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  • Hire Purchase Application Form

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Hire Purchase Application Form Documents to be submitted by individual applicant / guarantor (Note: Individual Applicant / Guarantor must be above 21 years of age.) 1) Copy of NRIC / Passport and.

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How to fill out the Hire Purchase Application Form online

Filling out the Hire Purchase Application Form online can be a straightforward process with the right guidance. This guide will walk you through each section of the form, ensuring you understand what information is required and how to complete it effectively.

Follow the steps to successfully fill out your application form.

  1. Click ‘Get Form’ button to obtain the form and open it in an editor for online filling.
  2. Provide personal information for the individual applicant, such as full name as in NRIC/Passport, date of birth, residential address, nationality, and marital status. Ensure to underline the surname.
  3. Specify your NRIC/Passport number and highest education level. Include employment details like your employer's name, address of workplace, and monthly income.
  4. If applicable, include information about your partner or guarantor. Fill out their details like full name, relationship to applicant, date of birth, nationality, marital status, NRIC/Passport number, and monthly income.
  5. Enter the loan request details, including the finance amount, margin of finance, tenor, and interest rate. Make sure to specify whether the interest is advance or arrear.
  6. Complete the section regarding the details of the security, providing a description of the item, purchase price, chassis number, engine number, and vendor details.
  7. Fill out the company details if applying as a non-individual, including the company name, registration number, and operational address.
  8. Review the declaration section. Read the terms carefully since you will be authorizing the bank to obtain information regarding your application.
  9. Upon completion of all fields, ensure to check for accuracy and save your work. You can then download, print, or share the completed form as necessary.

Start completing your Hire Purchase Application Form online today for a seamless experience.

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(1) The hirer under a hire-purchase agreement or the buyer under a conditional sale agreement may give notice in writing to the owner or seller of his intention to complete the purchase of the goods by paying or tendering to the owner or seller on a specified day the net balance due under the agreement, and having ...

Features of Hire Purchase Agreement The owner delivers possession of goods to a person on the condition that such person pays the agreed amount in periodic instalments. property in the goods passes to such person upon payment of the last instalment.

A hire purchase (HP) agreement is a credit agreement. You hire an item (for example, a car, laptop or television) and pay an agreed amount in monthly payments. You do not own the item until you have made the final payment. Personal Contract Plans (PCPs) are a type of hire purchase agreement.

A hire purchase agreement is like a loan, except the seller sells and gives you the item you want to buy, instead of lending you the money. If you stop paying before you've paid the item off, the seller can take it back and keep all the money you've already paid.

In the hire purchase agreement, the contract is basically between two parties viz. the hire-purchaser and the hire-vendor and sometimes there is an involvement of a third party that is the financer.

Hire purchase is an arrangement for buying expensive consumer goods, where the buyer makes an initial down payment and pays the balance plus interest in installments. The term hire purchase is commonly used in the United Kingdom and it's more commonly known as an installment plan in the United States.

There are two main types of hire purchases based on the functional purpose of the asset involved. These types are the consumer and industrial hire purchase agreements.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232