Hitachi was founded in the year 1910 by Namihei Odaira and is head quartered in Tokyo. It is a company which offers different types of services in several sectors. These include electronic equipment and systems, power systems, industrial systems, information and telecommunication systems, high functional components and materials, construction machinery, financial services, automotive systems, digital media, defence systems, etc.
Everyone needs a car in today’s world. It is more of a necessity than a luxury, considering times like these. Going to office every day or taking your family out for dinner on a weekend, a car always helps you to commute from one place to another very easily. When you wish to purchase a car, you could opt for a car loan. A car loan offers you the upfront lump sum amount that you require to buy the car that you want. The repayment of the loan is on a monthly basis. Applicable rate of interest is also charged accordingly.
Hitachi provides you with customisable and innovative finance solutions that are focussed to offer you an enjoyable experience. All you need to do is choose the make of the car and your budget. Everything else will be taken care of by Hitachi. The repayments are flexible in nature and you can make them by cheques, select Cheers outlets, AXS kiosks and repayment GIRO all across the island. Avail the car of your dreams as Hitachi Capital has partnerships with a myriad of dealers. Enjoy the rates of interest that are competitive and avail the peace of mind that you deserve.
Say that you have a five-year loan of S$25,000 and you wish to pay off your loan early after paying 30 monthly instalments. Basic information/assumptions:
Instalments already paid (for 30 months) = (S$28625/60) x 30 = S$14312.5
The formula applicable to compute the interest rebate will be as follows:
(n[n+1] ÷ N[N+1]) × Total interest x 0.8*
(30[30+1] ÷ 60[60+1]) × S$3,625 x 0.8
0.254 x S$3,625 x 0.8 = S$737 (rounded off from S$736.88)
*To be determined at Hitachi Capital’s absolute discretion from time to time and without notice.
Balance payable upon early settlement is calculated as follows:
(Finance amount + total interest) – A – C + D + E
= S$25,000 + S$3,625 - S$14312.5 - S$737 + S$0 + S$375
The rates and amounts mentioned above are taken purely for illustrative calculation purposes. The actual figures may be different. Check with the loan provider for the actual figures.
With Hitachi car loan, you will be charged the following fees and charges: