BankMuscat, Mercedes-Benz join hands for auto loan offer

Muscat: BankMuscat, the flagship financial institution in the Sultanate, and Zawawi Trading Company (ZTC), the authorised general distributors of Mercedes-Benz in Oman, have joined hands for the first time to extend an attractive auto loan offer during the Holy Month of Ramadan.

The partnership paves the way for exclusive deals on Mercedes-Benz vehicles, including attractive interest rate on Sayyarati auto loan from BankMuscat. The auto finance scheme with repayment period extending up to eight years can be availed through a simple and expeditious documentation process.

Amjad Iqbal Hassan Al Lawati, Head, Products Services, said: Oman is home to one of the largest car loving population, which is reflected in the presence of the worlds best known auto brands. BankMuscat is proud to partner with Zawawi Trading Company to extend an attractive deal for Mercedes-Benz customers.-

Due to strong partnership with leading auto dealers, Sayyarati auto loan product evokes strong response, significantly enhancing the value proposition offered to customers. BankMuscat attaches great importance to offering innovative products and services and we are delighted to tailor Sayyarati with this objective in mind for Mercedes customers,- he said.

Sarah Chaplin, Acting Head of Sales Marketing, New Pre-Owned Cars, said: Zawawi Mercedes-Benz is committed to elevating the customer experience to new heights in Oman. With this attractive, affordable and convenient offer, together with BankMuscat, we are offering great value to customers in the Sultanate and helping people to realise their dream to live The Best or Nothing Mercedes-Benz lifestyle.-

Main features
The main features of Sayyarati auto loan include spot approvals, simple documentation, motor insurance funding and lowest monthly payments. Customers are also not required to furnish post-dated cheques. These features make Sayyarati the easy, convenient and completely hassle-free way to own a new Mercedes-Benz. Notably, the Sayyarati auto loan can be obtained from any of the 134 BankMuscat branches spread across Oman.

Al Lawati added: We are glad that the feature-packed Sayyarati auto finance complements the attractive Ramadan offers by Mercedes-Benz. Sayyarati remains committed to helping people to own their dream vehicles. BankMuscat seeks to reiterate its commitment to road safety and thereby spread safety and happiness in Oman.-

The documentation of Sayyarati auto loan is simple with only few signatures and details.

The customer has an option to avail motor insurance through the Bancassurance channel of BankMuscat at low premiums. By availing this facility, the customer has the option to add the insurance premium amount to the loan amount and pay in instalments. Post-dated cheques are not required and installments are automatically debited from customers account on a monthly basis. Sayyarati auto loan is available to nationals and expatriates.

For convenience, the Sayyarati office in Wattayah will operate on extended timings during Ramadan -” Thursday, 9am to 1pm and 7.30pm to 11pm.

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Be given a thorough, descriptive explanation of the auto loan authorization process.

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