Eligibility
Fees and Income Categories
Service and administrative fees for financing are determined according to income categories, with the borrower bearing the profit rate, as outlined below:
Income Categories
Profit Rate
Borne by
Borrower
Profit Rate
Borne by
Borrower
- Less than
OMR 4011% - OMR 401-
OMR 10003% - More than
OMR 10004%
Eligibility Criteria for Obtaining Financing:
The eligibility criteria for obtaining a subsidized housing finance for applicants on the waiting list of the Ministry of Housing & Urban Planning and Oman Housing Bank are as follows:
The subsidized housing finance applicant must be an Omani national and married.
The subsidized housing finance applicant should have a stable and consistent monthly income that allows for regular repayment of loan installments to the bank.
The finance applicant should not own a house in the Sultanate.
The finance applicant, as well as their spouse, must not be recipients of the social housing system or any government-supported housing scheme. Additionally, they should neither be beneficiaries nor eligible for subsidized housing or subsidized housing grants from their place of employment.
Purposes of Financing:
The goals for which finance is provided within the 'Iskan' programme are determined as follows:
