Hire Purchase Scheme

Interest rate at 4.5% flat per annum

• The minimum amount financed is S$1,000.
• Minimum down payment is 10% of cash price and prevailing GST of the cash price of goods.
• All terms and conditions are subject to Hitachi Capital Singapore Pte Ltd (HCS)'s Lease and Hire Purchase Contractual Agreements.
• Processing fee: S$30.00
• Monthly payments are strictly by Direct DEBIT Authorisation only (GIRO). A bank fee will be charged for every failed deduction due to insufficient funds maintained in the bank account.
• All applicants must confirm the option of the financing plan BEFORE the purchase.
• Insurance is not inclusive.
• Ownership of the notebook will be transferred to the student at the end of the hire purchase term.

Hire Purchase Term	Monthly instalment per S$1,000 financed
36 months	S$33

Example:

36 months Hire Purchase Scheme
Cash price of Notebook	S$3,000
GST (prevailing rate)	S$150
Purchase Price of Notebook	S$3,150 (with GST)
Less minimum down payment (10% and GST)	S$300 + S$150
Total amount financed	S$2,700
Monthly payment amount	(S$2,700/1,000) x S$33 = S$89.10