In Malaysia when you take out a loan from. A hire purchase HP agreement is a credit agreement. What We Do Buying Property Hire Purchase Term Loan Get Instantly Matched with the Best Personal Loan Option for You. . Hire purchase or HP is a popular way of financing a car purchase. The hire purchase process is kept relatively simple. The more deposit you put down on a hire-purchase deal the lower your monthly payments are and vice. It means that buyers pay installments for both principal. 0722206073 0733615842. Hire Purchase is the most common type of car loan offered when you apply for car finance and is ideal if you are looking for a simple agreement with fixed monthly. Minimum and Maximum Loan Amounts Normally the lowest loan amount available from mainstream lenders is 5000 or 10000. Over the course of your finance agreement youll pay the full value of your chosen vehicle plus interest across a pre-agreed