| Documentation / Processing fees – Corporates & SMEs |
As per facility letter or up to 1% of loan amount, whichever is higher |
5% |
(A) x (B) |
(A) + (C) |
| Documentation / Processing fees – Individuals |
Up to 1% of loan amount |
5% |
(A) x (B) |
(A) + (C) |
| Reschedulement of loan |
| Product |
Charges |
| Individual and SME |
10 |
| Corporates and Others |
25 |
|
5% |
| Product |
Charges |
| Individual and SME |
0.500 |
| Corporates and Others |
1.250 |
|
| Product |
Charges |
| Individual and SME |
10.500 |
| Corporates and Others |
26.250 |
|
| Transfer of Loan |
60 |
5% |
3.000 |
63.000 |
| Cheque bounce charges (per bounce) – Individual |
RO 7.5 every time |
5% |
(A) x (B) |
(A) + (C) |
Cheque bounce charges (per bounce) – Company |
RO 15 every time |
5% |
(A) x (B) |
(A) + (C) |
| Cheque Holding Charge – Individual |
7.5 |
5% |
0.375 |
7.875 |
| Cheque Holding Charge – Company |
EMI < 250 → Charge 10
EMI > 250 → Charge 15 |
5% |
(A) x (B) |
(A) + (C) |
| Change of date of PDCs (excluding interest) |
15 |
5% |
0.750 |
15.750 |
| Change of PDCs – Bank or Branch |
15 |
5% |
0.750 |
15.750 |
| PDC handling Charges (if customer does not provide e-mandate) |
25 |
5% |
1.250 |
26.250 |
| Late Payment Penal Interest |
IRR + 2% |
5% |
(A) x (B) |
(A) + (C) |
| Foreclosure / Settlement certificate |
5 |
5% |
0.250 |
5.250 |
| Balance confirmation letter |
5 |
5% |
0.250 |
5.250 |
| Change in ownership of asset / plate / Taxi / NOC etc. |
10 |
5% |
0.500 |
10.500 |
| Replacement of Asset or Additional Security |
30 |
5% |
1.500 |
31.500 |
| Issue of Duplicate Release letter in lieu of Original Letter |
5 |
5% |
0.250 |
5.250 |
| Letter for part settlement / release |
10 |
5% |
0.500 |
10.500 |
| Issue of NOC for taking vehicle outside of Oman |
10 |
5% |
0.500 |
10.500 |
| Addition or deletion of Guarantors |
15 |
5% |
0.750 |
15.750 |
| Cancellation of contract after documentation and prior to commencement of installments (Upto loan of 25,000) |
25 |
5% |
1.250 |
26.250 |
| Preclosure Charges |
1% of Outstanding Loan Amount |
5% |
(A) x (B) |
(A) + (C) |
| Property Registration as additional Collateral (Muscat) |
50 |
5% |
2.500 |
52.500 |
| Property Registration as additional Collateral (Outside Muscat) |
100 |
5% |
5.000 |
105.000 |
| CR Mortgage |
0 |
5% |
0.000 |
0.000 |
Release of CR Mortgage |
25 |
5% |
1.250 |
26.250 |
| Communication Charges (Individual) |
Tenor < 5 years: RO 10
Tenor > 5 years: RO 15 |
5% |
(A) x (B) |
(A) + (C) |
| Communication Charges (Corporate) |
Tenor < 5 years: RO 50
Tenor > 5 years: RO 100 |
5% |
(A) x (B) |
(A) + (C) |
| Amendments to LCs/Guarantees (in addition to Bank Charges) |
20 |
5% |
1.000 |
21.000 |
Head Office- Alkhuwair, Muscat, Oman
