Loans

Hire Purchase Loan

By March 28, 2018 No Comments

The hire purchase loan plan was designed to assist members in the purchasing of their furniture, appliances and computers. With the Hire Purchase Plan you are able to borrow up to $300,000 at an interest rate of 15% per annum on the reducing balance for a period of up to 36 months. Members having an existing Hire Purchase agreement with a reputable furniture store for less than 12 months can apply for this loan product to offset their existing balances.

Requirements:

  • proforma invoice from furniture store
  • Last two (2) pay advice
  • Deposit of 0% of loan amount
  • ID
  • TRN