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Green Finance · EV Finance  ·  Oman Vision 2040

The road is
changing.

Hero Image
Lifestyle · New Car
80%
Max finance of vehicle price
60mo
Maximum tenure
1hr
Approval in as little as
138%
EV growth in Oman, 2024–25
Product Details
What you need to know

Straightforward EV finance — all makes and models, new and imported. Terms at a glance; your advisor confirms the exact figures when you're ready.

Eligible Vehicles
All electric vehicles — new & imported
Finance Amount
OMR 1,000 – OMR 50,000
Finance Cover
Up to 80% of vehicle value
Tenure
6 – 60 months
Down Payment
From 20% of vehicle value
Indicative Rate
From 5.5% p.a. (flat)
Early Settlement
Available — terms apply
Insurance
Comprehensive cover required
Who Can Apply
Salaried employees
Min. OMR 300/month
Professionals
Doctors, lawyers, engineers
Business owners
SME registered in Oman
GCC residents
Valid residency · 6+ months employment
All applicants subject to BCSB credit check. Final eligibility confirmed by your advisor.
Why it matters
A smarter way to own a car
Cost Efficiency
Electricity costs a fraction of petrol per kilometre. Over a standard finance tenure, the difference in running costs is meaningful — and it compounds year on year.
Lower Servicing Costs
Fewer moving parts means fewer visits to the workshop. No oil changes, no timing belts, no exhaust system. An electric drivetrain is engineered to demand less.
Social Responsibility
The shift to electric is a deliberate choice — for cleaner air, reduced emissions, and a more sustainable Oman. A direction Vision 2040 has set in motion, and one UFC is proud to support.
Car Finance Calculator
Estimate your monthly payment

Move the sliders to find a number that works for you. Your advisor confirms the exact rate when you apply.

Finance Amount OMR 15,000
OMR 1,000OMR 50,000
Tenure 36 months
6 months60 months
Estimated Monthly EMI
OMR 456
per month · 36 months · OMR 15,000
Finance Amount
OMR 15,000
Total Interest
OMR 2,475
Total Repayment
OMR 17,475
Indicative Rate
5.5% p.a.
Indicative only — final rate confirmed by your advisor. Subject to credit approval.
Simple process
Three steps to your car

Most approvals complete the same business day. Having your documents ready is the only thing that speeds it up.

01
Submit your application
Call 80008322, WhatsApp 9266 7773, or visit any branch. Share your documents and a few details about the vehicle you want.
02
Get your decision
Our team reviews and processes your application. Most customers receive a decision in as little as 1 hour — we contact you directly.
03
Drive away
Sign your finance documentation and we disburse funds directly to the dealership. You collect the keys.
Funds disbursed directly to the dealer — no cash handling required. Subject to credit approval.
Happy with these numbers? Leave your details and we'll call you back.
What to prepare
Documents required

Four documents. Have these ready and your application can be processed in as little as 1 hour.

01
National ID or Residence Card
Original + copy. Omani national ID or valid GCC residence card. Must be current and not expired.
Identity
02
Salary Certificate
Original, issued within the last 3 months. Must show your name, employer, and monthly salary clearly.
Income
03
Bank Statements
Last 3 months. Shows salary credits and existing financial commitments. Required for all applicants.
Financials
04
Vehicle Proforma / Dealer Quotation
Issued by your chosen dealership. Must show the vehicle make, model, year, and purchase price.
Vehicle
The application form is included in your document pack. Your advisor will confirm if anything else is needed for your specific situation.
Common questions
Frequently asked questions

UFC finances all makes and models of electric vehicles — new and imported. Whether you're considering a Tesla, BYD, Hyundai IONIQ, Kia EV, or any other fully electric model available in Oman, we can structure finance for it.

Is the rate different for EVs compared to regular car finance?

Indicative rates start from 5.5% p.a. flat — in line with our standard vehicle finance. Your exact rate depends on the finance amount, tenure, and your credit profile. Your advisor confirms this before you apply.

How much can I finance?

UFC finances up to 80% of the vehicle value, from OMR 1,000 up to OMR 50,000. The minimum down payment is 20%. Your advisor can walk you through scenarios based on the vehicle you have in mind.

Are EVs more expensive to insure in Oman?

Comprehensive insurance is required for all financed vehicles at UFC, including EVs. EV insurance in Oman is still evolving — your advisor can point you to suitable providers. Generally, EVs have lower maintenance costs which can offset higher insurance premiums over time.

How does EV finance align with Oman Vision 2040?

Oman's national strategy targets 25% of new vehicle sales to be electric by 2030, rising to 66% by 2040. By offering EV finance, UFC supports this transition — making it easier for Omani residents and businesses to make the shift without the full upfront cost.

Can I settle my EV finance early?

Yes. Early settlement is available on all UFC finance facilities, including EV finance. Charges and rebates follow UFC's standard schedule in line with Central Bank of Oman regulations. Contact your advisor for a settlement quote.

Ready to apply?
Get your car.
Start today.
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