Pawning & selling of gold

GOLD-BACKED LOANS – TERMS & CONDITIONS

(South Africa – NCA & POPIA Aligned)

1. NATURE OF GOLD-BACKED LOANS

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.

2. GOLD OWNERSHIP & DECLARATION

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. VALUATION OF GOLD

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. TESTING & VERIFICATION

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. STORAGE & SECURITY

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. NCA-ALIGNED REPAYMENT TERMS

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. DEFAULT & DISPOSAL OF GOLD

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. ANTI-MONEY LAUNDERING (AML)

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.

9. PRIVACY & POPIA

All personal information collected in relation to gold-backed loans is processed in accordance with:

• POPIA

• NCA record-keeping requirements

Gold Disclaimer:
Gold-backed loans are subject to testing, verification, and market-based valuation. Loan approval and amounts are not guaranteed and depend on purity, weight, and prevailing market prices.

11. GOLD-SPECIFIC AGREEMENT ANNEXURE This annexure forms part of the Loan Agreement between the parties and applies specifically to loans secured by physical gold. In the event of default, pledged gold may be disposed of in accordance with the National Credit Act and applicable South African laws.