Insured profile & eligibility
- Business entities based in Oman
- Insures sales of vehicles, machinery or raw materials
- Ideal for product leasing
- Short-term projects based on installments
The extended short-term credit insurance policy insures its holders against the payment default of their corporate buyer for the sales of goods and services, payable by installments, over a period of up to 36 months.
This policy is ideal for both corporates and banks based in Oman. Corporates who lease or sell products and services for a period exceeding 180 days and on installment basis, or are involved in short-term projects with payment installments. Banks can also benefit from such a product, specifically when the financing is made to corporates for the purchase of products (traditionally vehicles and machinery) with payment installments.