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ComorosPersonal loan calculator for Oman 2026
Enter the amount, the term and the bank's rate to see the monthly instalment, the total profit and the true annual percentage rate (APR) including fees. Switch to "Maximum loan for my salary" to apply the salary deduction cap in Oman.
Example: a loan of 10,000 Omani rials over 120 months at a 3% flat rate costs 108 Omani rials a month, with 3,000 in total profit; the equivalent reducing rate is about 5.46%. According to press reports and bank documents (we could not reach the Central Bank website): instalments up to 50% of salary, and 60% with a housing loan. Personal loan terms up to 10 years at banks and 7 years at finance companies (June 2023 circular to finance companies).
Finance details
⏩Early repayment
Repayment schedule
The yearly schedule appears after you calculate.
How the calculation works
- Flat rate: profit is charged on the full amount for the whole term, even as you repay it. Personal loans are usually advertised this way.
- APR: the annual percentage rate is the true yearly cost on the reducing balance, including fees. Compare offers on APR, not on the flat rate.
- Salary deduction cap: your instalments together may not exceed a set share of your salary, and the term has a legal maximum. These two limits set the most you can borrow.
Islamic banks call the bank's return "profit" rather than interest; the arithmetic is the same.
Personal finance rules in Oman
- According to press reports and bank documents (we could not reach the Central Bank website): instalments up to 50% of salary, and 60% with a housing loan.
- Personal loan terms up to 10 years at banks and 7 years at finance companies (June 2023 circular to finance companies).
- A cap of 6% a year on personal loans since October 2013 according to press reports; we have not confirmed that it still applies.
- Early repayment: The key facts statements of several banks state 1% of the amount repaid; we found no official circular.
- Policy rate: The Central Bank of Oman raised the repo rate to 4.5% from 17 September 2026 (press source).
Estimate We could not verify these rules on the central bank's website directly; the figures come from press reports and bank documents.
Sources
Frequently asked questions
How much personal finance can I get on my salary?
The maximum instalment is your salary times the salary deduction cap, minus your existing instalments. The most you can borrow is then worked out over the longest term allowed (120 months in Oman). Choose "Maximum loan for my salary" in the calculator.
How much of my salary can go on loan instalments?
According to press reports and bank documents (we could not reach the Central Bank website): instalments up to 50% of salary, and 60% with a housing loan.
What is the annual percentage rate (APR)?
It is the true yearly cost of the loan on a reducing balance, including admin fees. The Saudi Central Bank and the Central Bank of the UAE require lenders to disclose it. The calculator works it out for you from the flat rate and the fees.
How do I convert a flat rate to a reducing rate?
There is no simple formula, because it depends on the term. The calculator works out the equivalent reducing rate exactly. As a rough guide, the reducing rate is close to double the flat rate on short terms.
Related calculators
Results are estimates for information only. Banks set their own rates and fees within these rules, so check the offer you receive.
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