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03/11/2008
13.00 p.m

Press Release - Banca Mediolanum

Agreement with Santander Consumer Bank
Banca Mediolanum enters consumer credit market



Banca Mediolanum has entered into an agreement with Santander Consumer Bank for the provision of consumer credit products, Mediolanum Credit, to enlarge its range of personal loan products.
Banca Mediolanum has decided to involve the assistance and skills of one of the major European players to ensure that clients receive its usual high standards of service provision.
Up until now, Banca Mediolanum has proved its customers with mortgages, guaranteed loans, overdrafts and revolving credit cards. This new initiative means that the product range is broadened to include personal loans and special-purpose loans.

Mediolanum Credit has lines of credit in three brackets of maximum amounts, all available with repayment plans to suit the needs of individual customers.
There is the “Linea Light”, providing personal loans up to €10,000. This is aimed at funding small and medium-size projects, with a repayment plan of up to 60 months.
The second type is the “Linea Open”, the personal loan up to €30,000. This is the ideal solution for those needing a medium to high amount. The repayment plan is up to 84 months.

Finally, Mediolanum Credit is offering “Linea Home”, the personal loan up to €50,000. This line of credit is for small property investments or home renovations. The repayment plan is up to 120 months.

Mediolanum Credit enables customers to decide the duration of the investment and the instalment amount, which is fixed, along with the interest rate, to ensure full control over repayment. Further, for amounts up to €100,000, there are two options to make repayment even easier: the “Initial Mini-Instalment”, under which the first 12 instalments are €99, or the “First Instalment Deferred for 6 Months” under which the first instalment is made 6 months after the commencement of the loan agreement.

It will also be possible, and is always advisable, to take out loan insurance to cover the instalments and/or repayment of the debt in the event of accident, illness, unemployment or death.
The combined features of Mediolanum Credit – interest rate, set-up fees, loan insurance, no-cost bank transfers and in particular the speed of loan provision – make it unique among loan products and the most comprehensive on the market

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Valencia, 11 March 2008


Contacts:
Direzione Relazioni con i Media
Gruppo Mediolanum

Roberto Scippa
Tel +39 02 9049 2902
e-mail: gmmedia@mediolanum.it