How to invest in hire purchase

Hire purchase is financial instrument here a buyer acquires an item of relatively high amount (car, machineries etc) by paying in instalment while differing full ownership until final payment. In Nigeria where access to credit facilities is low with higher…

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What is Hire Purchase

Hire purchase also known as Instalment plan is financial arrangement for buying expensive goods and services and paying in instalment.  With a hire purchase agreement, the buyer makes a down payment and pays the remaining balance plus interest in instalments…

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