🛋️ Hire Purchase
That "easy" instalment plan can cost half the price again. See what hire purchase really costs next to a loan before you sign.
| Provider & product | Total cost of credit | Plan | Implied interest rate | Rate up to | Minimum deposit | Max term | Admin / documentation fee | Payment protection insurance (per year) | Late payment fee | Rebate for early settlement | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Courts Jamaica (Unicomer)Courts Hire Purchase | standard | 42% | 55% | 10% | 36 months | J$2,500 | 0.8% | J$1,500 | ✓ Yes | Visit ↗ | |
| Singer JamaicaSinger Hire Purchase | standard | 45% | 60% | 10% | 36 months | J$2,000 | 0.8% | J$1,500 | ✓ Yes | Visit ↗ |
About these figures. Hire-purchase rates are the implied annual interest on the cash price after deposit, worked out from the retailer's published instalment examples. Goods remain the retailer's property until paid off. Spotted a wrong number? Report it and we will check it within a day. Show as cards instead
