Hire Purchase is a financial agreement between the customer and Marfin Laiki Bank to hire an asset for a specific period of time for a specific rental. At the end of the period, and provided all rentals have been paid, the customer has the option to purchase the asset, paying a nominal amount which today is set at € 25

The duration of the hire purchase contract varies from 12 to 84 months depending on the customer’s requirements, the asset to be financed, and the amount of the hire purchase.

Hire Purchase benefits for the customer include:

• Professional service.
• Only personal guarantees required.
• Other sources of credit remain available.
• Inflation advantage.
• Tax benefits.
• Controlled cash outflows - better planning.
• Immediate use of the asset with only a small initial outlay.
• Ownership of the asset at the end of rental period.
• Avoidance of capital investment, therefore increased liquidity.

• Liquitidy increase.
• Increase of sales.
• Minimised provision for bad debts.