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    Tijarati Small Commercial Loans


    With the Omani economy growing, opportunities for small and medium sized companies have also increased. The impressive rise in trade between Oman, the rest of the Gulf and the world has led to more and more entrepreneurs in Oman setting up new businesses as well as expanding existing ones.

    At National Bank of Oman, we recognize just how vital small and medium size enterprises are to our economy and we understand their need for easy access to loans for any kind of business finance requirements. With Tijarati Banking we provide the finance you need grow your business, maximize the opportunities and realize your dreams.

    Higher Loan Amounts

    Tijarati Banking offers you higher loan amounts up to a maximum of RO 50,000 at very competitive interest rates.

    Flexible Tenures & Installments

    Choose the tenure of your loan up to a maximum of five years so you can repay the loan in affordable, easy installments.

    Security-Free

    A unique feature of Tijarati Banking is that you do not have to provide any collateral. No guarantor required either.

    Zero Hassle

    Your loan is processed quickly and with no hassle whatsoever. For your convenience, we offer an auto-repayment facility through standing instructions to the bank. We also provide a top-up loan service.

    You can avail of a Tijarati Banking business loan if you are:

    • A Business Entity registered in Oman with a valid Certificate of Registration.
    • A Proprietorship, Establishment, Partnership, Limited Liability Company (LLC) or Self-employed professional.
    • Established for a minimum period of two years.

    The following documents will be required to apply for Tijarati Banking business loan:

    • Verified Passport copies of authorised signatories with the valid visa page in case of expatriates.
    • Verified ID copies of Proprietor/Partners.
    • Verified copy of Certificate of Registration.
    • Verified copy of Notarised Power of Attorney/Board Resolution/Memorandum and Articles including Addendum, if any, empowering the company to borrow and empowering the signatories to sign a Bank Agreement on behalf of the company (applicable for Partnership and LLC companies).
    • Last 12 months Bank statement in original.

    Processing fee for new loan - 2% of loan amount
    Processing fee for top up loan - 1% of loan amount

    Insurance Charge - 0.468 per thousand per month

    Early settlement of loan:

    • Up to 12 months 5% of principal outstanding
    • 13-24 months 4% of principal outstanding
    • 24-36 months 3 % of principal outstanding
    • More than 36 months 2% of principal outstanding

    Other charges:

    • Overdue payment charge - 24% per annum of amount overdue
    • Loan balance certificate - RO 2
    • Loan clearance letter - RO 5

    What is Tijarati Business Loan?

    This is an installment-based loan program for small and medium sized companies and self-employed professionals. This loan allows businesses to borrow up to RO 50,000 from the bank to accommodate their business needs whether for short-term working capital funding or to support their expansion plans.

    What is the benefit of availing of a Microfinance Loan over an overdraft?

    Unlike a Business Loan, an overdraft loan is subject to an annual review and recall which could be subjected to a commitment fee if your utilization is low.

    What documents are required for availing Tijarati Business Loans?

    To avail of a Tijarati Business Loan, a customer must initially submit the following documents for the loan application approval:

    • Completed Loan Application form.
    • Verified Passport copies of Authorized signatories with the Valid Visa page in case of expatriates.
    • Verified ID copies of Proprietor/Partners.
    • Verified copy of Certificate of Registration.
    • Verified copy of Notarized Power of Attorney/ Board Resolution/Memorandum and Articles including Addendum, if any empowering the company to borrow and empowering the signatories to sign Bank agreement on behalf of the company (applicable for Partnership and LLC companies).
    • Latest 12 months Bank statement.

    What is the loan amount National Bank can offer?

    The loan amount that NBO can give ranges from RO 10,000 to RO 50,000.

    What is the minimum and maximum tenure I can apply for?

    The minimum tenor is 12 months and the maximum tenure you can apply for is 60 months*.

    What are the repayment modes available for me?

    The repayment modes will be through a standing instruction from a National Bank of Oman account.

    Are there any fees or charges which I have to pay for my loan application?

    Yes there are. A processing fee, as applicable, will be charged and deducted from the loan amount. Insurance will be also be charged as per the product pricing schedule.

    Can I make partial repayments?

    No. National Bank of Oman does not accept partial repayments.

    Can I go for a top-up loan in the future?

    Yes. After 6 months and 6 regular repayments, you may apply for a top-up loan.

    Can I opt for an early settlement of my loan?

    Yes. You may opt for an early settlement of your loan. This would be subject to pre-closure charges, as applicable.

    Do I have to open an account?

    Yes. You have to open a current account (in case you do not have one already) since your loan amount will be credited to your account.

    *Terms and conditions apply. All loans are granted at the sole discretion of National Bank of Oman.

    For more details, call 800-77077 or visit your nearest branch.

    Apply Now





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