Singer Hire Purchase
Indicative| Plan | standard |
|---|---|
| Implied interest rate | 45% |
| Rate up to | 60% |
| Minimum deposit | 10% |
| Max term | 36 months |
| Admin / documentation fee | J$2,000 |
| Payment protection insurance (per year) | 0.8% |
| Late payment fee | J$1,500 |
| Rebate for early settlement | ✓ Yes |
| Notes | Appliances, furniture, electronics |
Source: www.singerjamaica.com · Last verified: not yet · 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.