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How to add your Hire Purchase loan on Moorr

  1. Head to the Financial Dashboard section on your Moorr app and click to add a Borrowing. Click here to find out how to do that.
  2. Click Hire Purchase loan on the option provided.
  3. Enter the name of this loan.
  4. Select the owner of this loan and click next.
  5. Enter the Purpose of this loan, the loan type, the outstanding balance, and the provider.
  6. Enter the amount borrowed, the loan start date, and the loan term.
  7. Enter all the other details of this loan such as the interest rate, the repayment amount, the frequency, and the account where the payment is coming from. Leave a note if you must. Click save once you’re done.

 

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