Allowing school fees to be paid in installments via credit cards in the UAE
Emirates banks have announced that they allow school fees to be paid in installments via credit cards in the Emirates in installments in installments to make it easier for parents.
Allowing for the payment of school fees in the United Arab Emirates by credit card in installments in installments, In order to make things more convenient for parents, the banks of the Emirates have announced that they will now accept payments for school fees in the form of credit card installments.
School fees in the UAE are paid in installments via credit cards over 12 months
Credit cards are the preferred method of payment in the United Arab Emirates for the payment of school fees, which are spread out over a year, According to two bank employees, banks offer the option of paying tuition fees using credit cards and subsequently paying the amount in installments without being subject to interest or transaction costs, provided that the installments are paid over a period of time equal to or more than one year. They confirmed that there are no lists of schools that have been approved by banks to take advantage of this service, as well as other schools that are outside of the lists, and they pointed out that until the installment process takes place as an option for the customer, without the schools having any connection, as they collect the full fees using a credit card, while the installment process is between the customer and the bank. Until the installment process takes place as an option for the customer, they are unable to take advantage of this service.
Banks in the UAE provide school fees installment services
The United Arab Emirates' (UAE's) banks offer installment services for the payment of school tuition, According to banker Tamer Abu Bakr, who provided additional information about the matter, "Installment of tuition fees by using a credit card is an exclusive relationship between the bank and the customer, and the school has nothing to do with it." In addition, there are no lists of educational institutions that may be used to determine whether or not instalments can be provided," and he added, "Banks provide this." The service encourages customers to use a credit card and pay study fees through it as a promotional and marketing form, without interest or fees, as long as the installment payment period does not exceed 12 months; however, a small transaction fee of 0.9% is imposed if the customer chooses to pay in installments over a period of more than 12 months. The service also encourages customers to use a credit card and pay study fees through it as a promotional and marketing form. A month's time."