Hire Purchase
Hire Purchase is a term facility that your business can use to facilitate the purchase of equipment.
The bank can finance up to 90% of the equipment price, allowing your business to own the equipment with relatively low initial capital outlay.
The financed amount will have to be repaid in equal monthly instalments, up to a maximum of 5 years for new equipment placed in Singapore, and 8 years for new equipment placed out of the country.
With Hire Purchase, your business can enjoy:
- Less initial cash outlay upon the purchase of equipment
- Ability to spread the purchase into more manageable monthly instalments
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