Dhofar Islamic offers competitive profit rates on vehicle financing
This Ramadan, Dhofar Islamic, the Sharia-compliant banking window of BankDhofar is excited to announce a special offer on its Auto Finance product, making it easier than ever for customers to purchase their desired vehicles without financial strain.
With a highly competitive profit rate starting at just 3.99%, flexible repayment options extending from 12 to 120 months and a simple application process, Dhofar Islamic’s Auto financing solution is tailored to suit the needs of anyone looking to finance their next car purchase.
The campaign aims to attract both new and existing customers with an easy, secure, and affordable financing solution for their vehicle needs. Towards this end, the bank has set tiered profit rates: 3.99% for financing term up to 3 years, 4.25% for 4-7 years, and 4.50% for 8-10 years. The financing which is secured against the vehicle, makes it an ideal choice for salaried Omanis and expats aged 21 and above.
To make the process even smoother, Dhofar Islamic has streamlined the application process allowing customers to apply quickly and easily at any of its branches as well as through direct sales representatives for financing amounts ranging.
The finance approval process is quick and efficient, typically taking just a few working days for completion. Required documents for the finance application include a bank statement, ID card or passport copy, salary assignment and additional documents based on the car purchase.
Commenting on the significance of this campaign Amor Said Mohamed Al Amri DGM & Head of Retail Banking Dhofar Islamic said, “During this blessed month of Ramadan, we understand the importance of providing our customers with financial solutions that align with their needs and aspirations. Our enhanced Auto Finance campaign is designed to offer accessible and affordable financing options, enabling our customers to drive away in their dream vehicles with ease.”
Dhofar Islamic 's Ramadan auto finance campaign not only offers an attractive financial solution but also embodies the spirit of giving and facilitating joy during this blessed month, ensuring customers can experience the pleasure of owning their desired vehicle with ease and affordability.
Since its rebranding early last year to celebrate a decade of successful operations, Dhofar Islamic has cemented its reputation as a leader in Oman’s fast-growing Islamic banking sector. The bank upholds rigorous standards in Shariah compliance, corporate governance, research and development, corporate social responsibility, and customer service.
To learn more about Dhofar Islamic’s Auto Finance product and other Sharia-compliant products, customers can visit any Dhofar Islamic branch or contact the bank through its official channels.
