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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

OAB launches instant easy payment plan

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MUSCAT: Oman Arab Bank (OAB) is proud to launch its Instant Easy Payment Plan for all OAB credit card customers. Thanks to this plan, customers will be able to buy their favourite items and pay through 12 monthly equal installments with 0% interest rate and no further documents required.


The new OAB Instant Easy Payment Plan gives customers the opportunity to defer their payments when purchasing items from OAB partnered merchant stores such as MI Store, Home Center and Carrefour. OAB credit card holders can request their Instant Easy Payment Plan directly at the checkout counter, and enjoy 12 monthly installments at 0% interest for any items of minimum RO 100.


It is a simple process: after asking for the OAB Instant Easy Payment Plan at checkout, customers will swipe their OAB credit card and receive an SMS link which will re-direct them to the Instant Easy Payment Plan homepage. After agreeing to the terms and conditions, their purchase will be converted instantly into a 0% Instant Easy Payment Plan.


Rashad al Shaikh, Head of the Retail Banking Division at OAB stated: “We are pleased to launch the Instant Easy Payment Plan which gives all OAB credit card holders the opportunity to instantly benefit from a payment option at 0% interest. This product is a great addition to the range of offers and rewarding services that are available to all our valued customers. By launching the Instant Easy Payment Plan, OAB also reiterates its commitment to financial inclusion by supporting all segments of society in building their lives without compromising their budget. This new plan will give our credit card customers both convenience and flexibility in their daily lives.”


When using IEPP the customer credit card limit will be reduced by an amount equal in value of the purchase made through EPP. The balance will, however, increase proportionately with every monthly installment settled by you. OAB credit cards holder will also enjoy the reward programs and will have a chance to earn reward points according to the amount spent using the card.


OAB customers can always check the Bank’s website for new offers throughout the year to get the most value out of their cards.


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