Home Land Furnishings & Fabric Land Stores
Follow the simple steps below to submit your completed application form, so that we can make sure this product is right for you.
Overview
Our Hire Purchase (HP) facility is a flexible financing solution that allows individuals and businesses to acquire goods through scheduled monthly payments. Ownership of the asset is transferred to the customer once all payments are completed.
Key Terms
This option helps customers access items immediately and pay over time in manageable instalments.
Eligible items include:
Eligibility Criteria
Valid government issued ID
Utility Bill no older than 1 month
Job Letter dated within 1 month & Recent Pay Slips
References
Financial Statements (where applicable)
Key Benefits
Affordability
Low/no upfront deposit with structured monthly payments.
Flexibility
Multiple repayment terms to suit your budget.
Ownership
Full ownership at the end of the payment term.
Tax Efficiency
Business owners may claim capital allowances upon asset transfer.
Step-by-Step
Application Process
01.
Store rep submits the invoice and customer details to EFDL.
02.
EFDL Finance Officer contacts the customer for verbal pre-approval.
03.
Customer submits required documents.
04.
EFDL processes and submits application for internal approval (typically within 24 hours).
05.
Approval decision communicated to both vendor and customer.
06.
Contract signing occurs at EFDL’s office.
07.
Full amount is paid directly to the vendor.
FAQs
TT$5,000.
Not always, but it may be requested for high-value items.
Once all documents are submitted, approval takes 24-48 hours.
Terms from 6 to 60 months; subject to EFDL’s recommendations.
EFDL may repossess the asset and recover associated costs from the customer.
Document Checklist – Hire Purchase
Individual Applicants
Sale Traders
Limited Liability Companies
