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Ramadan Auto financing offer
Sohar Islamic brings you an exclusive Auto Financing offer designed to help you own your dream car effortlessly. With competitive profit rates, flexible repayment terms, and financing options for both new and used cars, this is the perfect opportunity to drive away in your desired vehicle—just in time for Ramadan!
Introducing profit rate for Auto financing starting from 3.45% for up to 1 year
Validity
18/2/2026 to 19/3/2026
Features and benefits
Competitive Profit Rates – Starting from 3.45%*
Finance option available for both New & Used Cars
Available for Omanis & Expats
Against Salary assigned or with Mandate
Complimentary Vehicle Registration
Exclusive Motor takaful Support
Please fill in the form and we will contact you
Documents required
Without salary transfer:
- Salary certificate.
- 6 months statement.
- Omani ID / Passport (for expats)
- Driving license.
- Vehicle Quotation (new vehicle)
- Car Evaluation (used vehicle)
With Salary Transfer:
- Salary Transfer letter as per Bank format
- ID/RESIDENT card
- Passport (for expats)
- Driving License.
- Vehicle Quotation (new vehicle)
- Car Evaluation (used vehicle)
Eligibility
- Omani & Expatriate Residents
- Minimum gross salary depends on the auto finance application type
- Minimum age: 18 years (Omanis), 21 years (Expats)
- Maximum age at finance maturity: 65 years
- Minimum employment tenure depends on the employer
Ramadan profit Rate Details
| Auto Loan Tenure | Profit Rate |
|---|---|
| 0 - 1 Year | 3.45% |
| 1 - 4 Years | 4.24% |
| 4 - 5 Years | 4.50% |
| 5 - 7 Years | 4.75% |
| 7 - 10 Years | 5.75% |
Terms & conditions
- The bank will cover complementary vehicle registration costs up to OMR 40/- Any amount exceeding this limit will be paid by the customer
- Takaful Support: The benefit is capped at a maximum OMR 100/- is applicable only if the takaful policy is obtained directly through the bank’s approved partner. Any amount exceeding this limit will be paid by the customer