To evaluate your qualification, the minimum set of documents required are your ID card, salary certificate (mentioning your salary and date of employment) and your bank statements of the previous 6 months (for non-BankMuscat account holders or account holders whose salary does not get credited to their BankMuscat account).

In addition, there could be additional documents depending on the size of the loan required or other requirements of the bank.

If you qualify, you need to provide a salary assignment letter from your employer addressed to BankMuscat.

Salary assignment is a written declaration from the employer informing the bank that your salary will be credited/assigned to your account at Bank Muscat, till such time you work for your employer, unless there is a written release from the bank. This letter should clearly mention your salary and your account number with us.

The bank announces an installment deferral for certain loans on special occasions such as Eid, to enable our customers to have a cash flow to meet their personal expenses that month.

This is announced in the public media. Customers who do not want to avail this deferral have the option of approaching the bank within a stipulated date to opt out of the deferral given.

While installment deferrals are common, they are, however, entirely at the discretion of the bank and not a commitment for future deferrals on similar occasions.

A guarantor can be a person who has assigned his/her salary to BankMuscat and who meets the credit qualification criteria of the bank. If he/she has been approved to qualify, a signature on the loan application form will confirm that he/she stands as guarantor for the particular loan.

However, a guarantor may not be required for all loans. At the time of processing the loan, the bank will inform you if a guarantor needs to be provided. When you provide the guarantor's name and account number, the bank will evaluate and inform you whether the person qualifies as a guarantor.

The basic parameters considered for qualification are the age, salary, length of service, employer and repayment capability of the person proposed as a guarantor. However, the bank may use additional criteria depending on the loan amount, type of loan, etc.