Mortgages for Foreign Nationals in Oman
Local banks in Oman do issue mortgages to foreign nationals, although the terms and conditions vary based on the lender. Some of the popular lenders in Oman are:
- Bank Muscat
- National Bank of Oman
- Bank Dhofar
- Bank Sohar
Local Lenders in Oman
Banks such as Bank Muscat, National Bank of Oman, Bank Dhofar, and Bank Sohar provide mortgages to foreign nationals in Oman.
- Bank Muscat: https://www.bankmuscat.com/
- National Bank of Oman: https://www.nbo.co.om/
- Bank Dhofar: https://www.bdh.bank/
- Bank Sohar: https://www.soharinternational.com/
Deposit Requirements in Oman
The deposit required for buying a property in Oman varies depending on the lender and the property. Typically, banks require a minimum deposit of 20% of the property value.
Outstanding Debts in Oman
New property owners in Oman are responsible for outstanding debts on the property. Before buying a property, it is advisable to conduct a thorough check of the property’s financial history to ensure that there are no outstanding debts or liabilities.