For the purpose of supporting the SMEs and Individuals to overcome the prevailing economic conditions and in line with the Central Bank of Oman, National Finance is offering instalment deferment for it’s customers as detailed below.
Corporate and SME Customers:
|Customer Type||Corporate and SME customers including self-employed, such as small traders/ businesses.|
|Number of months EMI deferment||Up to 6 months|
|Interest Accrual||Interest will continue to accrue on the principal outstanding for the period of the deferment at the contracted rate of the loan|
|How to apply?|
|Customer Type||1) Omani customers employed in the private sector who have been terminated from job from 01 January 2018 onwards due to reasons related to financial position of employer or the termination of the employer work contract.|
2) Omani customers employed in the private sector where monthly salary has been reduced due to Covid-19 situation.
|Number of months EMI deferment||1) Upto 12 months for Omani customers who have been terminated from job|
2) Upto 3 months starting from May, 2020 Salary for Omani customers whose monthly salary has been reduced due to Covid-19 situation.
|Interest Accrual||Interest for the period of deferment would be waived.|
|How to apply?||Required Documents|