Your cookie choices

We use necessary cookies to make this site work. With your permission, analytics cookies help us understand usage and marketing cookies support advertising.

You can reject non-essential cookies and still use the site. Change your choices anytime in Cookie settings.

Cookie settingsCookie policy

National Bank of Oman review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

National Bank of Oman serves Oman-based savers and borrowers with easy-access savings paying a variable rate of 0.1% to 3.25% and personal loans arranged directly. It suits people who want savings, cards and loans from one bank, and expats working in Oman who prefer branch counters for deposits and withdrawals.

Key facts

Best for
Branch-based savers and borrowers in Oman who want savings, loans and cards from the same bank.
Monthly fee
OMR 0.00525↗
Card type
Debit↗
Legal entity
National Bank of Oman SAOG↗
Headquarters
Oman↗
Founded
1973↗
Support channels
Phone, Help-centre↗
Features
Rewards
Audience
Expats
Official website
nbo.om

Personal insurance

Premium from
OMR 4↗
Insurance types
Auto, Life, Health, Critical-illness↗
Provider type
Broker↗
Monthly payments
Yes↗
Excess from
OMR 50↗
Cover limit
OMR 20,000 (sum assured, Premium Plan, accidental death)↗
Claims channels
Branch↗
Age range
18-65 years↗
Pricing model
Monthly

Loans

Term
6 to 120 months↗
Arrangement fee
26.250 incl. VAT↗
Rate type
Variable↗
Lender type
Direct lender↗
Free early repayment
No↗
Eligibility
18-60 years; Omani nationals min salary OMR 300 per month, new expatriates working in Oman min salary OMR 500, existing expatriate customers min salary OMR 300↗
Loan types
Personal, Debt-consolidation, Credit-line↗

Savings

Headline rate
0.1% to 3.25%↗
Minimum deposit
OMR 5↗
Access terms
Easy access: unlimited deposits and withdrawals per day across branches; ATM withdrawal limit 750-2000↗
Account kind
Easy access↗

Credit cards

Rewards type
Points↗
Card kind
Credit↗

Mortgages

Fixed period
25 years↗
Maximum loan to value
80%↗
Product fee
OMR 50↗
Purpose
Purchase, Remortgage↗

Facts checked September 26, 2026, 11 sources

Apps and profiles

Get the app
App Store

Pros and cons

Pros

  • Unlimited deposits and withdrawals per day across branches, with a set withdrawal limit at cash machines.
  • Savings pay a variable rate of 0.1% to 3.25%, and the top of that range clears the 3% median for easy-access accounts.
  • Lending is direct (direct lender) across personal, debt consolidation and credit line loans, with an arrangement fee of 26.250 incl. VAT on personal loans.
  • A debit card for daily spending sits alongside credit cards, with points rather than cash back.

Cons

  • Free early repayment is not offered on the personal loans, so settling the balance sooner comes at a cost.
  • The savings rate is variable, so the return can move with the bank instead of being locked in.
  • Support runs on phone and help centre only, and insurance claims are handled at the branch.
National Bank of Oman

Ready to try National Bank of Oman?

Scored 9.3 / 10 by SumCue.

See alternatives

Who it suits

  • Omani nationals and expats working in Oman who bank in person.
  • Savers who want a small entry point of OMR 5 and unlimited branch transactions each day.
  • Borrowers arranging personal, debt consolidation and credit line lending with the bank itself over terms of 6 to 120 months.

Who should look elsewhere

  • Anyone after a fixed return, because the savings rate is variable.
  • Borrowers who plan to settle a personal loan early, as free early repayment is not offered.
  • Homebuyers needing a loan to value above 80%.

Rates and terms

Savings pay a variable rate of 0.1% to 3.25%, so the return tracks the bank rather than staying fixed for a set period. The top of that range sits above the 3% median for easy-access accounts. Borrowing runs over terms of 6 to 120 months, so a personal loan can be cleared over a short stretch or a much longer one.

Who runs it

The provider is National Bank of Oman SAOG, a bank headquartered in Oman and founded in 1973. Contact runs through phone and help centre: a phone line and a help centre handle most questions, with a claims service that also operates at the branch counter. Branch access suits people who prefer in-person banking.

How National Bank of Oman compares

Where National Bank of Oman is available

Available
Oman

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

What rate does the savings account pay?+

The account pays a variable rate of 0.1% to 3.25%, so the figure can move rather than being fixed for a set period. That top end sits above the 3% median for easy-access accounts. Access is the priority: unlimited deposits and withdrawals per day across branches.

Is there a minimum deposit to open the account?+

Yes. The minimum deposit is OMR 5, small enough for most savers to open an account and add to over time. For scale, the median minimum deposit across easy-access accounts on the site is €0.88.

What does it cost to hold an account or borrow?+

There is a monthly fee of OMR 0.0053 on the savings account. Borrowing adds an arrangement fee of 26.250 incl. VAT on personal loans, and a housing loan carries a product fee of OMR 50. The charges are light on holding an account and heavier when you take on credit.

Who can borrow, and over what term?+

The bank lends directly rather than through a broker, covering personal, debt consolidation and credit line loans over terms of 6 to 120 months. Eligibility rests on a minimum salary, and new expatriates working in Oman are held to a higher minimum than existing customers and Omani nationals.

Can I repay a personal loan early without a charge?+

No. Free early repayment is not offered on the personal loans, so a borrower who wants to settle the balance sooner needs to weigh that against the planned end date. Lending runs over terms of 6 to 120 months, which sets how long the repayments last.

What card comes with the account?+

The bank issues a debit card for everyday spending, alongside credit cards. Rewards run on points rather than cash back, and cash machine withdrawals are subject to a set limit. Card charges and any foreign spending fee depend on the card you pick.

How do I make a claim on the protection side?+

Insurance claims run through a branch, and general support uses phone and help centre. The bank acts as a broker for auto, life and health cover, with premiums starting at OMR 4 and monthly payments available. The life plan's premium tier includes OMR 20,000 (sum assured, Premium Plan, accidental death) of sum assured for accidental death.

How much can I borrow for a home?+

Housing loans cover purchase and remortgage and reach a maximum loan to value of 80%, with a repayment period running to 25 years. A product fee of OMR 50 applies to the facility, and the bank arranges the lending itself rather than through an intermediary.

Sources

Compiled from 11 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Currency conversion fee, Free ATM withdrawals, Protection.

National Bank of Oman

National Bank of Oman

Branch-based savers and borrowers in Oman who want savings, loans and cards from the same bank.

9.3/10See alternatives