Hire purchase is a service where one lump sum is paid by the owner  (BSL) for the purchase of the capital assets and series of installments are paid by the hire purchaser (Customer) to BSL for the right to use of the assets. The ownership retains with BSL during the contractual period and will eventually be transferred to the hire purchaser when the hire purchaser complies with all terms and conditions set forth in the hire purchase contract.

Who may enter a hire purchase agreement

 

	Wide Selection of hire purchase assets
	Industrial Machine	Plastic injection machine, printing machine, lathe, metal cutter, textile weaving machine
	Vehicle	Automobile, van, truck, trailer
	Heavy Equipment	Excavator, backhoe, forklift, truck crane

 

Impressive hire purchase Benefits

• Capital preservation
• No collateral required
• Inflation is controlled due to fixed lease payments
• Flexible leasing term and conditions
• Long-term financing
• Reserve bank facility for other purpose
• Avoid mismatched funding (short term working capital vs.. long-lived asset)