Yes. Should you wish to buy high-ticket consumer goods such as a new refrigerator or a washing machine, we will grant you the renovation loan on a hire-purchase basis.
Specifically, if you are able to pay a percentage of the item’s price as a deposit, we will loan you the remainder such that you may continue to use the purchase while paying monthly instalments (e.g. ‘hire’ a washing machine or fridge), until the principal amount and interest are paid off entirely. In layman terms, a hire-purchase agreement translates to the rental of appliances, furniture or equipment until the agreed amount is paid off, after which it will fully belong to you.