Credit Facilities

Our Company offers credit facilities in the form of hire purchase agreements. The purchaser would, under a hire purchase agreement, be required to effect a down-payment and then pay the remaining amount in monthly instalments over a period of time. The period of repayment varies depending on the item being purchased, in accordance with the policy of the Company. According to the law on Hire Purchase the maximum period of repayment cannot be in excess of thirty (30) months.

Interest and administrative costs (referred to as charges under the Hire Purchase Law) is chargeable over the period of repayment. The charges cannot exceed 12% per annum.

In order to consider your application, we will need:

SALARY EARNERS:
1) National Identity Card
2) CEB Bill for previous month, including correct address of residence
3) Payslip for previous month
4) Bank Account details (name of bank, address, account number)

SELF-EMPLOYED:
1) National Identity Card
2) CEB bill for previous month, including correct address of residence
3) Work Permit/Work Licence/Food Handling Certificate
4) Bank Account details (name of bank, address, account number)

Please also include in your email:
1) Item(s) you are interested in
2) Time frame you would like to pay over (up to 30 months)
3) Proposed initial deposit value

Please email [email protected], CC'ing [email protected] .

Upon receipt of your documents, we will try and get back to you in 24 hours or sooner.
You will be asked to come to branch to sign our credit agreement; alternatively, we may call you for more information.

 

Settling Monthly Instalments

In order to optimise queue times at our branches, we strongly recommend that payments of instalments be made by standing order or bank transfer.

MCB
Beneficiary:
J. Kalachand & Co Ltd 
Account Number: 
000443086214

SBM
Beneficiary:
J. Kalachand & Co Ltd 
Account Number: 61030100044543

HSBC
Beneficiary:
J. Kalachand & Co Ltd 
Account Number: 001-304039-007