Adding a 90L fridge to your kitchen space is one of the ways to enhance the quality of life in your home. There are plenty of benefits a 90L fridge brings to your home when you choose to invest in one. One such benefit is that you can keep your food products fresh. Vegetables and other farm produce that are perishable require preservation and a fridge does the job for you. You do not have to incur losses when your food supplies spoil as a result of a lack of proper preservation.

Adding a fridge for your home or office also helps you keep your drinks cool. This is usually helpful during the hot summers. Taking a cool drink way not only helps refresh your body, but also helps you stay active. Finding a 90L fridge doesn’t have to be a daunting task. Here are some useful tips from KCT to help you when investing in one.

90-Litre Fridge Buying Guide

·         Layout

When purchasing a 90L fridge, one of the aspects to keep in mind is the layout. 90L fridges come with either a single door or double doors. Depending on the items you plan to preserve in your fridge, ensure that the layout of the fridge you select is perfect for your kitchen.

·         Energy efficiency

There are numerous brands and models for one to choose from when in the market for a 90L fridge. These different models do not offer the same level of energy efficiency. No one wants to invest in a refrigerator that causes a rise in their electricity bills. Find out the energy efficiency rating of the brand or model you intend to purchase before investing.

·         Cost

Without a doubt, one will always have a budget when looking to purchase a 90L fridge for their home. Different models come at different costs, depending on the features of the refrigerator. Cheap models might not be efficient, while expensive models do not always guarantee quality. One needs to ensure they get value for their money.

·         Payment options

When looking to purchase a fridge, it is also essential to check the payment options available to you. When you do not have all the cash to purchase a fridge, you can find stores that sell them on hire purchase terms, such as Kenya Credit Traders. Purchasing with KCT on hire purchase terms helps spread the cost over a long period, allowing you to free cash for other expenses.

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A refrigerator is one of the appliances we require in our homes to enhance our quality of life. There are plenty of benefits one can expect if they invest in a quality 90L refrigerator. One such benefit is food preservation. Most farm produce and kitchen products are perishable and the only way to keep them fresh is to have a fridge. Another big benefit of owning a refrigerator is that they help us cool our drinks. Nothing feels better than a cool glass of water or any other beverage during the hot and scorching summers. One feels refreshed and ready to handle the tasks at hand.

Hire purchase guide for 90L fridge

Whether you are looking to purchase your first fridge or you are looking to upgrade the current one, one of the aspects you need to keep in mind is the payment options available to you. In the past, most dealers have only accepted cash payments for high-value assets. However, in current times, it is possible to acquire appliances and other household assets on hire purchase contracts.

Leading hire purchase dealers such as Kenya Credit Traders make it possible to acquire a 90L fridge even when you do not have all the cash for a cash sale. Under a hire purchase agreement, one only requires a fraction of the total cost of the 90L fridge. After paying a fraction of the total cost, you acquire the fridge and you are allowed to use it. The remaining cost of the asset is paid in the form of installments.

Benefits of hire purchase for a 90L fridge

One of the pros of a hire purchase agreement for a 90L fridge is that you can acquire it at just a fraction of the total cost. With as low as 10% of the total cost, you can acquire the fridge for use in your home. However, the ownership of the fridge is transferred from the hire purchase dealer to the buyer after paying all the installments.

Another benefit of a hire purchase arrangement when purchasing a fridge is that you spread the cost. At times, it is impossible to raise all the money to make a cash purchase. When you opt for a hire purchase, you have the chance to spread the cost of the fridge over a long duration. This frees you some cash that you can use for other expenses in your home.

Follow Kenya Credit Traders on Facebook for the best hire purchase deals in Kenya.

Hire purchase is quickly becoming one of the best ways to pay for assets in Kenya. The current state of the Kenyan economy has forced people to consider their options when in the market for a variety of items. High taxation, high inflation, collapse of businesses, and political instability has not only affected employed persons, but the effect is felt across all sectors.

In the past, most people have only considered cash payments when acquiring assets. One would save money and after having enough amount purchase the asset that they require. However, one is likely to use almost all their income to cater for their expenses and essential purchase, thus making it hard to acquire assets that need a high amount of money. This is part of the reasons most buyers are settling for hire purchase agreements. Keep reading as we discuss pros and cons of hire purchase agreements.

Benefits of hire purchase

·         Spread the cost

With hire purchase agreements, one has a chance to spread the cost of the asset over a given duration. With cash payments, you will need to pay the full amount before acquiring the assets. On the other hand, hire purchase allows to make payments in installments thus allowing you to budget appropriately and spread the cost depending on your income.

·         Fixed interest rates

When one opts to purchase assets through cash payments, they might opt for a loan to acquire the cash. The downside of the loans is that they are regulated by The Central Bank of Kenya. Changes in the regulations might cause an increase in the interest rates, thus increasing the total payments of the assets. Hire purchase agreements come with fixed interest rates. With the uncertainty in the current Kenyan economy, fixed interest rates ensure that you can plan ahead and make timely payments for the assets.

·         Own the asset at the end of the hire purchase agreement

Hire purchase allows you to acquire an asset immediately after making the down payment. However, one becomes the owner after they complete payments by paying all the installments.

Disadvantages Of Hire Purchase Agreements

·         The total cost is higher than cash payments

One of the downsides of hire purchase agreements is that the total cost is usually higher than in the case of cash payments. The increase in the total purchase price is as a result of the interest rate charged on the installments.

If you are looking for quality household items to purchase on hire purchase terms, visit our website. Also, follow Kenya Credit Traders on Facebook to learn more about our products.

There is no doubt that the Kenyan economy is not at its highest at the moment. There are a variety of factors that have contributed to the economic downturn. One such factor is the Covid-19 pandemic. Almost three years after the first Covid-19 case was reported in the country, the country continues to feel the effect of the pandemic. While normalcy has returned in almost all sectors, not every business or individual has recovered from the economic disruption caused by the pandemic.

The past general election is also part of the factors that have contributed to the economic downturn in the country. Elections are always hotly contested in this country, and in most cases, cases of political instability follow the conclusion of the general elections. Weekly riots and protests have affected businesses and lowered productivity, thus contributing to an economic downturn.

The Effects of Economic Downturn in Kenya

Almost every sector suffers when the country experiences an economic downturn. This in turn affects the livelihoods of the Kenyans. Cases of high taxation, as the country looks to turn the economy around, means that the citizens end up with less cash in their pockets. Inflation also means that you can only acquire a few assets with the little savings you are able to make. This means that there is a need to find a way to get around the negative impact of the economic downturn.

Benefits Of Hire Purchase in Economic Downturn

Hire purchase is one of the best ways to get around the results of an economic downturn. With hire purchase agreements, shoppers have a chance to acquire assets with a fraction of the total cost. The balance after one makes a down payment is divided into daily, weekly, or monthly installments. You do not require waiting until you make enough savings to acquire a particular asset that you intend to purchase.

Another reason to consider hire purchase in the current Kenyan economy is that it comes with fixed interest rates. Inflation is one of the effects of an economic collapse. This at times leads to readjustment of interest rates for term loans. If you opt to acquire a loan to purchase a given asset, if the interest rates are adjusted, you end up paying more than you initially planned to. Hire purchase interest rates even in the economic downturn are fixed. This means that one can plan their payments ahead depending on their income.

Learn more about hire purchase benefits on our Blog. Follow Kenya Credit Traders for incredible hire purchase deals.

Hire purchase is quickly becoming one of the best ways to purchase assets for businesses as well as individuals. With the current economic downturn in Kenya, as well as around the globe, shoppers have had to find better solutions when looking to acquire assets. Inflation is at an all-time high, and this means that almost every person has been affected by the economic situation.

Why Choose to Hire Purchase

In the past, it was easy to make enough savings to acquire assets. However, this is not the same case in modern times, due to the inflation and high cost of living. The increasing costs of essentials and assets are not matched by our incomes. This has made hire purchase one of the best ways to acquire assets.

When you choose hire purchase, you can acquire an asset that you need immediately, after paying just a fraction of the total cost. One will make periodic payments to clear the balance. The ability to spread the cost over several months is of the best reasons to consider hiring a purchase.

Another benefit of hire purchase agreements is that you become the owner of the asset at the end of the agreement. The title of the asset is transferred to the buyer after paying the last installment. However, one has the chance to cancel the hire purchase agreement if they no longer require the assets.

Choosing The Best Hire Purchase Provider in Kenya

You will never be short of choices when looking for a hire purchase dealer. However, you will only have a guarantee for quality services if you can pick a reliable hire purchase company.

Before you look for any hire purchase dealer, there is a need to determine the assets that you require. Different hire purchase companies offer different products. If you are looking for quality household furniture, electronics, or kitchen appliances, KCT hire purchase provider is one of the best options in the country.

Accessibility of the hire purchase dealer is also part of the top considerations. While one can provide some of the required documentation online, you might need to pick assets from their offices. A hire purchase dealer without a presence around the country might cause a further increase in the cost of acquiring assets.

The reputation of a hire purchase provider is a vital factor to keep in mind when choosing. You can only enjoy top-notch services when you find a reliable hire purchase dealer. Check comments on their hire purchase dealer’s social media handles. Also, check online reviews and ratings to find out if the hire purchase company you are choosing is trustworthy.

Check a variety of assets at the KCT hire purchase provider’s website. Also, follow them on Facebook for incredible hire purchase deals.

Hire purchase is one of the best ways to acquire high-cost assets. At times, one might not have enough money to make a cash purchase. This is especially true in modern times where inflation and the high cost of living are affecting Kenyans across all sectors, making it harder to make savings. Hire purchase agreements allow you to acquire assets and pay for them later.

Hire purchase contracts are credit agreements. They allow you to acquire items that you need at a fraction of the total cost. Kenya Credit Traders, a leading hire purchase provider in Kenya requires as little as 10% of the total cost of an asset before one acquires it. The hirer can clear the balance in installments, allowing them to spread the cost.

Before opting for hire purchase agreements, there are several aspects you need to know.

What to know when signing a hire purchase contract

·         You have the right to end a hire purchase contract at any time

It is always desirable to understand your rights as well as duties when signing a hire purchase agreement. Always invest effort and time reading the hire purchase contract before signing it. One of the rights the hirer has is the right to purchase the hire purchase agreement at any time.

When you acquire the assets, before you make all the payments, you are considered to be hiring the assets. You do not own them. In a case where you no longer need the assets, you can end the agreement and return the asset to the dealer.

·         You only own the items after making the final payment

One of the benefits of hire purchase agreements is that you acquire the assets at just a fraction of the total cost. You are authorized to use the asset immediately paying the down payment. However, ownership of the asset is only transferred to the buyer after making the final payment. This means that you cannot sell the item during the repayment period. Any transaction involving the asset can only be authorized by the hire purchase company during the repayment period.

·         The dealer can repossess the asset when you don’t keep up with payments

Since the dealer remains the owner of the assets, they have a right to repossess the items when the hirer fails to make payments. It is always advisable to settle for a repayment contract that works for you depending on your income.

Learn more about hire purchase deals here. Follow Kenya Credit Traders on Facebook.

If you are in the market for household goods, you will always have options. There are plenty of stores selling household items in Kenya. However, these assets vary in quality. One will be eager to get the best quality to bring home. Apart from quality, one also focuses on finding the best deal. Some of the quality household items will cost more than one can afford, and this has led to buyers settling for low-quality goods. However, in modern times, you do not have to settle for less, considering that there is a better way to make payments in the form of hire purchase financing.

What is a hire purchase?

Hire purchase is known as lipa mdogo mdogo or lipa pole pole in Kenya. This is a method of payment for goods where one only initially pays a fraction of the total cost of the asset. This is usually as low as 10% of the cost. Afterward, one pays the balance in the form of fixed installments. Installments can be daily, weekly, or even monthly payments.

Pros of hiring household goods under hire purchase

There are plenty of reasons to consider hire purchase when looking to buy household items. Here are some of the benefits.

·         Access quality household goods

If you opt to purchase items in cash, you will be limited in choice by the amount of money available to spend. However, with a hire purchase, one gets the chance to access expensive and quality items and use them right away.

·         Spreading the cost over a fixed term

The option to clear the balance in installments allows you to spread the cost of the goods. One can choose daily, weekly, or monthly payments depending on their income. This helps you avoid using all the cash in purchasing household items, which you can use in paying other bills or other expenditures.

·         Fixed interest rates

With hire purchases, the interest rates are fixed throughout the payment term. The interest rates are not affected by changes in rates set by the central bank of Kenya. One thus knows the total cost of the household items and thus budget accordingly.

·         Own the asset at the end of the agreement

Unlike leasing where the asset is returned to the owner, with hire purchase, the buyer becomes the owner after making the last payment.

Disadvantages of hire purchase

Here are some downsides of utilizing hire purchase to acquire household items.

·         The loan is secured against the goods

Hire purchase agreements are contracts, and one only becomes the owner after completing the payments. When one cannot afford payments, they lose the asset to the seller as well as any payments they had made.

·         Assets cost more overall

The interest rates charged on household goods mean that the total cost is higher than purchasing in cash.

Find the best household goods on hire purchase here. Follow Kenya credit Traders on Facebook.

Financing is always one of the top considerations when looking to acquire high-value assets. One will want to learn the payment options they can utilize to acquire assets.

In most cases, we use cash payments to buy an asset outright. However, this might not be possible in some cases. There are instances when you need items but you do not have funds for an immediate purchase. In some cases, one might overlook purchasing the items, but in other cases, one might have to compromise and purchase a less effective or low quality asset.

Hire purchase financing

Hire purchase agreements provide homeowners and business owners the chance to acquire items and make payments in installments. Hire purchase agreements need one to make a down payment for the asset. After making the down payment, one requires completing the balance in the form of periodic payments. Some dealers accept daily, weekly or monthly payments.

During the period when one acquires and uses the asset, they are referred to as a hirer. They will be hiring the assets until they make the last payment. The dealer transfers ownership of the assets to the buyer after they pay the last installment.

Digital financing

Technology has plenty of benefits, and its influence can be felt across all industries. In the financial world, there are new and modern financial products available to customers through the internet. When you require cash, one can easily turn to the internet to find loan products.

In Kenya, digital financing has been made more accessible through mobile loan apps. The online lenders offer short term loans or payday loan products that one can utilize to find cash to finance a purchase. M-pesa also makes the process of making repayments easier for the online loans.

Hire purchase vs digital financing

There are plenty of reasons why hire purchase is a viable option in the digital financing age. One of the best benefits of hire purchase is that they offer better interest rates. In most cases, the online loans will charge high interest to the borrowers, and the interest rates can change depending on rates set by the Central Bank. Hire purchase not only offers low interest rates, but the repayments are also fixed.

Leading hire purchase dealers such as Kenya Credit Traders have also embraced technology. One can easily find the assets they need for the business or home on the website and start the process of acquiring them on hire purchase.

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In Kenya, hire purchase remains one of the best ways to acquire household items in modern times. When you are looking to purchase electronics, you will be keen to determine the best payment option to utilize. Some of the electronics we intend to purchase are expensive and purchasing them outright can prove to be a daunting task.

When you do not have all the cash, you might be forced to settle for low-cost electronics or household goods. In most cases, low cost will mean that you compromise on the quality. However, it is possible to acquire high-value assets even when one doesn’t have all the cash. Here is what makes hire purchase a popular choice for household items.

Pros Of Hire Purchase Plan for Household Items

There are plenty of benefits of choosing hire purchase agreements when looking for household goods. Here is a look at some of the benefits:

1.      Access better household assets

If you only choose to purchase items outright, when you have limited resources, it might mean that you miss out on your dream electronics or appliances. In some cases, one might have to settle for low-quality assets. However, hire purchase allows you to purchase the assets to turn your house into your dream home. Hire purchase only requires you to pay a fraction of the cost as a down payment, and clear the balance over the agreed duration.

2.      Better repayment terms

When one needs electronics or other household items, taking a loan is one of the available options. However, the major downside of loans is the high interest rates that they attract. With hire purchase, the installments and interest charged are fixed. This means that one can budget to make payments in a timely manner to avoid losing the asset to the hire .

3.      Hire purchase financing is easy to obtain

Hire purchase agreements are not complicated as is the case with other financing options. One only requires providing the relevant documents to the hire purchase dealer. In some cases, hire purchase dealers do not consider your credit rating when approving the hire purchase contract. This makes it easier for the hire to get their desired electronics.

4.      Own the items at the end of the agreement

While hire purchase is almost similar to leasing, there are some notable differences. One of the most notable difference is that the hirer becomes the owner of the assets after paying the last installment.

Learn more about hire purchase on KCT blog. Kenya Credit Traders offer the best electronics and household goods hire purchase deals in Kenya.

When you need to purchase an item for your home or business and you do not have all cash at hand, it is worth considering utilizing hire purchase agreement. There are many benefits of hire purchase for a consumer. It is a great way to purchase high value assets quickly since it helps a consumer to spread cost over an agreed period.

In hire purchase, a consumer acquires assets immediately after they make a down payment. After paying the deposit, the customer is allowed to acquire and use the asset. The balance is paid in installments, and at the end of the hire purchase agreement, the hirer becomes the owner.

How Hire Purchase Is a Smart Choice With KCT

Financing is one of the key considerations when shopping for high value assets. In the past, cars and homes were the only assets financed using hire purchase. However, in modern times, there are plenty of consumer goods you can acquire through hire purchase. From TVs, refrigerators, kitchen appliances, and other household items, you can create your dream living space using hire purchase deals at KCT.

The number one reason why hire purchase is a smart choice with KCT is that it allows you to spread cost. When you need a refrigerator for your home, even the smallest one will cost you in excess of Ksh 15000. When using hire purchase, you can purchase even a larger capacity refrigerator with a smaller fraction of the cash. After paying the deposit, one will be paying monthly installments to clear the balance. This will be helpful since you will be paying a fraction of your income and use the remaining balance to cover for your other expenses.

Another benefit of purchasing consumer goods on hire purchase is the chance to purchase quality assets. When you do not have enough cash to purchase a quality asset, you might be forced to purchase a low-quality one. However, with hire purchase, you have the chance to purchase high-value and quality appliances and electronics. You will only require a fraction of the total cost to pay as the deposit. You can clear the balance in the form of installments while using the asset.

Learn more about hire purchase here. Follow Kenya Credit Traders on Facebook for best household items hire purchase deals.