Hire Purchase

Acquire equipment, electronics, furniture, and vehicles with our flexible Hire Purchase program. Pay in installments while enjoying immediate use of your purchases.

Own What You Need Today, Pay Over Time

Through our partners, our Hire Purchase program allows Elverra Global clients to acquire valuable assets without paying the full amount upfront. Make a down payment, take possession of the item immediately, and pay the remaining amount in convenient monthly installments while you use and enjoy your purchase.

Wide Range of Products

Access everything from electronics and furniture to vehicles and equipment.

Flexible Payment Plans

Choose payment terms ranging from 3 to 24 months based on your needs.

Competitive Rates

Enjoy client tier-based interest rates starting from 5% monthly.

Simple Approval Process

Quick decision-making with minimal documentation requirements.

Hire Purchase Terms by Client Tier

Essential

Interest Rate:HigherMaximum Amount:Partner approval limit applyProcessing Time:3-5 days

Premium

Interest Rate:MidwayMaximum Amount:Partner approval limit applyProcessing Time:2-3 days

Elite

Interest Rate:LowerMaximum Amount:Partner approval limit applyProcessing Time:1-2 days

Elite clients enjoy the lowest interest rates and highest purchase limits, along with priority processing of applications.

Available Product Categories

Electronics
Smartphones, Laptops, TVs, Appliances
Payment Terms:As approved by partner
Typical Down Payment:20%
Furniture
Sofas, Beds, Dining Sets
Payment Terms:As approved by partner
Typical Down Payment:25%
Vehicles
Cars, Motorcycles, Commercial Vehicles
Payment Terms:As approved by partner
Typical Down Payment:30%
Equipment
Agricultural, Construction, Business
Payment Terms:As approved by partner
Typical Down Payment:25%
The Hire Purchase Process
Follow these simple steps to acquire products through our Hire Purchase program with our partners.
1

Choose Your Product

Browse our catalog of partner merchants or bring quotes from preferred vendors for products you wish to purchase. We work with a wide network of suppliers across our markets.

2

Apply & Get Approved

Complete the Hire Purchase application form with your product details and preferred payment term. Our partners will review your application and provide a quick decision based on your client tier.

3

Make Down Payment

Pay the down payment required by our partners (typically 20-30% of the product value) through mobile money, bank transfer, or at their office locations.

4

Receive Your Product

Take immediate possession of your product! They will handle the purchase and arrange delivery to your specified address, or you can pick it up from the merchant location.

5

Make Monthly Payments

Pay your monthly installments according to your agreement. Once all payments are complete, the product is fully yours! Payment reminders are sent via SMS and email.

Hire Purchase FAQs

What happens if I miss a payment?

Missed payments incur late fees and may affect your credit history with Elverra Global. If you anticipate payment difficulties, contact us immediately to discuss restructuring options.

Can I pay off my hire purchase early?

Yes, you can pay off your remaining balance at any time. Early repayment may qualify for an interest reduction, depending on your client tier and the terms of your agreement.

Is there product warranty coverage?

All products maintain their manufacturer's warranty. For certain products, we offer additional protection plans that can be added to your hire purchase agreement.

Can I get multiple items on hire purchase?

Yes, clients can have multiple hire purchase agreements simultaneously, subject to overall credit limit based on your client tier and payment capacity.

Ready to Make a Purchase?

Our Hire Purchase program helps you acquire the items you need without the burden of full upfront payment. Apply today and start enjoying your purchase through our while paying over time.

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