Nations Trust Bank

Vehical/Loan/Lease/Agreement No *
Policy No
Contact No *
(Should be in the format 9999999999)
Premium Amount *
(Should be in the format 0000.00)
Payment Mode *

Note: All Extended Settlement Plans are subject to a handlling fee
Method Of Payment Installment Amount Handling Fee Total Charge
Upfront Payment
3 Months Extended Instalments
6 Months Extended Instalments
9 Months Extended Instalments
12 Months Extended Instalments

Extended Settlement Plan Terms & Conditions 1. This ESP offer with Nations Insurance Brokers Ltd (The merchant) will be available to all American Express card members in possession of credit cards issued by Nations Trust Bank (“NTB” or the “Bank”) only. The Bank reserves the right to withdraw this offer at any time to any or all cardmembers at its discretion. 2. The cardmember agrees that the Bank may at its discretion require a minimum/ maximum purchase amount to qualify for the ESP. 3. All applications/requests for the ESP are subject to the available balance in the cardmember’s card account and to acceptance by the Bank. 4. Acceptance of the cardmembers application/request, the installment amount and/or period granted, shall be at the sole discretion of the Bank 5. Once the application/request is submitted, the ESP details requested cannot be changed by the cardmember and NTB is authorized to charge such installment amount for such period (or such installment amount for such period as the Bank shall have approved and notified to the cardmember ) to the cardmembers card account. Should the application/request not be accepted by the Bank, the cardmember agrees that the amount of the total installments referred to above shall be debited to his/ her said card account in one lump sum. 6. The cardmember agrees that the first installment will be debited to the cardmember’s card account on such date as maybe determined by the Bank in the Bank’s sole discretion. 7. All installment amounts paid are non refundable and all goods purchased under the ESP may not be exchanged/ returned/ traded in and the amount of each installment and the installment period as approved by the Bank may not be varied. 8. The Bank is authorized to continue to debit the cardmember’s card account in accordance with the terms and conditions hereof despite any agreement between the cardmember and the merchant being contrary to any of the above. 9. The amount of each installment will be debited to the cardmember’s card account on a monthly basis and will be included as a transaction appearing on the statement to be sent to the cardmember in relation to the card account. Save where expressly provided herein each installment amount shall be treated in the same way as a transaction charged to the card account and shall be paid by the card member in the same manner. 10.The cardmember may at any time repay to the Bank the sum of all installments then remaining outstanding under the ESP by notifying the Bank in writing/ fax prior to depositing funds to the card account. The payment may be by cheque or other means acceptable to the Bank. However requests for part acceleration of the repayment of installments shall not be accepted by the Bank 11.If the cardmember’s credit card is cancelled/ terminated/ blocked/ not renewed/ over limit due to default / delinquency/ nonpayment of dues at any time during the operation of the ESP the total outstanding installments shall become immediately due and payable by the cardmember. No reversal can be made once the Bank has billed the total balance. 12.NTB reserves the right to reduce the balance available to the cardmember’s credit card account by the amount of the total installments payable under the ESP upon the ESP being approved by the bank or after evaluating the cardmember’s account at the end of each billing cycle or any other such time. 13.The Bank shall not be liable for any consequence arising out of the Bank’s failure to recover the installment due, due to inadequacy of funds and or credit facilities provided always that if the Bank shall at its sole discretion decide to carry out the cardmember’s instructions not withstanding such inadequacy of funds (in the absence of express instructions to the contrary) the Bank may do so without seeking prior approval from or notice to the cardmember and the cardmember shall be responsible for the resulting overdraft, advance or credit thereby created. The Bank however shall at its sole discretion abstain from carrying out such recoveries. 14.The Bank may at anytime without notice combine and consolidate all or any of the accounts held in the cardmember’s name irrespective of the titles they come under, and or set off against the cardmembers overdrawn account all or any monies whatsoever and whether on current account, savings account or deposit account and in whatsoever currency which the Bank may at anytime hold to the cardmember’s account at any of its offices. 15.The cardmember hereby agrees and authorizes the Bank to appoint third party collection agents for recovery of outstanding amounts. The cardmember shall pay all the costs of collection of the outstanding amounts with interest, legal expenses and collection agency charges should it become necessary to refer the matter to a collection agency to take legal action to enforce payment. 16.No delay or omission of the Bank in excising or enforcing (whether wholly or in part only) any right or remedy hereunder shall impair such right or remedy of the Bank or be construed as a waiver of such right or remedy. 17.The Bank accepts no responsibility in any way for any goods purchased under the ESP and any dispute relating to same should be resolved by the cardmember directly with the merchant and no claim by the cardmember against the merchant will relieve the cardmember from his/her repayment obligations to the Bank hereunder. 18.Unless otherwise provided herein, the Nations Trust Bank cardmember agreement (Cardmember’s agreement) shall apply to payments under the ESP as if each installment amount was a transaction charged or to be charged to the cardmember’s account. In the event of any conflict arising between the terms and conditions hereof and the cardmember agreement the former shall prevail to the extent that the same relates to the matters involving payment under the ESP. 19.Any purchase order of goods that has been placed with the merchant under the ESP is irrevocable and no order details can be altered. 20.Bankruptcy of the merchant to whom the cardmember has made payment in advance through the ESP shall not release the cardmember from his/her obligations to pay the installments as agreed. 21.The membership reward points under the Bank’s existing reward scheme will be awarded to the cardmember only upon due payment of each installment. However the Bank shall have the discretion of withholding such rewards points. 22.In the event any cardmember while making payment under the ESP is upgraded by the Bank (e.g.: from Green Card to Gold Card) the remaining balance outstanding thereunder will be transferred to the new upgraded card. 23.Any claim, summons, advice or notice relating to this ESP which the Bank may desire to convey to the cardmember shall be deemed to have been duly given to the cardmember if given in writing by post to the address of the cardmember last known to the Bank. 24.The ESP and these terms and conditions shall be construed and take effect in accordance with laws of Sri Lanka and proceedings shall be brought in the courts of Sri Lanka provided always that the Bank may if it so desires take proceedings in the court of any other country or jurisdiction if it thinks fit in which event the laws applicable to that country shall apply and the cardmember agrees to submit to such other courts and such other laws. 25.The Bank reserves the right to impose service fees and/ or other charges/ commissions levies on the ESP from time to time as the Bank in its absolute discretion deems necessary. 26.The Bank reserves the right to modify and change all or any of the rules applicable to the ESP at any time, without prior notice. 27.All communications should be addressed to the Nations Trust Bank PLC American Express Card Center, 256 Srimath Ramanathan Mawatha, Colombo 15. 28.The ESP cannot be used in conjuncture with any other promotion/ discount Programme. 29.In the event of any dispute or difference of opinion regarding these Terms and Conditions the decision of the Bank will be final. The Bank reserves the right to alter/amend these terms and conditions from time to time without prior notice to the cardmember and may notify the cardmember of such alterations in any manner it thinks fit (including displaying at the Bank branches). The cardmember will be bound by such alterations unless the sum of all installments then remaining outstanding under the ESP is settled in full before the date upon which any such alteration is to have effect.
Hereby confirm that I have read and understood the Extended Settlement Plan
Terms & ConditionS and agree and consent to be bound thereby