The Central Bank of Oman strictly regulates the requirements for getting credit, and there are a lot of documents you must present to your bank. If you are already associated with an international bank such as HSBC, you may be able to avoid some of the paperwork.
Omani and international banks will sell you home loans. Different banks have their own policies regarding foreigners, so check to make sure you can get a mortgage with your preferred bank.
Arab mortgage providers include Alhi Bank Oman, Bank Muscat, and Bank Dhofar Oman. You can also purchase mortgages from international banks such as HSBC.
Many banks will require you to have the following documents:
Foreigners can receive up to 80% cover of the value of their homes, payable over for a maximum of 25 years. Interest rates are affected by your nationality, your credit, and your property, but you can expect to pay a minimum of 7% interest on your mortgage.
The sultan does not allow Islamic banking within Oman. Even though Islamic banks have branches in Oman, they are not allowed to conduct banking under shari'ah (Islamic law).
Home insurance is available through international insurers (e.g. HSBC). Premiums for home insurance with HSBC begin at 7.500 OMR per year.