Here are some of the most frequently-asked questions regarding Toyota Capital and our products and services. If you have a question for us, you may be able to get an instant answer from our FAQs below.
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What is Hire Purchase (HP)?
Hire Purchase means you can buy motor vehicles in which the purchaser (hirer) takes possession of the vehicle as soon as he has paid a minimum deposit of 10% and upon full payment of all the agreed number of fixed monthly instalments, the hirer automatically owns the vehicle. HP is governed by the Hire Purchase Act, 1967 (Amended 1991).
What is the prevailing interest rate now?
We offer attractive and competitive rates to our customers. To find out more, kindly Contact Us.
What is the margin of finance and term tenure offered?
We offer a maximum 90% financing and up to 9 years term.
Is my monthly loan instalment fixed?
Yes. Under Hire Purchase, your monthly loan instalment is fixed throughout your loan tenure.
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