in case the project obtains the loan. The existing projects The project progress since its establishment, specify whether if the project obtains soft loan can expand the project productivity capacity or increasing the service capacity, enclose the feasibility study, incase the project obtains the loan. The Accounts and statement of account prepared for the last three years of operation, unless the project age is less than this period. Must enclose report issued by authorized auditing report account controller. Existing projects that Face difficulties: State the difficulties, its reasons and the suggested means of treatment/rectification state whether it is financing or finance difficulties. The accounts and the statement of accounts, the business financial status according to the provision of article 2/B Provide documents relating to three offers for tenders issued by supply companies or supply authorities of assets financed through loans.
Online Forms How to apply for a loan Small Investors and Crafts Loans: The age of borrower should be between 18 and 55 years. Fill application form (Download ). Pay feasibility study fees. Copy of ID card. Provide price offers for assets that required to be financed by the bank. Any other licenses or documents that are required to implement the project such as (commercial registration, computer data, municipality licenses). Fill full dedication form (Download ).    Loans with more than 5000 R.O.: Fill application form. Pay feasibility study fees. Provide the necessary licenses from the concerned authorities. Provide price offers as (2) offers for each item required to be financed. Copies of owner's personal documents as well as copy of the project's documents such as commercial registration. A copy of the agriculture ownership card and well registration certificate for the agriculture loans. Provide feasibility study for loans that its capital exceeds R.O 50,000. Copy of project site/land ownership or site/land renting contact.