Oman Housing secures OR77m loan

April 10, 2014 10:25 am

Oman Housing Bank (OHB) has signed an agreement with the Arab Fund for Economic and Social Development (AFESD) for a loan facility of OR55m to partly meet the annual loan programmes provided by the housing bank, Times of Oman has reported. The loan will be repaid in 37 bimonthly instalments after four-year grace period from the date of disbursing the first portion of the loan. The loan term is 23 years.