Bank Muscat, the flagship financial services provider in the sultanate, and Zain Development signed a memorandum of understanding (MoU) to provide attractive baituna home finance for Dar al Zain phase 5 & 6 projects in Sur al Hadid, Seeb.
Abdullah Tamman al Mashani, AGM – Direct & Institutional Sales, and Mohammed Moosa, chairman of Zain Development, signed the MoU at Dar al Zain project premises.
Mashani said, “Bank Muscat is proud to be associated with Dar al Zain project and facilitate attractive baituna finance for prospective home buyers. The real estate sector is a major component of the national economy and Bank Muscat is committed to extending all possible support to achieve the objective of a ‘home for every family’, especially youth.
“Baituna home finance is aimed at offering citizens and residents easy access to mortgage finance, thereby contributing to revitalisation of the real estate sector and enhancing its role in the national economy.”
Moosa said, “We are happy to join hands with Bank Muscat to provide attractive home deals for citizens. The association between the two institutions will give a boost to the real estate sector and benefit citizens across Oman to fulfill their dream homes.”
Dar al Zain is a unique residential project located in Sur al Hadid in the wilayat of Seeb. The phases 5 and 6 of the project comprise 129 villas.
Baituna home finance is among the lowest interest rate with the maximum loan tenure up to 25 years for Omani customers.
With extended loan tenure and the lowest interest rate, Bank Muscat facilitates the best home finance deals in the sultanate. Citizens and residents can avail easy and convenient credit approval across the bank’s branches in the sultanate.
SOURCE: Muscat Daily