There are a few simple steps involved in procuring a car loan:

  • Select a used car of your choice.
  • Fill up the application form.
  • Submit the required documents to the financial institution in question.
  • Once all parameters are met the financer will give you the 'approval of loan'.
  • You will have to submit PDC's & post approval documents.
  • The loan amount will be disbursed.
  • Your dream car is all yours!

The following entities are eligible for a used car loan:

  • Omani Nationals or Expats having income proof.
  • Valid Companies or Establishments in the Sultanate of Oman.

Submit the required documents to our in-house finance division (AUTOFINANCE). After processing the documents and post all formalities the loan will be disbursed.

Documents required for Nationals Documents required for Expats
Valid National ID Card Passport Copy with VISA page
Valid Driving License. Valid Resident Card
Latest Salary Certificate Valid Driving License
Last 3 months Bank Statements Latest Salary Certificate
Latest Electricity Bill Last 3 months Bank Statements
Post dated Cheques Post dated Cheques


For Companies & Establishments

  • Copy of National ID Card, Sponsor/Partners, Passport & Resident card for expats.
  • Registration Certificate.
  • Chamber of Commerce Certificates.
  • MOCI Sheets.
  • Specimen Signature Form.
  • Latest Electricity Bill & Municipal License.
  • Rental Agreement.
  • Last 6 months Bank Statements.

The financing options vary from one car to another, depend ing on the model/year of manufacturing and are at the financer's discretion. AutoFinance is our preferred financing partner.

The loan tenure options for pre-owned cars are anywhere from 12 to 60 months. For Expats the maximum tenure is 48 months.

The interest is calculated on Flat rate.

You will have to pay a “processing fee”, the amount of which varies from one financial institution to another.

Once you have submitted all the documents required to the financial institution in question, it should take approximately 3 working days to process the payment.