What is the Goodwill Discount?
The Goodwill Discount is a special, one-time reduction given to existing Hire-Purchase (HP) customers who choose to settle their loans early.
This initiative follows the Hire-Purchase (Amendment) Act 2026 (HPAA), which takes effect on 1 June 2026. It aims to align existing "flat rate" loans with the fairer "reducing balance" method used for new loans.