CONSUMER FINANCE

This unique facility is made available to staff of reputed organizations in both public and private sectors. Employees of these organizations may select any consumer product and pay for it in monthly installments. These installments are deducted from the respective employee’s salary and remit to us by the organizations concerned. Customers enjoy the benefits of the product from the very first day without being obliged to pay the entire sum up front.

We have established a dedicated unit with competent staff at head office to supervise this facility. A state of the art IT system supports the unit. Singer Finance being the market leader in this segment is serving the employees of more than 400 reputed institutions island wide.

What are the charges and Rates ?

Type

Amount

Interest Rate – Minimum 35% p.a.
Interest Rate – Maximum 45% p.a.