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Freeze in personal loan repayments: Oman Central Bank

 

OMAN – Customers with personal loans in Oman banks can get a three-month payment holiday after a new directive from Oman’s Central Bank.

State news agency ONA reported that Oman’s central bank asked banks and financial institutions to freeze repayments of personal and housing loans for three months.

The decision will take effect in May and no additional commission fees will be required from customers, ONA reported.

Banks have also been told to restructure loans if needed. ERA/Expat Media


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