Hire Purchase Companies in Ghana are many and most of them are reliable. If you are looking to find hire purchase companies in Ghana, then you are at the right place.
The companies we are going name here can help you with all you need and to attain your goal.
This post contains hire purchase companies in Ghana, their contacts and more. Lets start with knowing what hire purchase is and how it work.
What is Hire Purchase (HP)?
Hire purchase is an agreement between a customer and a seller, whereby the customer agrees to a deal and get a liability by paying an initial installment. Hire purchase is also called installment plan.
Hire purchase can be traced from the 19th century, where it allowed consumer with inadequate cash to purchase more items and spread the payment within an extended time with interest.
So the customer purchase more items, and pay an installment, then pay the rest within an extended time with interest.
This is of great advantage to the customers, because they will be able buy more goods.
What if the customer does not pay the installment? The seller has no option than to reclaim the goods. But the customer should know that it is to his or her advantage.
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Standards Followed In Hire Purchase
For a hire purchase to be sound or legal in Ghana, agreements must be in writings and must have the signature of the two parties (the seller and buyer).
Also the following must be written and printed and also readable by both the parties.
- The goods must be clearly described.
- The price of every good must be written
- The hire purchase price must be written. The total sum involve in the whole hire purchase.
- The amount paid as deposit must be stated.
- Also the amount to be paid as agreed till the customer is done paying everything must be stated.
- The rights of both parties must be stated.
- Also the right of the purchaser to terminate the contract should be stated.
Hire Purchase Companies in Ghana
Find some hire purchase companies in Ghana below:
Dunia Microfinance Ltd
Dunia Microfinance Ltd is one of the hire purchase companies in Ghana. They are a selling point that helps people with their needs. They are located at Nima Highway Accra. Find their contact below.
0303 962 694
050 143 5092
EA Universal Group of Companies
EA Universal Group of Companies is another hire purchase company. It has its headquarters at Kumasi. Located at Abuakwa.
Abuakwa, the blood of Jesus Junction
Off Nkwie Road, Kumasi, Ghana
Mamet Investment and Trading Ltd
Another hire purchase company is Mamet Investment and Trading Limited. It deals in consumer electronics aside other goods on hire purchase.
Mamet Investment is located at Tema, community 20. Find her contact information below.
Tema Community 20 Industrial Area
Orchard Asset Finance Limited
Orchard Asset Finance Limited is another well known hire purchase company in Ghana. Orchard also deals in electronic and other goods on hire purchase.
They have electronic brands such as Nasco, Whirlpool, Samsung, LG and more, alongside other goods.
Orchard Asset is located at Achimota in Accra Ghana. Find their contact details below.
Rnbanks Trading Company Limited
Rnbank is a real estate management, aside being a hire purchase company. It is located at Kasoa New Road.
Kasoa New Market Road
Opposite St. Mary’s Anglican Basic School Akweley
Sylvamerc Company Limited
Sylvamerc Company Limited is another trusted hire purchase company in Ghana. it has serves Ghanaians since its incorporation in 2006.
Sylvamerc deals in Electronic home appliances, office equipment, mattresses and Many more. they have branches in Accra, Tema and Takoradi.
It is there to give its customers an easy life and comfort, giving them all they need and pay later with the lowest interest. Sylvamerc have stuffs like laptops, fridges, gas cookers, washing machines, etc.
They have top brands such as LG, Toshiba, Akira, WestPoint, Nexus, etc. Find their contact details below.
Near Kasapreko Junction
Opposite Superior Gas Station
Digital Address: GT-334-6486
Phone: 024 828 2385 / 020 202 9444
Hospital Road Community 6,
Same Yard with Ecobank & Vanguard Insurance
Digital Address: GT-016-2486
Phone: 024 828 2378 / 020 202 9443
Bahamas Avenue, Prestea Lane
adjacent Bank of Ghana
Digital Address: WS-248-5982
Phone: 024 828 2356 / 020 202 9442