Advising on the right hire purchase structure
We look at what the funds are for, the capacity to pay in instalments and whether ownership matters to you, then propose the structure that eases the initial financial strain.
Service
Financial leasing for individuals & SMEs
A service that gives small businesses and individuals who need machinery, vehicles or extra capacity straightforward access to lawful hire purchase finance, through banks, finance companies and CoreFinTech’s partners. We do not lend directly: we advise, standardise the file, connect the parties and stay alongside you through approval and the hire purchase itself.
What the service covers
Standardising the financial and legal file
We help prepare the file to banking standard: proof of income, the equipment purchase contract, invoices and the papers relating to the asset being acquired.
Connecting reliable financial partners
CoreFinTech works with licensed banks and leasing companies so the application is assessed quickly, matches what you need, and comes with clear terms.
Support with valid financial confirmations
We work with financial institutions to issue balance confirmations, cash-flow statements or commitment letters where the lessor requires them — entirely lawful and verifiable.
Alongside you through approval and signing
A CoreFinTech adviser stays with you from submission to signature, explaining the clauses, rights and obligations so the lessee understands the whole process.
Oversight and support throughout the term
Once the contract is signed, CoreFinTech continues to help track the payment schedule, deal with anything that arises and advise if you wish to buy the asset at the end of the term.
Legal note All leasing transactions run through a licensed credit institution or leasing company. CoreFinTech advises, connects and standardises the file; it never holds money and never lends directly.
Documents to prepare
Hire purchase is tied to a specific asset, so the file has a personal or company part and an asset part.
Individual client
- Citizen identity card or passport
- Bank account statements
- Employment contract or other proof of income
- Documents on marital status
Company
- Business registration certificate
- Financial statements for the most recent periods
- Tax returns already filed
- Bank account statements
- Contracts and invoices, both issued and received
Documents on the asset being acquired
- Quotation for the asset (vehicle, machinery, equipment)
- Supplier details and handover conditions
- How the asset will be used and the expected source of repayment
Free initial review of your file
You can send what you have even if the paperwork is incomplete. CoreFinTech looks at it, points out what is missing and how to fill the gaps before approaching a lender.
How we work through it
Four clear steps, so the business always knows where it stands and what comes next.
Send the requirement and initial review
The business submits its information on the CRM portal. CoreFinTech reads the file, identifies a workable route and states plainly what still needs to be added. This step is free.
Standardising and digitising the file
We reorganise legal papers, financial figures and cash-flow evidence the way a lender needs to read them, instead of starting over at every institution.
Connecting and comparing the options
The file is introduced to suitable partners. The business receives a comparison of rates, financing ratios, fees and covenants for each option and chooses for itself.
Follow-through after disbursement
CoreFinTech continues to help monitor progress, keep to the funding conditions and produce the periodic reports the lender requires.
Frequently asked questions
What clients ask most often about this service.
How does hire purchase differ from a bank loan?
In who owns the asset during repayment and in how security is handled. The lessor keeps ownership until the obligations are met, which usually means lighter demands for additional collateral. CoreFinTech explains the difference for each option as you compare.
Does CoreFinTech lend directly?
No. CoreFinTech advises, standardises the file and connects the business with banks, investment funds and finance companies. The decision to lend and the specific terms rest with those institutions.
How is the cost of the service worked out?
The initial review and assessment of the file is free of charge. Service fees are agreed file by file and confirmed in writing before any work begins; nothing arises outside that agreement.
Can we send the file without every document on the list?
Yes. The list above is the complete set for working with a lender; at the initial review CoreFinTech looks at what you have and then guides you through filling the gaps.
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Ready to start your application?
Submit your information once on the CRM so CoreFinTech can receive, standardise and route your file.