Oman Arab Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Oman Arab Bank is an Omani bank that lends directly to nationals and expatriates whose salary is paid into an OAB branch. Pricing is fixed and terms run to 120, so it suits people planning a long repayment who want the rate locked and the cost predictable.

Key facts

Best for
Low-cost fixed-rate borrowing for people paid a salary into an OAB branch.
APR
3.75% to 4.5% (Source, checked September 26, 2026)
Term
120 months (Source, checked September 26, 2026)
Funding time
48-hour loan approval turnaround (Al Dar Housing Loan) (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Eligibility
Omani nationals and expatriates aged 18 and above with a valid Omani ID or resident card and salary transferred to an OAB branch (Source, checked September 26, 2026)
Loan types
Personal, Car, Debt-consolidation (Source, checked September 26, 2026)
Legal entity
Oman Arab Bank S.A.O.G. (Source, checked September 26, 2026)
Headquarters
Oman (Source, checked September 26, 2026)
Founded
1973 to 1984 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Official website
oman-arabbank.com

Mortgages

Initial rate
4.25% (Source, checked September 26, 2026)
Maximum loan to value
80% to 90% (Source, checked September 26, 2026)
Purpose
Purchase, First-time-buyer, Remortgage (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Oman Arab Bank S.A.O.G. (Source, checked September 26, 2026)
Headquarters
Oman (Source, checked September 26, 2026)
Founded
1973 to 1984 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)

Apps and profiles

Elsewhere
LinkedInXyoutube.com

Pros and cons

Pros

  • The quoted APR of 3.75% to 4.5% on personal, car and consolidation loans sits below the site median, 12%, and well under the upper quartile, 24.92%.
  • The book is fixed rate on a fixed rate, so repayments stay level and the rate does not reset during the agreement.
  • Home finance accepts purchase, first time buyer and remortgage with 80% to 90% loan to value, and an initial rate of 4.25% was quoted at a home financing promotion.

Cons

  • Every product runs on a fixed rate and fixed rate is the only model listed, so there is no variable choice.
  • Support runs on phone and help centre only, so there is no listed chat or email route.
  • The eligibility terms need your salary paid into an OAB branch, which excludes people who bank elsewhere.
Oman Arab Bank

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Scored 9.4 / 10 by BorrowCue.

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Who it suits

  • Omani nationals and expatriates who are adults, hold a valid Omani ID or resident card, and are paid into an OAB branch.
  • People tidying existing balances, since personal, car and debt consolidation includes consolidation lending.
  • Homebuyers and switchers, since purchase, first time buyer and remortgage are covered on the housing side.

Who should look elsewhere

  • Anyone paid into another bank, because the eligibility terms require a salary transferred to an OAB branch.
  • People who want a different market and a wider price range, such as Monzo Flex at 10% to 23%.
  • Readers drawn by a headline cost of no interest, since Cashspace ES lists 0%.

Who runs it

Oman Arab Bank S.A.O.G. is the legal entity behind the brand, with its head office in Oman. Its founding year is listed as 1,973 to 1,984, a span that covers several credit cycles across the Gulf. Customer queries are handled on phone and help centre, and applications run through a branch network rather than an online-only service.

How Oman Arab Bank compares

Where Oman Arab Bank is available

Available
Oman

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does borrowing cost?+

Loans are quoted at an APR of 3.75% to 4.5% on a fixed rate, so the figure holds for the whole agreement. That sits comfortably under the site median, 12%, and well below the upper quartile, 24.92%. No variable option is listed.

How long can I borrow for?+

The published term is 120, a long window for personal, car or consolidation borrowing. For comparison, the site median term is 36 and the upper quartile runs to 60. A longer term spreads repayments but keeps a balance outstanding longer.

Who can apply?+

Applicants must be Omani nationals or expatriates who are adults, hold a valid Omani ID or a resident card, and have their salary transferred to an OAB branch. A direct lender means you apply to the bank itself, and help is offered on phone and help centre.

What kinds of loan are on offer?+

The range covers personal, car and debt consolidation. The same lending book is used for home finance, where purchase, first time buyer and remortgage are all listed as accepted purposes, with 80% to 90% loan to value available. That makes it a sensible single stop for a purchase or a switch.

How long does a decision take?+

48-hour loan approval turnaround (Al Dar Housing Loan) is the published turnaround on the housing side. Timing on other products is set by the branch handling the application, and support runs on phone and help centre while an application is being processed.

Can I borrow against a home?+

Home lending is part of the book, with 80% to 90% loan to value while the site median is 90%. A home financing promotion was quoted at an initial rate of 4.25%, and purchase, first time buyer and remortgage are all accepted purposes.

How do I reach the bank?+

Oman Arab Bank S.A.O.G. serves customers on phone and help centre, which covers phone and written help. There is no listed chat channel, so questions about an application are easier to settle by phone. The bank is a direct lender, so you speak to the lender rather than an intermediary.

Sources

  • oman-arabbank.com checked September 26, 2026

    Backs: Headquarters, Legal entity

    “Muscat. 1 July 2026. Oman Arab Bank (OAB) announced that its Chief Executive Officer”

  • oman-arabbank.com/home/about-us checked September 26, 2026

    Backs: Founded

    “a distinguished legacy dating back to 1973 and a formal establishment in 1984”

  • oman-arabbank.com/home/personal-banking/loans checked September 26, 2026

    Backs: APR, Eligibility, Funding time, Lender type, Loan types, Maximum loan to value, Pricing model, Purpose, Rate type, Term

    “Personal Loan: "Offering the lowest interest rate across the nation starting from 3.75% per annum"; Interest Rate Applied Based on Loan Tenure: 3.75% (12-24 months), 4.00% (25-36), 4.25% (37+), up to...”

  • oman-arabbank.com/home/terms-and-conditions checked September 26, 2026

    Backs: Support channels

    “Call Center Services: download the Call Center Services Terms and Conditions; site footer "Contact us"”

  • oman-arabbank.com/oman-arab-bank-showcases-comprehensive-... checked September 26, 2026

    Backs: Initial rate

    “The Al Dar housing loan from OAB has an interest rate starting from 4.25%, thus making home ownership more accessible to the clients.”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Loan amount, Arrangement fee, Credit check, Representative example.

Oman Arab Bank

Oman Arab Bank

Low-cost fixed-rate borrowing for people paid a salary into an OAB branch.

9.4/10See alternatives

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