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Deferment of Instalment

WE ARE WITH YOU
IN YOUR TIME OF NEED

Are you directly affected by the recent Coronavirus Outbreak? Your financial wellbeing is a priority for us. So if you have availed financing from Bank Nizwa – and are finding it difficult to meet your financial commitments, we want to help.

1. RELIEF FOR DIRECTLY IMPACTED CUSTOMERS

As a Bank Nizwa customer, if you have been directly affected by the Coronavirus Outbreak through:

  • Loss of job,
  • Loss of pay / Involuntary unpaid leave / Reduction of salary,
  • Medical grounds for self and/or immediate family members, or
  • Any other related financial hardship

You are entitled to repayment deferral for a period of 6 months.

How can I apply?

  1. Download the form from here
  2. Fill in and sign the form (if you can not print the form you may handwrite it in any language)
  3. Email the form alongside the below mentioned required documents and ID card to [email protected]

Required Documents

Reason Documentation

Loss of job

Employer’s letter

End of Service Benefits credit in salary account

Loss of pay due to forced unpaid leaves

Employer’s letter

Payslip showing the reduction in salary

Permanent reduction in salary

Employer’s letter

Payslip showing the reduction in salary

Medical expenses due to self/ family sickness (1st blood /spouse)

Medical reports

Documents to establish the relationship

Any other reasons for financial hardship

Documents substantiating the cause

2. CUSTOMERS WITH NET SALARY OF 1,500 OMR OR LESS, TRANSFERRED TO BANK NIZWA

You are entitled to a repayment deferral of May, June and July 2020 instalments for your Home Finance (Ijjara/ Diminishing Musharika); if you are getting a net salary of OMR1500 or less per month.

To avail this service you have to submit your request via email before the below mentioned dates:

Date Instalment deferral month
7th May 2020 May/June/July
11th June 2020 June/July
9th July 2020 July

How can I apply?

  1. Download the form from here
  2. Fill in and sign the form (if you can not print the form you may handwrite it in any language)
  3. Email the form alongside your ID card to [email protected]
3. CUSTOMERS IN THE PRIVATE SECTOR WHOSE SALARIES ARE REDUCED/WITHHELD

Because we care for our customers, if you are among those whose salaries are reduced or withheld, you can avail a deferral on your Home, Auto and Personal Finance installments for up to 3 months, without any additional profit amount or extra charges.

How can I apply?

  1. Download the form from here
  2. Fill in and sign the form (if you can not print the form you may handwrite it in any language)
  3. Email the form along with your ID card and supporting documents from your employer to show salary reduction/withholding to [email protected]

FAQs

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