LAYAWAY
Layaway is a method where you can purchase a product by laying a deposit and paying installments over a fixed period of time as per the plan you choose.
| Contract Period | Interest Rate | No. of Installments | Security Deposit |
|---|---|---|---|
| 30 Days | 5% | Maximum 2 | 20% |
| 45 Days | 6% | Maximum 2 | 20% |
| 60 Days | 7% | Maximum 3 | 20% |
| 90 Days | 9% | Maximum 3 | 20% |
TERMS AND CONDITIONS
- No exchanges and returns are applicable under this contract.
- The product booked cannot be changed after entering into a contract.
- Any additional costs (shipping / cleaning / repair) are not included in the layaway payments.
- Transaction will be acceptable as bank transfers only.
- A 3% fee will apply per each processing fee of 3 months will be applicable on the total billing amount.
- Interest Rates are fixed and non-negotiable.
- The date of sale would be considered as the date of paying security deposit for your product.
- The maximum allowed layaway payment period is 90 days. You may pre-pay your total balance with no penalty.
- Please note that the interest rate shall remain the same according to your contract policies in case of prepayment.
- Orders will be shipped after the final installment has been cleared.
- Delivery of the product shall be considered within 7-10 business days.
- Applicable on products worth Rs. 75,000/- and above each.
Please note the following:
In case of delay in paying installment amounts:
Layaway payments are due on the same date each month following the first purchase. If your payment is late, a penalty of 2% of the installment amount will be applicable for each day after date of installment has passed.
In case you fail to pay an initial installment:
The order shall be considered cancelled a day before your next installment date and the amount deposited shall be forfeited.
In case of cancellation of sale by customer:
The security deposit is non-refundable. The amount deposited at the time of booking shall be forfeited.
