Auto finance

It feels good to have the luxury of choice, and your choice of a car is now within your reach. Auto Finance from Sohar Islamic offers a fully Shariah-compliant product in line with your values that provides the finance you need to buy exactly the car you want. Whether it’s an SUV for the family or a sports convertible, Sohar Islamic Auto Finance makes it affordable, with no compromise on your principles. You choose, we enable. It’s just one part of our commitment to providing the highest levels of excellence in everything we do.

Seamless car ownership

Get profit rates starting from 3.35% on your dream car with competitive, Shariah-compliant rates. Enjoy quick approvals and hassle-free processing, with financing available for all major brands.

Visit Sohar Islamic today. Offer valid until 30 June 2024.

DetailsNormal CarsEnvironment Friendly Cars
(Electric / Hybrid)
TenureDuration
Auto Finance3.45%3.35%1 yearValid until 30 June 2024
3.90%3.80%2 years
4.95%4.80%more than 2 years

Features

Financing up to 80% from the market value

Shariah compliant auto financing solution for new & used cars

No joint registration / No mortgage required with salary assignment

 

Financing Period:

  • New car up to 7 years
  • Used car up to 5 years

Benefits

Competitive Rates

Quick processing

Financing available for all major brands

Availability of higher financing limit

Documents Required:

Omani Nationals : National ID

GCC Nationals : Passport or Country ID

Expatriates : Resident ID & Passport with valid visa

For New car : Quotation of the car in favour of Sohar Islamic

Account Statement last 6 months

For Salary Transfer:

Salary Assignment letter from the employer in favour of Sohar Islamic

Without Salary Transfer:

Account Statement last 6 months

Salary Certificate issued by the employer

Post Dated Cheques (PDC)

Eligibility:

OmaniNon Omani
Minimum Monthly SalaryRO 300RO 400
Minimum Service3 months3 months
Minimum Age18 years25 years

Are you interested?

Send your details