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Fixed rate Hire Purchase with a difference.
Particularly appropriate if early settlement is expected or there is
the possibility of lump sums being paid off during the agreement
term. Both are possible without additional costs and extra
savings would become available because the interest is calculated
daily on the remaining balance and paid monthly or quarterly. The actual
interest rate is based upon a negotiated percentage rate fixed at the
start of the agreement.
This facility is not
available to Sole Traders or Partnerships when borrowing
less than £25,001.
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