Terms

Table of contents
  1. Requirements
  2. Terms & Conditions
  3. Undertaking

Requirements

  1. A photocopy of a valid National ID (Ghana Card) of both the hirer and the guarantor.
  2. A current passport picture of both the hirer and the guarantor.
  3. A current payslip for salary workers.
  4. Three (3) months current Bank Statement or Three (3) Months Mobile Money Statement.

Terms & Conditions

  1. Under no circumstance shall cash payment be made to any Staff. You do that at your own detriment.
  2. The first instalment payment shall be paid from the customer’s Momo line to Yekcasod Momo line on the day of receiving the item(s).
  3. The balance shall be paid in instalment either by using Cheque, Standing order, Momo or Direct transfer to Yekcasod account.
  4. Every payment you make to Yekcasod is a form of receipt and you must keep the records well for further reconciliation.
  5. The Hire purchase price is inclusive of loan interest.
  6. The cash price of the item is inclusive of VAT
  7. The ownership of the item(s) purchased is not transferred to the customer(hirer) till the last instalment paid
  8. Since the ownership is still invested in the Owner (Seller), Customer has not right to sell, alter or give the item(s) out unless fully paid for and ownership is transferred to the customer.
  9. On failure in paying the instalments, the Owner (Seller) can repossess the asset.
  10. At Yekcasod, sales is not made until final payment is done.

Undertaking

By buying from us on hire purchase, we believe you have read through and agreed to the terms and conditions of the agreement above.