CBO clarifies on personal, housing loans
Published: 12:11 PM,Nov 01,2025 | EDITED : 04:11 PM,Nov 01,2025
The Central Bank of Oman (CBO) has stated that the maximum deduction percentage from the salary for a personal loan is 50 percent and 60 percent for a housing loan.
The bank added that the shorter the loan term, the lower the interest rate. Deferring installments means an increase in the interest rate and a longer loan term