Schedule of Charges
Sl.No
Description
Amount
1
Processing/Front End Fee
a
Corporate leases
Upto 1% of the finance amount as per the facility offer letter
b
Used Car Financing
Upto 1% of the finance amount
c
Consumer Finance
Upto RO 35 per contract
2
Cancellation of lease before commencement of instalment/payment to the supplier etc
If lease is not executed RO 50
If lease is Excecuted and then cancelled - at Agreed Loss Value
3
Cheque hold charges
Rental amount
Upto 15 days
Beyond 15 days
Upto RO 150
4
7
RO 151 to RO 500
7
10
RO 501 and above
10
20
4
Dishonour of a Cheque
RO 5 per cheque
5
Penal interest on overdues
2% p.a. over and above the contracted effective rate
6
Transfer of a lease to a third party
RO 40
7
Reschedulement of a lease
Individuals
RO 10
Corporate
RO 20
8
Preclosure of a lease (Not applicable for Transfer/Reschedule)
1% of the Lease capital outstanding
9
Legal expenses
Actual
10
Valuation charges
Actual
11
Change of Registered ownership of the asset
RO 10
12
Replacement of an asset
Finance Amount
Amount
Upto 249999
RO 10
RO 250000 and above
RO 20
13
Substitution of PDCs
RO 5/-
14
NOC for taking vehicle outside Oman
RO 2/-
15
Life Insurance premium
Finance Amount Premium
Upto 5000 - 2 RO
5000-10000 - 3 RO
>10000 - 5 RO
16
Statement of account
RO 2/-
17
Foreclosure statement /Agreed loss value letter
RO 2/-
18
Paid/Unpaid bounce cheque letter
RO 2/-
19
Balance Confirmation letter
RO 2/-
20
No due certificater
RO 2/-
21
Issuing of duplicate Release letter
RO 5/-
 
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