Hire Purchase
Smart Financing for Asset Acquisition
At Standard Mortgage, we offer flexible and reliable hire purchase plans to help individuals and businesses acquire vehicles, machinery, and equipment—without heavy upfront costs. Keep your cash flow intact while securing essential assets through structured payments and minimal paperwork.
Our hire purchase finance is ideal for SMEs, contractors, and growing businesses looking for a tax-efficient and affordable acquisition solution.
Hire Purchase: What Is It?
Hire purchase is a financing method that allows you to use an asset immediately while paying for it in regular installments. Ownership is transferred to you after the final payment. It's perfect for acquiring high-value assets such as machinery, commercial vehicles, and office infrastructure.
Key Features of Hire Purchase with Standard Mortgage:
- Finance up to 100% of the asset cost
- Fixed monthly repayments for easy budgeting
- Flexible repayment tenure up to 5 years
- Option to refinance or upgrade at any point
- Quick approvals with minimal documentation
What Can Be Financed Through Hire Purchase?
- Commercial vehicles: trucks, buses, vans
- Industrial machinery and production equipment
- Medical and diagnostic tools
- Construction and agricultural equipment
- IT hardware and office infrastructure
Benefits of Hire Purchase
- Immediate asset usage while paying over time
- Preserve working capital and liquidity
- Predictable budgeting with fixed interest rates
- Tax deductions on depreciation and interest
- No need to mortgage existing business assets
Who Should Opt for Hire Purchase?
- Transport and logistics companies
- Construction and contracting businesses
- Healthcare providers and diagnostic centers
- Manufacturing and production firms
- Small and medium enterprises (SMEs)
Required Documents
- Business registration and KYC papers
- Financials of last 2–3 years
- Quotation or invoice of asset
- Bank statements (last 6 months)
- PAN and GST credentials
Why Choose Standard Mortgage?
- Custom hire purchase options for all sectors
- Quick processing & minimal paperwork
- No hidden charges, complete transparency
- Guidance throughout the entire lifecycle
- Trusted network of vehicle and equipment vendors
Acquire Assets the Smart Way
Don't let upfront investment slow your business down. With Standard Mortgage's hire purchase financing, gain access to essential tools and machinery while preserving your capital. Let us finance your growth—so you can focus on building success.
