National Bank of Oman (NBO), the first local bank in Oman, has entered into a partnership agreement with Alfardan Hotels and Resorts to offer finance facilities for buyers interested in purchasing a property within The Residences at The St. Regis Al Mouj Muscat.
NBO’s unique housing loan offerings let buyers purchase Muscat’s most luxurious destinations with up to 90 percent funding of the property value including registration fee, mortgage charges, and insurance premium starting at as low as 4.99 percent per annum, reducing the balance rate.
“We’re delighted to be joining hands with Alfardan Hotels and Resorts, adding to our growing portfolio of international partnerships. Nowadays people are looking for homes in prime locations, and these highly sought-after properties offer plenty of options for buyers. Whether young newlywed couples or growing families, we’re here to support them every step of the way, while adding value to their overall banking experience.”
Mr. Faisal Al Shanfari, Country Manager of Alfardan Properties Development LLC added, “The Residences at The St. Regis Al Mouj Muscat provides an extraordinary escape stretching along 360 meters of Al Mouj Muscat’s beachfront, and providing buyers with an exclusive opportunity for investment.”
The Residences at The St. Regis Al Mouj Muscat features an array of luxury apartments, duplexes and townhouses. An ideal real estate investment opportunity in Oman, the project will entitle its residents to a freehold title deed upon purchase.
In addition to the access to The St. Regis signature lifestyle and first-class services ranging from private butler service, 24-hour concierge to ‘à la carte’ offerings, residents can benefit from exclusive access to a modern health club, deluxe wellness center and spa, spacious swimming pools, and a kids club alongside high-end meeting rooms, a grand ballroom, and a well-appointed business center.
The bank’s personal and housing loans are part of its commitment to deliver hassle-free, competitive financial solutions. Processed quickly and efficiently, the bank provides borrowers a host of benefits including flexible payment terms, additional financing, and much more. However, the loan rates may vary depending on salary, length of employment and duration.