- Term Options: Customers can choose repayment terms ranging from 3 to 36 months.
- Installments: Payments can be made daily, weekly, fortnightly, bi-monthly, or monthly, as per arrangements with Vision Finance.
Mandatory
Must be permanently employed and/or in receipt of regular, consistent Income
Hire Purchase
Own it today pay at your pace
Mandatory Documents
Identification - ID's
- Valid Voter ID Card - Blue
- Valid Drivers License (DL)
- Valid Joint - FNPF/FRCS Card or TIN Letter
- Valid Passport or any other relative ID document if required
Employees
- Most recent 1-2 Payslips & 3months Bank, Loan statements
- Employment Letter if a New Customer
- Any Utility bill reflecting current residential address only if address on DL & Voter ID card differs
Self-Employed/Small, Micro, Medium Businesses
- Recent 3-6months Bank, Loan statements, 2 years Financial Accounts Tax returns
- Valid Business registration & Particulars of ownership
- Supplementary documents or information if required
Special Conditions
- Property or Land ownership Title or Lease Agreement documents, if required.
- Third Party residents - Landlord's/Landowner's registered approval required.
- Guarantor's or supplementary collateral may be required subject to approval conditions.
- Existing VIL - Vision Finance or Courts Privilege Gold, Platinum or Vision Premium Credit Card Customers with a Good credit rating history may be exempted from some if not all of the above requirements.
Mandatory Documents
R C Manubhai Valid Quotation (Valid for 10 days)
- Financing Amount: $500 - $15,000
Address Proof (Mandatory)
- Water Bill (with home address)
- EFL Bill (with home address)
- Tenant Agreement (with home address)
- Employer Letter
- Valid Driver’s License/Voter ID
ID Proof (Mandatory)
- TIN/ID Number
- Voter ID
- Valid Driver’s License
- Property/Land Ownership Title or Lease Agreement
Income Proof (Mandatory)
- 1–2 Recent Pay Slips
- Employment Letter
- 3 Months' Bank Statements
Referees (Mandatory)
- 3 referees required with complete details
Faq's
What are the repayment options?
What is the required deposit?
- Existing Vision Finance Customers: Zero deposit, subject to conditions at Vision Finance’s discretion.
- New Customers: A low deposit is required, subject to credit approval by Vision Finance.
What is the interest rate?
- Flat Rate: 24% per annum.
What is the financing amount required to qualify?
- Financing amounts range from $500 to $15,000. Higher amounts may be considered at Vision Finance’s discretion based on risk assessment.
What goods can be purchased on hire purchase from R C Manubhai?
- Eligible Goods: All durable and tangible goods sold by R C Manubhai.
What additional fees are charged?
- Documentation Fee: $20.00
- Administration Fee: 3% of the financed amount
How much will my installment be for a specific purchase amount?
The installment amount will be determined based on credit approval and may align with your pay cycle. Any alternative arrangements must be discussed with Vision Finance.
What are the mandatory requirements?
- Most recent 1–2 pay slips
- Last 3 months’ bank statements
- Loan statement (if applicable)
- Employment confirmation letter (for new customers)
Can I apply on behalf of a family member?
- No third-party applications are allowed.
- All applications must be submitted by the primary customer and borrower to ensure accuracy of personal and financial information.
If I have an account with Courts, do I still need to submit all requirements?
Having an account with Courts is advantageous for reference checks; however, a new application must still be submitted through R C Manubhai for hire purchase of building materials.
How long does the processing take?
1 to 3 working days provided all information is accurate and all required documents are submitted.
How will I know if my application has been processed?
You will receive a notification via text or email, depending on the contact details provided.
Are farmers eligible?
Farmers must be registered and have their income directly deposited into their bank account to qualify. If this requirement is not met, you do not qualify for hire purchase.
Can I use my M-Paisa statement as proof of income?
A bank account is mandatory. Applicants must provide the last 3 months’ bank statements with consistent deposits and a healthy balance. If this requirement is not met, you do not qualify for hire purchase.
Can I apply if I am working overseas?
The applicant must be residing in Fiji with a stable income. Third-party applications are not allowed.
Can I apply under my business?
Business applicants must provide the following:
- Business registration certificate
- Business Tax Identification Number (TIN)
- Last 6 months’ bank statements with consistent deposits
- Property or land ownership title
What if I live in a village and don’t have a property lease or title?
A letter from the Turaga ni Koro/Mataqali confirming your residency and duration of stay in the village is required.
Can I apply online?
Online applications are currently unavailable. You must visit a branch to submit your application for credit approval.
What if I receive my salary in cash?
All income must be deposited into a bank account to meet the application criteria. If this requirement is not met, you do not qualify for hire purchase.
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