NBO signs customer mortgage financing agreement with Muscat Bay

Business Sunday 06/February/2022 15:18 PM
By: Times News Service
NBO signs customer mortgage financing agreement with Muscat Bay

Muscat: National Bank of Oman (NBO) has signed a strategic partnership with Muscat Bay to provide finance facilities for buyers interested in purchasing a property within the luxury integrated development.

Starting at just 4.55 per cent for three years and 4.99 per cent for longer, NBO’s mortgage and housing loans come with easy approvals, no maximum cap and special rates on life and property insurance.

Tariq Atiq, Chief Retail and Digital Banking Officer at NBO, said, “Adding to a growing number of tie-ups with leading developers and real estate marketing agencies, we’re delighted to be partnering with Muscat Bay. Offering a prime location and a range of highly sought-after properties, buyers are provided plenty of options to make their dream home a reality while accessing the unbeatable benefits that come with our home loans.”

Paul Jessup, Senior Vice President at Muscat Bay, said, “We are pleased to partner with the National Bank of Oman to facilitate attractive financing options for prospective buyers and residents looking to purchase their luxury home here at Oman’s unique resort village.  By offering favourable home loans to Omanis and Expats, NBO is the perfect complement to our growing sophisticated community, both from Oman, the GCC and beyond.” Paul Jessup added, “Now is the perfect time to invest in Muscat Bay because the launch of our 5 Star Jumeirah beach hotel will open our offer to a global market, creating more demand for the final few units to be sold in phase 1.  Muscat Bay’s residential offering will also benefit from the Jumeirah Residents Club, which will allow the community to receive a range of luxury services and promotions from the 5 Star operator; a unique concept in the market that will help consolidate Muscat Bay’s position as Oman’s truly world-class integrated resort.”

NBO’s personal and housing loans are part of the bank’s commitment to delivering hassle-free, competitive financial solutions to fit all. Processed quickly and efficiently, the bank also provides borrowers with a host of benefits including flexible payment terms, additional financing, and much more. Loan rates may vary depending on salary, length of employment and loan duration.