Oman: Interest on govt loans for 2021, licence fees for 3 years waived
Published 02 Jan,2021 via Muscat Daily - On the orders of His Majesty Sultan Haitham bin Tarik, the Ministry of Finance has approved a package of facilities and incentives for citizens and the private sector for the year 2021.
The incentives include loans from Oman Housing Bank, with the annual sum earmarked for annual borrowing during 2021 to be increased from RO60mn to RO100mn.
‘This will help increase the number of loan applications from 1,350 to about 2,250 for the year 2021 and will help reduce the waiting period for citizens to obtain housing loans,’ a statement from the Ministry of Finance said.
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Muscat Daily