QuestionsCategory: CA-Final NBFCsWhat exactly is the basic transaction of Hire Purchase Finance company under NBFC?
Urvashi jainurvashi jain asked 6 years ago

Whether the Hire Purchase Finance company itself is a vendor of asset or does it arrange the vendor for the client? What is the exact process. Please illustrate in brief

1 Answers
RaviRavi Staff answered 6 years ago

HP company may or may not be vendor
HP NBFC company is generally only for finance they procure assets and give them on HP to others.
its a step by step process

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