Shophive Introduces Installment / Leasing Plans: Rip off or Thumbs up?

Stylazation

Proficient
Feb 23, 2012
762
0
21
Lahore
Leasing Rules & Regulations


This service is for Lahore only
Any Product can be purchased which is available on shophive
Any amount above Rs 10,000 can be Leased
Verification in 1 day, Next day delivery
Shophive reserves the right to approve or disapprove any application without giving any reason
There is no Fee whatsoever to apply for our installment plans
Guarantee of one friend or relative may be required, hence if the amount exceeds 100,000 Rs a cheque from guaranter could be asked
Shophive will take post dated cheaques of total amounts by the name of "Lahore Leasing"
Lease can be planned from 6 months to 18 months

example: 6 months = 24%, amount to be lease is 100,000 x 1.24 = 148000 / 6 = Rs 24,666 will be 6 equal installments
example: 12 months = 42%, amount to be lease is 100,000 x 1.42 = 142000 / 12 = Rs 11,833 will be 12 equal installments
example: 18 months = 63%, amount to be lease is 100,000 x 1.63 = 163000 / 18 = Rs 9,055 will be 18 equal installments
 

ashahzadpk

Well-known member
Apr 28, 2011
1,563
0
41
Peshawar
Since when installments plans are thumbsup ? Unless its 0% markup for something.

Sent from my GT-N7100 using Tapatalk 2
 

JJDoctor

Seasoned
May 25, 2009
3,122
12
43
Rawalpindi
Why dont we call it INTEREST or SOOD, I dont think its attractive package. 25% for 6 months is insanely high. this will be Epic fail..
 
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