Auto Finance

It feels good to have the luxury of choice, and your choice of a car is now within your reach. Auto Finance from Sohar Islamic offers a fully Shariah-compliant product in line with your values that provides the finance you need to buy exactly the car you want. Whether it’s an SUV for the family or a sports convertible, Sohar Islamic Auto Finance makes it affordable, with no compromise on your principles. You choose, we enable. It’s just one part of our commitment to providing the highest levels of excellence in everything we do.

Features

  • Financing available up to 80%
  • Shariah compliant auto financing solution for new & used cars
  • Financing available with Salary & without Salary transfer
  • No Joint Registration/mortgage required with Salary Assignment
  • Financing Period:
    • New car up to 7 years
    • Used car up to 5 years

Benefits

  • Competitive Rates
  • Quick processing
  • Financing available for all major brands
  • Availability of higher financing limit

Documents Required:

Omani Nationals : National ID
GCC Nationals : Passport or Country ID
Expatriates : Resident ID & Passport with valid visa
For New car : Quotation of the car in favour of Sohar Islamic

For Salary Transfer:

  • Salary Certificate issued by the employer
  • Salary Assignment letter from the employer in favour of Sohar Islamic

Without Salary Transfer:

  • Bank Statement
  • Salary Certificate issued by the employer
  • Post Dated Cheques (PDC)

Eligibility:

Omani Non Omani
Minimum Monthly Salary RO 300 RO 400
Minimum Service 3 months 3 months
Minimum Age 18 years 25 years