Muscat: With the launch of a new campaign, Bank Nizwa, one of the leading Islamic banks in the Sultanate, is now catering to customers seeking an affordable home, auto, and personal financing option. Under the campaign, customers can take advantage of flexible tenures and generous terms along with a special profit rate of 4.5 percent. This campaign offers attractive and feasible options for those looking to enhance their living standards. This promotion is designed to encourage citizens and residents alike to explore more convenient and accessible Islamic financing options.
“Keeping our customers’ financial goals in mind, we develop innovative offers and solutions to support them. As customers strive toward their goals, the new campaign comes at a time when convenient payment plans are much needed. Through this campaign, we aim to enhance our customers’ financing journeys and ultimately, support the local economy,” said Mr. Arif Al Zaabi Assistant General Manager – Retail Banking. “As part of Bank Nizwa’s commitment to providing Shari’ah-compliant products and services, it walks that extra mile to fulfill its customers’ aspirations of maintaining comfortable lifestyles for themselves and their families. For customers seeking easy finance for big purchases, a competitive profit rate of 4.5 percent is a major boost to acquire a house or car,” he added.
Introducing innovative financial solutions is at the core of the Bank’s strategy and expansion plans. In addition to bridging the financing gap and attracting new clients, this campaign strives to raise awareness of the Bank’s competitive advantages. Banking Nizwa enables an individual’s choice and helps in meeting their aspirations by offering benchmark services that extend beyond financing. With Shari’ah-compliant banking, the Bank enables individuals to improve their lives as part of its consultation services.
With its affiliation with the Islamic Finance Initiation Network (IFIN), Bank Nizwa was the first in the country to offer on-the-spot approvals for car financing. Customers can complete car financing procedures at participating car dealers. Customers can obtain auto finance faster by using this service instead of visiting the Bank’s branches. This will empower customers to make purchases, fueling the auto industry further. Instant approval is designed as a ’10-minute financing process’ for an easy and simple application process and time-saving instant financing. A finance request will submit their request through a web-based application, accessible only by retailers; all costs will be transparent, and applicants will know what to expect.
A further benefit offered by the bank is the provision of construction-related advice and consulting. As part of its service, the company employs a team of civil engineers, who conducts site visits and monitors the progress of customers’ houses.
Originally published on www.zawya.com
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