Commercial International Bank-Egypt (CIB), the country’s leading private sector bank, has announced the launch of a comprehensive new Back to School offering, which consists of a set of tailored retail banking products that support customers’ educational goals and academic pursuits.
The bundle of offerings includes a 0% interest installment plan for tuition fees and on Apple products when using CIB credit cards. It also includes various discounts on school supplies through select premium merchants. Another addition is CIB’s Educational Loan, an alternative solution to settling tuition fees through a competitively priced financing solution with attractive interest rates.
“With the new academic year right around the corner, it’s important for us to cater to what our customers really need. With this comprehensive offering, CIB aims to offer personalized banking programs as we build out a proactive, rather than reactive, customer satisfaction strategy,” said Ahmed El Shafei, Head of Business Development–Consumer Banking at CIB. “Our extensive Back to School package aims to support our customers to fund a better academic future for themselves and their families.”
The offer allows CIB credit cardholders the option to pay any tuition fees over six month installments at 0% interest to cover the cost of tuition at schools and universities. In addition, CIB customers can buy any Apple product from iShop, Switch, or Tradeline using their CIB credit card and pay over 12 months with 0% interest.
CIB’s Educational Loan finances undergraduate and postgraduate degrees from top schools and universities in Egypt, offering preferential interest rates and a fast, easy loan approval process. CIB customers now have the opportunity to take out loans up to EGP 200,000 and offering preferential interest rates, paid over a flexible tenor of up to five years. This is in addition to a 50% discount on arrangement fees.
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