Suvo Sarkar, General Manager – Retail Banking and Wealth Management, Emirates NBD
Emirates NBD, a leading bank in the region, announced today the launch of a dual value-added offer for customers making school and university fee payments via credit cards.
As part of the offer, customers have the flexibility to pay school fees using their credit card and repay in instalments up to 12 months, at zero per cent interest. Alternatively, customers can avail of 10 percent cash back on school fee spends above AED 2,500. These offers are valid until October 31, 2014.
For parents paying fees for children studying in the UAE or overseas, the offer provides repayment flexibility and savings at the same time.
Commenting on the offer, Suvo Sarkar, General Manager – Retail Banking and Wealth Management, Emirates NBD, said: “As part of our ongoing commitment to provide value-added services, this year we have introduced options of a cash back incentive or an interest free payment plan, which resonates well with parents facing the burden of escalating school fees and summer vacation expenses. Offering exceptional value remains our key priority, and it is one of the reasons we are the preferred payment tool for customers in the UAE.”
For schools or universities that do not accept credit card payments, customers can choose to get a cheque issued in the name of the school/university, which can be repaid in flexible instalment plans at low interest rates.