Gold Bar Installment Plan

1. Eligibility

1.1 The Gold Bar Installment Plan is available to customers aged 18 years and above.

1.2 The Company reserves the right to approve or reject any application at its sole discretion.

2. Available Installment Plans

Customers may choose one of the following payment plans:

3-Month Installment Plan

• Minimum Down Payment: 35% of the total purchase price.
• Remaining balance payable over 3 monthly installments.
• Installment Service Fee: 1% per month.

6-Month Installment Plan

• Minimum Down Payment: 20% of the total purchase price.
• Remaining balance payable over 6 monthly installments.
• Installment Service Fee: 1% per month.

Installment Service Fee

The Gold Bar Installment Plan is subject to an Installment Service Fee of 1% per month. This fee covers the administration, processing, handling, and secure storage of the customer's gold bar throughout the installment period.

The applicable Installment Service Fee will be disclosed to the customer before the purchase is confirmed and will form part of the total amount payable under the Installment Plan.

3. Gold Price

3.1 The purchase price of the gold bar is fixed and confirmed upon receipt of the required down payment.

3.2 Once confirmed, the agreed purchase price will not change regardless of future gold price movements.

4. Ownership of Gold

4.1 All gold bars purchased under the installment plan remain the exclusive property of the Company until full payment has been received.

4.2 The gold bar will only be released or delivered after the purchase price, installment service fee, and any applicable charges have been paid in full.

5. Monthly Payments

5.1 Monthly installments must be paid on or before the agreed due date.

5.2 Customers are responsible for ensuring payments are made on time.

5.3 The Company may provide payment reminders as a courtesy, but the responsibility for timely payment remains with the customer.

6. Late Payment

6.1 An installment is considered overdue if it remains unpaid for more than 30 days after the due date.

6.2 If payment remains outstanding:

• The Company will issue a First Reminder Notice.
• If payment is not received within 3 calendar days, a Final Reminder Notice will be issued.
• If payment is still not received within 3 calendar days after the Final Reminder Notice, the account will be treated as being in default.

7. Default

If the customer defaults on the installment plan:

• The Company may immediately terminate the installment agreement.
• The Company reserves the right to sell or otherwise dispose of the gold bar without further notice or consent from the customer.
• Sale proceeds will first be applied toward: outstanding purchase balance; accrued installment service fees; administrative, storage, and collection costs (where applicable).

If the sale proceeds exceed the amount owed, the remaining balance will be refunded to the customer.

If the sale proceeds are insufficient to cover the outstanding amount, the customer remains responsible for paying the remaining balance, where permitted by applicable law.

8. Early Settlement

Customers may settle the outstanding balance at any time before the end of the installment period. The Installment Service Fee will be calculated up to the actual settlement date unless otherwise agreed by the Company.

9. Cancellation

9.1 Orders confirmed with a down payment cannot be cancelled without the Company's written approval.

9.2 If cancellation is approved, the Company may deduct:

• Losses resulting from changes in the gold market price;
• Administrative charges;
• Bank or payment processing fees;
• Any other reasonable costs incurred in connection with the order.

Any remaining balance will be refunded to the customer after these deductions.

10. Payment Methods

The Company accepts payment through approved payment methods published on its website or otherwise communicated to the customer.

11. Customer Information

Customers agree to provide accurate and complete information when applying for an installment plan. The Company may request identification documents and additional information to verify the customer's identity.

12. Limitation of Liability

The Company shall not be liable for any indirect, incidental, or consequential losses arising from delays, payment failures, market price fluctuations, or circumstances beyond the Company's reasonable control, except where liability cannot be excluded under applicable law.

13. Privacy

Personal information collected for the installment plan will be handled in accordance with the Company's Privacy Policy and applicable data protection laws.

14. Amendments

The Company reserves the right to amend these Terms & Conditions at any time. Any changes will apply prospectively and will be published on the Company's website. Existing installment agreements will continue to be governed by the version accepted by the customer at the time of purchase, unless both parties agree otherwise or applicable law requires the change.

15. Governing Law

These Terms & Conditions shall be governed by and interpreted in accordance with the laws of the country in which the Company is incorporated and operates.

16. Acceptance

By placing an order under the Gold Bar Installment Plan and paying the required down payment, the customer confirms that they have read, understood, and agreed to these Terms & Conditions.