Commercial Hire Purchase (CHP)

This is a fixed rate business loan for the acquisition of motor vehicles and equipment.

The security for the loan is the asset financed.

The borrower can claim interest and depreciation.*

You have the flexibility of choosing a CHP contract with a Balloon payment at the end or a fully amortised contract (i.e. a Nil Balloon at the end).

*The information provided does not take into account your specific circumstances. We strongly urge you to consult your tax adviser regarding any taxation matters.

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