Layaway Program

We always hear it from the finance gurus: “Don’t spend what you don’t have,” and yet we rack up loans and credit card bills to fund our passions, our gear.

Here at Urban Gadgets, we’re offering you a Layaway program where you get to set aside a portion of your budget to fund your need for a gadget. Here’s how it works: Just pay 25% upfront and pay in 3 easy installments. We’ll hold on to your gear for you and ship it to you once you finish your payments! 

Start saving up for that much-needed gadget fix now!

Program Mechanics:

  • The layaway program is available for selected regular-priced items with SRP of ₱5,000 and up.
  • To be eligible for the Layaway Program, the customer is required to settle a 25% deposit upon checking out on the website.
  • The zero percent installment plan is payable in 3 months. Due date will be based on the purchase date.
  • Order will be considered “reserved” once 50% of the total amount has been settled.
  • Item/s and receipt will be shipped to the customer two (2) business days after the final payment has been verified by our Finance Team.
  • Orders under the Layaway Program may be cancelled or terminated due to non-payment.

Sample Payment Schedule

Item purchased: Bose Soundlink Mini Bluetooth Speaker Silver

  • Amount: ₱13,000
  • Purchase Date: June 25, 2020
  • Order Release Date: September 30, 2020 
Payment Due Date Percentage Amount Due
Initial Deposit June 25, 2020 25% ₱3,250
First month installment July 25, 2020 25% ₱3,250
Second month installment August 25, 2020 25% ₱3,250
Third month installment Sept 25, 2020 25% ₱3,250
  TOTAL 100% ₱13,000
  • A grace period of 72 hours (or 3 calendar days) will be given to customers.
  • Failure to settle scheduled payments within the grace period will mean order cancellation.

Sample Computation for Reserved Order

  • Order Amount: ₱10,000
  • Payments made: ₱5,000 (50%)
  • Status: Reserved

Cancellation of Orders

Payments made prior to termination of Layaway Program due to non-payment are refundable up to 40% of the amount deposited. 

Sample Computation for Refund:

    • Order Amount: ₱10,000
    • Amount Settled: ₱7,500
    • Refundable amount: ₱3,000
  • A customer who wishes to cancel their order under the Layaway Program must send an email to
  • Refunds will be processed within five (5) business days and will be issued via check.
  • Once an order under the Layaway program is cancelled, the reserved items will automatically be released for resale to the next customer in line.


  • Should the reserved item reach its end-of-life, an upgrade will be given to the customer free of cost, provided that the SRP is of the same value.
  • Additional fees will be charged to the customer to settle the price difference if the SRP of the replacement model is higher than the old model.

Deemed Acceptance

  • Customers who purchase orders under the Layaway Program are automatically expected to have read, understood, and accepted the mechanics of the Layaway Program and Urban Gadgets PH Terms and Conditions.