Terms of Service
Last Update :
01 April, 2025
Terms and Conditions for Loans Against Jewellery (Secured Collateral)
Effective Date: 01/04/2025
These Terms and Conditions ("Agreement") govern the loan arrangements between DEJ Cash and Loans for Gold ("Lender", "we", "us" or "our") and the borrower ("Borrower", "you"). By entering into this loan agreement, you agree to be bound by the following terms:
1. Loan Agreement Overview
1.1 Nature of Loan
This is an interest-only loan, where the Borrower is required to pay only the interest for the term of the loan, and no principal repayment is due during this period.
2. Loan Term and Interest
2.1 Loan Term
The loan term shall be a minimum of one (1) month and a maximum of one (1) year from the date of this Agreement, unless otherwise extended as set forth below.
2.2 Interest Rate
Interest will be charged as specified in the invoice for the loan, which pertains only to the interest, not the principal. The interest rate and amount are fixed for the entire term of the loan and shall not be altered until both the principal and the required interest are fully repaid.
2.3 Access to Collateral
The Borrower acknowledges that they shall not have access to any of the collateral (including jewellery or other valuable items) listed in the invoice for the duration of the loan term. The collateral shall be treated as a single, indivisible entity until the entire loan amount, including both principal and interest, is fully satisfied.
3. Loan Repayment Terms
3.1 Roll-Over of Loan
The loan shall automatically roll over on a monthly basis unless the Borrower repays the entire principal amount in advance. Should the Borrower choose to repay the loan earlier than the agreed term, the interest will be prorated from the last rollover date.
3.2 Early Repayment
The Borrower retains the right to repay the entire loan balance early, with the interest prorated from the last rollover date. In the event the principal is repaid prior to the expiration of one (1) month, a minimum of one (1) month's interest shall be due. If this interest has been paid by the seventh (7th) day following the execution of this Agreement, only fifty percent (50%) of the first month's interest will be due.
3.3 Repayment of Principal
The entire principal must be repaid within one (1) year from the execution of this Agreement, or the Borrower must enter into a new agreement with the Lender. The Lender will make reasonable efforts to contact the Borrower for the signing of a new agreement if necessary.
3.4 Failure to Repay
If the Borrower fails to repay the entire principal amount within one (1) year, or if they do not sign a new agreement or fail to pay any interest due for more than one (1) month, the Borrower will be in default. The Lender may exercise their rights under the "Default and Lender Rights to Collateral" section.
4. Collateral Storage and Insurance Responsibilities
4.1 Storage of Collateral
The collateral, including jewellery or other precious items, shall be stored by the Lender for the duration of the loan term. The Lender will exercise reasonable care in the custody of the collateral.
4.2 Insurance of Collateral
The Lender is not responsible for insuring the collateral against theft, damage, or any other risks. The Borrower shall bear sole responsibility for obtaining adequate insurance to protect the collateral during the term of the loan.
4.3 Notice for Collateral Retrieval
If the Borrower wishes to repay the entire loan principal and cancel the loan, the Borrower must provide at least two (2) business days’ written notice to the Lender for the retrieval of the collateral.
5. Default and Lender's Rights to Collateral
5.1 Definition of Default
A default shall occur if the Borrower:
Fails to repay the full principal amount by the agreed term of one (1) year;
Fails to execute a new agreement within the required timeframe;
Is more than one (1) month overdue in making any interest payments.
5.2 Lender’s Rights Upon Default
In the event of default, the Lender shall be entitled to immediate and complete ownership of the collateral. The Lender may sell, melt, or otherwise dispose of the collateral as they deem appropriate. The value of the collateral will be assessed at the lesser of:
(i) the value at the time of the Agreement, or
(ii) the highest price obtainable in the market at the time of sale.
5.3 Proceeds from Collateral Sale
Any proceeds from the disposition of the collateral will be applied first to satisfy any outstanding principal, unpaid interest, and any other charges owed by the Borrower under this Agreement. Any surplus funds after settling the debt will be returned to the Borrower.
5.4 No Further Claims
The Borrower acknowledges and agrees that they shall have no further claim to the collateral or any appreciation in its value once a default has occurred.
6. Ownership of Collateral
6.1 Affirmation of Ownership
By signing this Agreement, the Borrower affirms that they are the rightful owner of the collateral and that the collateral is free from any third-party claims, liens, or encumbrances.
7. Miscellaneous
7.1 Entire Agreement
This Agreement constitutes the entire understanding between the Borrower and the Lender concerning the loan and supersedes all prior discussions, agreements, or representations, whether oral or written.
7.2 Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Victoria, Australia, and applicable federal laws.
7.3 Amendments
The Lender reserves the right to amend or modify this Agreement at any time. Any amendments will be communicated to the Borrower, and continued use of the loan services will constitute acceptance of such modifications.
7.4 Severability
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
Contact Information
For any questions or further information, please contact us at:
Name: DEJ Cash & Loans for Gold
Address: Shop 1 93-95 Grimshaw Street, Greensborough VIC 3088
Phone: 0433 083 883
Email: info.dejgold@gmail.com
Terms and Conditions for Selling Gold to DEJ Cash & Loans for Gold
Effective Date: 01/04/2025
By selling your gold to DEJ Cash and Loans for Gold ("we","us", or "our"), you agree to the following Terms and Conditions ("Agreement"). These terms govern the sale of gold and other precious metals to us and are binding once you enter into a transaction with us.
1. Agreement to Sell
1.1. Transfer of Ownership
Upon agreeing to sell your gold and completing the transaction, you irrevocably transfer all rights, title, and interest in the gold to DEJ Cash and Loans for Gold. You acknowledge and agree that once the sale is completed, you have no further claim or right to the gold, nor will you have any claim to return, exchange, or contest the transaction.
1.2. No Right of Return
Once the gold has been sold to us, you waive any and all rights to a return or exchange of the item(s). The transaction is final and non-refundable.
2. Value of Gold
2.1. Market Value Fluctuations
The value of gold, like any commodity, fluctuates based on market conditions. DEJ Cash and Loans for Gold determines the value of the gold we purchase at the time of the transaction, based on prevailing market prices, the condition of the gold, and other relevant factors.
2.2. No Guarantee of Value
We make no representations or guarantees regarding the future value of the gold once it is sold to us. Due to fluctuations in the market, we cannot guarantee or promise that the value we offer will be the same as the price at any other time or at any other location. The value of gold can increase or decrease between the time of your sale and any future point in time.
3. No Refunds
3.1. No Refund Policy
Upon completion of the sale of your gold, no refunds or exchanges will be offered. Once we acquire the gold, we may sell, melt, or otherwise process it at our discretion. As a result, we are unable to reverse or refund the transaction after the gold has been transferred to our possession.
4. Pricing Discrepancies
4.1. Independent Valuation
You acknowledge that the price offered by DEJ Cash and Loans for Gold for your gold is based on our independent assessment of its value, which may differ from the valuation or price offered by other gold buyers, dealers, or businesses.
4.2. No Price Comparisons
You agree not to contest or challenge the price we offer based on pricing information or quotes from other buyers, as we operate independently and assess the value of gold according to our own standards and practices.
5. Warranties and Representations
5.1. Your Warranties
By selling gold to DEJ Cash and Loans for Gold, you represent and warrant that:
(a) You are the rightful owner of the gold being sold and have full legal authority to transfer ownership;
(b) The gold is free from any encumbrances, liens, or claims;
(c) The gold has not been stolen or obtained through fraudulent means.
5.2. No Warranty on Gold
We make no warranties regarding the quality, purity, or authenticity of the gold. The value we offer is based on our assessment of the gold at the time of the sale, and we are not responsible for any discrepancy in value that may be determined after the transaction.
6. Limitation of Liability
6.1. Exclusion of Liability
To the fullest extent permitted by law, DEJ Cash and Loans for Gold excludes all liability for any loss, damage, or expense incurred by you as a result of the sale of your gold to us. This includes, but is not limited to, any loss in value, any dispute regarding the gold's authenticity or condition, or any claims arising from the subsequent sale, melting, or processing of the gold.
6.2. Indemnity
You agree to indemnify, defend, and hold harmless DEJ Cash and Loans for Gold from any and all claims, losses, damages, liabilities, and expenses (including legal fees) arising from any breach of the representations and warranties in this Agreement, or from any legal claims related to the sale of your gold.
7. Governing Law and Dispute Resolution
7.1. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Victoria, Australia, and the laws of Australia, without regard to its conflict of law principles.
7.2. Dispute Resolution
In the event of any dispute arising under or in connection with this Agreement, you agree to first attempt to resolve the dispute through informal negotiation. If the dispute cannot be resolved through negotiation, you agree to submit the dispute to binding arbitration under the laws of Victoria.
8. Miscellaneous
8.1. Entire Agreement
This Agreement constitutes the entire understanding between you and DEJ Cash and Loans for Gold regarding the sale of gold and supersedes all prior discussions, negotiations, or agreements, whether oral or written.
8.2. Severability
If any provision of this Agreement is found to be invalid, illegal, or unenforceable, the remaining provisions will continue in full force and effect.
8.3. Amendments
DEJ Cash and Loans for Gold reserves the right to modify or amend these Terms and Conditions at any time. Any modifications will be posted on our website or made available upon request. Your continued use of our services after such changes constitutes your acceptance of the revised Terms and Conditions.
Contact Information
For any questions or further information regarding the sale of your gold or these Terms and
Conditions, please contact us:
Name: DEJ Cash & Loans for Gold
Address: Shop 1 93-95 Grimshaw Street, Greensborough VIC 3088
Phone: 0433 083 883
Email: info.dejgold@gmail.com