Sohar International and its Islamic banking window Sohar Islamic have launched a Ramadan auto finance campaign offering rates starting from 3.45 per cent, targeting customers seeking vehicle financing during the Holy Month.
Under the campaign, Sohar International is providing conventional auto loans with interest rates starting from 3.45 per cent, while Sohar Islamic is offering Shariah-compliant auto financing with profit rates also starting from 3.45 per cent. The initiative is structured within defined risk and pricing frameworks to support responsible lending and sustainable growth.
The Ramadan auto finance campaign by Sohar International offers repayment tenors of up to 10 years, allowing customers to structure instalments in line with income cycles and financial planning priorities.
The bank is also providing complimentary vehicle registration coverage of up to $103.90 (OMR 40), in addition to motor protection support of up to $259.74 (OMR 100) when insurance or takaful policies are arranged through approved partners.
The offer is available to Omani nationals and expatriate residents, subject to income, employment and age criteria. Eligibility begins from 18 years for Omani nationals and 21 years for expatriates, with a maximum age of 65 years at finance maturity.
The campaign is open under both salary transfer and non-salary transfer arrangements and applies to financing for new and used vehicles, supported by a defined documentation framework.
Sohar International stated that it continues to monitor market dynamics and customer purchasing trends to refine its product propositions in line with prevailing conditions. The campaign reflects its approach of combining market responsiveness with structured credit standards and disciplined execution to maintain competitiveness and long-term financial sustainability.
Abdul Qadir Al Sumali Chief Retail & Premier Banking Officer – Sohar International
“Ramadan represents a period of heightened consumer activity, and our responsibility as a leading financial institution is to respond with solutions that balance accessibility with prudent financial discipline. This campaign has been structured within a clearly defined risk and pricing framework, ensuring that competitiveness does not come at the expense of sustainability. Our objective is not merely to stimulate demand, but to enable informed financial decisions through transparent pricing, structured tenors, and value-added features that enhance overall affordability. By aligning our auto finance proposition with evolving customer behavior during the Holy Month, we reinforce our commitment to responsible lending, portfolio quality, and long-term customer financial wellbeing.”
Fahad Akbar Al Zadjali, Head of Sohar Islamic, said, “Our approach to Islamic auto finance is rooted in delivering solutions that uphold ethical principles while remaining practical for modern financial requirements. This campaign reflects our focus on transparency, fairness, and responsible structuring, ensuring customers benefit from financing that is both Shariah-compliant and aligned with their long-term financial wellbeing. We continuously work to refine our offerings so they not only meet market expectations but also reinforce trust, clarity, and value at every stage of the customer journey, particularly during Ramadan, a time when financial decisions often carry deeper personal significance.”
