Schedule of Charges

Description Amount in   VAT Charges VAT Amount in   Total Amount in   inclusive of VAT
Document fees for corporate lease and bills discounts 1% of Financed Amount or as approved for each loan or facility 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 50 5% 2.500 52.500
Cheque bounce charges 5 5% 0.250 5.250
Cheque hold charges 5 5% 0.250 5.250
Change of date of PDCs (excluding interest)   10 + interest 5% (A) x (B) (A) + (C)
Change of PDCs – Bank or Branch 10 5% 0.500 10.500
Issue of Settlement Certificate 5 5% 0.250 5.250
Issue of Balance Confirmation Certificate 5 5% 0.250 5.250
Change in ownership of asset from hirer to Company/Company to Individual 10 5% 0.500 5.500
Replacement of Asset or Additional Security 25 5% 1.250 26.250
Change of Plate Number 10 5% 0.500 10.500
Issue of Duplicate Release letter in lieu of Original Letter 5 5% 0.250 5.250
Issue of letter for Part Settlement/Part 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 10 5% 0.500 10.500
Cancellation of contract after documentation and prior to commencement of installments (Upto loan of   25,000) 5 5% 0.250 5.250
Cancellation of contract after documentation and prior to commencement of installments (above loan of   25,000) 50 5% 2.500 52.500
Preclosure Charges 1% of Outstanding Loan Amount 5% (A) x (B) (A) + (C)
Property Registration as additional Collateral (Muscat) 25 5% 1.250 26.250
Property Registration as additional Collateral (Outside Muscat) 50 5% 2.500 52.500
Property Registration as additional Collateral (Salalah) 100 5% 5.000 105.000
Postponement of Instalment to end of Agreement 10 5% 0.500 10.500
Communication Charges (Individual) 5 5% 0.250 5.250
Communication Charges (Corporate) 25 5% 1.250 26.250
Overseas transfer (in addition to Bank Charges) 5 5% 0.250 5.250
Amendments to LCs/Guarantees (in addition to Bank Charges) 10 5% 0.500 10.500
Sub assignment to Third Party 1 % subject to minimum of   100 5% (A) x (B) (A) + (C)
Issue of letter to Bank for Clearing Cheque 5 5% 0.250 5.250