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New package from meBANK for university students

United Arab Emirates: Monday, November 03 - 2003 @ 12:26

meUNIVERSITY has been formulated in order to give students access to superior banking products that are tailored with their financial needs in mind.

The meUNIVERSITY package offers a selection of banking products that all students will need to use at some point during their studies – A Student Current Account filled with benefits, Tuition Loans developed with certain partner universities, Car Loans for that dream set of wheels, Credit Cards for any unanticipated expenses, and for the first time, Computer Loans so every student can keep up with the latest technology.

Louis A. Scotto, General Manager Retail Banking at Emirates Bank International said, “University students are the workforce of tomorrow and the sooner they learn to manage their own finances, the better they will eventually become at making their money work for them. We want to make our student’s lives easier by taking away the worry and financial pressures during their university days, whilst teaching them valuable lessons in financial responsibility in order to prepare them for their future.”

meUNIVERSITY Loans and Credit Cards are being offered to students in six of the UAE’s top universities, thanks to an exclusive partnership between these educational establishments and Emirates Bank. Students will have on-campus mini-branches at prominent locations within Dubai Womens College, American University of Dubai, Dubai University College, American College Of Dubai, Sharjah Womens College and Dubai Men’s College, as well as trained customer service representatives to help with the application process. Also provided to students at these universities are many other special services including free briefings about meUNIVERSITY to help the students understand exactly how bank products work as well as various sponsored events and University Campus related events.

Sunil Dayal, Segment Manager at meBANK said, “We are thrilled to have tied up with some of the best universities in the UAE and we are working closely with them in order to provide the best service possible to the students. We thank them for their support and look forward to ensuring their many students enjoy financial stability throughout the best days of their lives.”

With free shopping cards, zero minimum balance and access to 730,000 ATMs worldwide, the meUNIVERSITY Student Account, provides students with a fully functional, easy to access current account. Offering 24-hour access via the Internet, account holders can also take advantage of telephone banking, mobile phone (SMS) banking and an internet payment card. All can be obtained quickly and easily through on-line application.

For those who need a extra little bit of help to get them through those financially tough years of studying, meUNIVERSITY Tuition Loans offer flexible tenure options, low and preferential interest rates, direct transfer of funds and high loan amounts.

With tuition fees out of the way, students can fulfill their other desires, such as a new car or the latest lap-top computer. meUNIVERSITY Car Loans and Computer Loans boast attractive interest rates and flexible repayment periods so students can now stay in tune with today’s hi-tech, consumer lifestyle and experience lower monthly repayments and interest rates.

meUNIVERSITY Credit Cards are the ultimate in easy, risk-free spending, without the hassle of carrying cash. With multiple ways to qualify such as through parental guarantors or the purchase of meFORTUNES certificates, meUNIVERSITY Credit Cards are also packed with discounts at various retail outlets including clothing stores, restaurants and book stores.

Scotto concluded, “meUNIVERSITY has altered the image of banking which was once portrayed as a dull, old-fashioned industry that only catered to adults, by adding a youthful and fun dimension to banking, whilst responsibly educating tomorrow’s workforce on money management. The ideal is to help the student’s of the UAE be comfortable with whom they are now, while continuing to offer them all the financial tools they will need as they mature into the future of tomorrow. After all, meBANK as a brand is all about enjoying your finances and now students can do this whilst picking up a valuable lesson in financial responsibility.”

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Monday, November 3- 2003 @ 12:26 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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