What is the meaning of hire purchase in malayalam

Crafts from polymer clay with their own hands. A large selection of tips and examples of products from polymer clay https://clay-crafts.com/

Hire purchase, also known as installment buying, is a type of financing that allows people to buy items on credit and pay them off in installments. In Malayalam, it is known as “Karayam Thirichu”. This type of financing is popular in India, as it allows people to purchase items they may not be able to afford outright.

Hire purchase is a form of deferred payment, meaning that the buyer is not required to pay the full amount upfront. Instead, the buyer pays a deposit and then pays the balance in installments over a period of time. The buyer is then given ownership of the item once the entire amount is paid off.

Alles über Träume und Träume. Interpretation und Bedeutung der Träume https://traumauslegung.com/

The main advantage of hire purchase is that it allows people to purchase items they may not be able to afford outright. This makes it a great option for those who need to purchase items such as cars or furniture, but don’t have the money to pay for them in one go. It also gives people the flexibility to pay off the balance in installments, making it easier to manage their finances.

Hire purchase is also beneficial for sellers, as it allows them to receive payment for their goods over a period of time. This allows them to have a steady income stream, which can be beneficial for businesses.

Overall, hire purchase is a great option for those who need to purchase items they may not be able to afford outright. It allows them to pay off the balance in installments, giving them the flexibility to manage their finances. It is also beneficial for sellers, as it allows them to receive payment for their goods over a period of time.

Educational Encyclopedia