Pawning & selling of gold
Pawning & selling of gold
GOLD-BACKED LOANS – TERMS & CONDITIONS
(South Africa – NCA & POPIA Aligned)
We Pawn Cars offers private, asset-backed loans secured against physical gold.
Accepted gold assets include:
Gold bars
Gold coins
High-value gold jewellery
All gold transactions are conducted confidentially and by appointment only.
The Client declares that:
They are the lawful owner of the gold
The gold is not stolen, pledged, financed, or subject to any claim
The gold is not linked to any unlawful activity
False declarations may result in refusal of service and reporting as required by law.
3.1 Gold is valued based on:
Verified weight
Purity (karat or fineness)
Prevailing market price at time of valuation
3.2 Valuations:
Are market-based estimates
Are not retail or resale guarantees
May fluctuate with market conditions
3.3 Loan amounts are determined at the discretion of We Pawn Cars.
4.1 Gold may be tested using:
Acid testing
Electronic testing
XRF scanning (where applicable)
4.2 We Pawn Cars reserves the right to:
Refuse any item
Retain test results
Report suspected counterfeit or stolen items
5.1 Pledged gold is:
Stored securely
Access-restricted
Logged and recorded
5.2 Insurance coverage, where applicable, is limited to the loan agreement terms.
5.3 We Pawn Cars is not responsible for:
Pre-existing defects
Normal wear to jewellery
Hidden flaws or inclusions
6.1 Gold-backed loans may constitute pawn transactions under the National Credit Act, 34 of 2005.
6.2 All fees, interest, and repayment terms are disclosed in:
A Pre-Agreement Quotation
The Loan Agreement
6.3 Clients have the right to:
Early settlement
Written statements of account
NCA-mandated notices before enforcement
7.1 If the loan is not repaid within the agreed term, We Pawn Cars may, subject to the NCA:
Issue a Section 129 notice
Dispose of the pledged gold lawfully
7.2 Any surplus proceeds after settlement of debt and costs will be handled in accordance with the NCA.
8.1 Gold transactions may be subject to:
Identity verification
Record-keeping requirements
Reporting obligations under applicable laws
8.2 We Pawn Cars reserves the right to refuse any transaction that raises compliance concerns.
All personal information collected in relation to gold-backed loans is processed in accordance with:
POPIA
NCA record-keeping requirements