NBO signs client mortgage financing agreement with Muscat Bay

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

Starting at just 4.55% for three years and 4.99% for longer, NBO mortgages and home loans come with easy approvals, no caps and special rates on life and property insurance.

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

Paul Jessup, Senior Vice President of Muscat Bay, said: “We are delighted to partner with the National Bank of Oman to provide attractive financing options to potential buyers and residents who want to buy their luxury home here, in the unique resort village of Oman. By offering beneficial home loans to Omanis and expats, NBO is the perfect complement to our growing and sophisticated community, both from Oman, GCC and beyond. Paul Jessup added: “This is the perfect time to invest in Muscat Bay as the launch of our 5 star hotel on Jumeirah Beach will open our offering to a global market creating increased demand for the latest units. for sale in Phase 1. Muscat Bay’s residential offering will also benefit from the Jumeirah Residents Club, which will enable 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 world-class integrated resort.

NBO’s personal and home loans are part of the bank’s commitment to providing competitive, hassle-free financial solutions for everyone. Processed quickly and efficiently, the bank also offers borrowers a host of benefits including flexible payment terms, additional funding and more. Loan rates can vary depending on salary, length of employment and length of loan.

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