Nearly 40% of Oman’s population are expatriates. If you’re an Australian expat buying property in Australia from Oman, we can help! We know how to find the right mortgage for your Australian property purchase.

Australian Expat Mortgage in Oman

Here is everything you need to know about expats in Oman finding Australian home loans.

Variable, Fixed, or Interest-Only

Australians in Oman are eligible for all loan products, from fixed-rate loans to interest-only repayments for up to 15 years. After the agreed period, all loans revert to competitive variable-rate loans.

Expats can also enjoy guarantor loans, enabling them to borrow up to 105% of the property value.

Loan Size and Term

Australian expatriates can borrow up to 90 – 95% LVR, with no limit on maximum loan size. All Australians and foreign nationals can borrow for a maximum of 30 years.

Home Loan Package: Offsets and Redraw

Most lenders offer additional loan features, from offsets and redraws to lines of credit, to all Australians. To negotiate extra facilities, make sure you improve your borrowing power and speak to a professional about your loan options.

How Do Lenders View the Omani Rial?

The Omani rial is a tier 2 currency. Therefore, as most lenders are unfamiliar with the currency, you might need to speak to a specialist lender. Even then, they will likely only consider between 60 – 80% of your total income.

Pros and Cons

Take a look at the pros and cons of an Australian expat mortgage in Oman.

Pros Cons
Australian expats can borrow up to 90 - 95% LVR with competitive interest rates.
Australia and Oman do not have a tax treaty.
Some lenders might use Omani tax rates to assess your borrowing power. Oman has 0% personal income tax.
You will need to enlist a licensed professional to translate foreign financial documents for Australian lenders.
Self-employed expats in Oman can borrow up to 80% LVR.
Some lenders might require Australian expats in Oman to have a Power of Attorney in Australia.

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Mortgage Features

Here are the main mortgage features of an expat mortgage in Oman:

Feature Details
Deposit Size
Australian expats in Oman can get a loan with as little as 5% deposit. However, most lenders prefer deposits of around 20% otherwise the borrower will have to pay Lenders Mortgage Insurance. Omani nationals might need to offer a deposit nearer 30%.
Borrowing Power
Borrowing power is significantly affected by earning in a foreign currency. As a tier 2 currency, the Omani rial is less stable. Therefore, most lenders only look at 60 - 80% of your net income. You might find your borrowing power takes a hit.
Repayment Options
Most lenders will allow Aussie expats and Omani nationals to choose repayment plans of monthly, weekly, or fortnightly. Plus, expats can make extra repayments and pay off their loan early without facing a penalty.
Interest Rates
All Australians are eligible for competitive interest rates, whether living abroad or back home. Our specialist expat mortgage brokers can help you find low interest rates and the right home loan product for your needs.

Key Facts

Just under half the Omani population is made up of expatriates.

Lenders offer competitive interest rates and high LVR to Aussie expats in Oman.

Applying for Australian Expat Mortgage in Oman

When applying for an Australian mortgage as an Omani or expat in Oman, you’ll need to meet the lender’s eligibility criteria.


Make sure you apply with a lender who specialises in home loans for Australians in Oman.

  • A good credit score or history of making repayments on time.
  • Australian citizenship (if you’re an expat).
  • 20 – 30% deposit if you’re an Omani national.
  • Over 18 years of age.

Documents required

  • Two forms of income verification, such as recent payslips, an employment letter, or a tax return.
  • Form of identification, such as a passport, driver’s licence, or birth certificate.
  • Details of your expenses, such as other credit liabilities and living costs.

Other Considerations

Double Taxation Agreement

Currently, non-residents in Oman have to pay 15% taxes on professional, commercial, or industrial activities. However, there is no personal income tax rate in Oman. Therefore, Australia has no tax treaty with Oman.

FIRB Approval

Australians in Oman don’t need FIRB approval to purchase a property, even if you have an Omani spouse. However, Omanis purchasing a property solely will need to apply for FIRB approval. Plus, foreign nationals can only purchase new buildings or vacant land.

Stamp Duty Surcharge

Australians must pay the usual stamp duty of 4 – 5%. However, if you’re jointly buying property with a foreign national, you will likely get hit by the foreign buyer stamp duty surcharge of 7 – 8%.

We also provide expat mortgage services in the following countries

Frequently Asked Questions

Australian expats should speak to a mortgage broker to find the best home loan product. Expats are able to get competitive interest rates and additional loan features, just like Aussies in Australia. However, some lenders might not consider your entire net income if you earn a foreign currency.

The Omani rial is a tier 2 currency, meaning it is less stable than other currencies. Therefore, many lenders will only consider 60 – 80% of the borrowers’ net income.

Australians living overseas can borrow up to 90 – 95% of the property value. However, to avoid paying Lenders Mortgage Insurance, it’s preferable to borrow 80% LVR.

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