• Car Loan BYTES FROM OUR KITCHEN

    Hitachi Car Loan

    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.

    Overview of Hitachi MYHP Auto Loan

    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.

    Hitachi Car Loan Instalment Calculator

    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:

    • Total cash price of goods: S$50,000
    • Deposits, if any: S$25,000
    • Finance amount: S$25,000
    • Applied interest rate: 2.9% p.a. flat (EIR 14.5% p.a.)
    • Total number of instalments: 60
    • Total interest: S$3,625
    • Total amount owed: S$25,000 + S$3,625= S$28,625

    *To be determined at Hitachi Capital’s absolute discretion from time to time and without notice.

    Method for Calculating the Balance Payable Upon Early Settlement

    Balance payable upon early settlement is calculated as follows:

    Fees & Charges

    With Hitachi car loan, you will be charged the following fees and charges:

    • Administrative fee of S$200 for any loan amount less than S$20,000 (Processing fee/admin fee of S$20 per month will be charged for a loan amount more than S$20,000).
    • A minimum of S$300 for notice period required (if any).
    • The interest charged will be at a rate not more than 18% p.a. on the amount overdue.

    Features and benefits of Hitachi MYHP Car Loan

    • The monthly instalment payments are easy and does not put you under any kind of financial pressure
    • The interest rates offered with the car loan are extremely competitive
    • The application process is quick and hassle free
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