Borrowers

01 May 2017
Contracts
Lenders
are offering
SGD 1 Months 2.25%
USD 1 Months 2.50%
SGD 6 Months 3.25%
USD 6 Months 3.75%
SGD 12 Months 4.00%
USD 12 Months 4.00%
SGD 24 Months 4.25%
USD 24 Months 4.50%
01 May contract bidding closes in 6 days 15 hours.
View Offer & Request Listings

Unlock liquidity when you need it and on the terms you want, while maintaining ownership of your bullion.

As a storage customer owning bullion parcels, you can:

  • Use your bullion as collateral to get up to 50% of its value in cash
  • Set your own interest rate, currency and loan duration
  • Enjoy uncomplicated procedures to get the liquidity you want, when you want it
  • Bypass credit checks, bureaucracy and fund usage restrictions
  • Use the funds for any purpose, including buying more bullion

When you agree on terms with a lender a contract is created and a lien is placed on the bullion parcels you choose to use as collateral. When your repay the loan the lien is removed. Your ownership of the bullion never changes. We only charge a 0.5% administrative fee.

Transferred-in bullion can also be used as collateral, so if you store bullion at home or with another provider, transfer it to us to obtain a loan. Loans always start on the 1st, 8th, 15th and 22nd of the month, allowing you to roll over funds from one loan to another without downtime.

See the Loan Schedule for more details. The next loan payout is on 01 May 2017.

Popular Borrower Uses

  • Money bag

    Emergency Money

    You might not need funds now, but it is good to know that your bullion enables you to have quick, low cost, access to cash if needed.

  • Money fruit

    Replace High Interest Debts (arbitrage)

    Use your loan to repay higher interest debts such as unsecured loans, credit cards, and mortgages in high interest countries.

  • Bullion bars stacking up

    Purchase Additional Bullion

    You can now pay for bullion orders with your upcoming P2P funds, even if the loan payout is not until the next Loan Start and is more than two business days away. Just note in the Order Comments section that you wish to use your P2P funds for your bullion payment.

How to Borrow

Step 1. Set your terms

Creating a borrowing request on Silver Bullion is simple and will only take a few minutes. Log into your S.T.A.R. Storage account and set the terms for your borrowing request.

The terms you can set: Loan Currency, Loan Duration, Offered Interest Rate. (Click to enlarge)

Under the “Valid Until” option, you can choose to have your borrowing request carried forward to subsequent bidding periods until you cancel it or for selected period only, in the event that your borrowing request is not filled during the current bidding period.

Make a new Borrowing Request

Step 2. Select the parcel(s) you want to collateralize and loan amount

Decide on the amount that you want to loan, and select the number of parcelps required by referring to the loanable limit.

Enter the amount you would like to loan. Under the "Valid Until" option, you can choose to have your borrowing request carried forward to subsequent bidding periods if your borrowing request is not matched during the current bidding period.

Make a new borrowing request

Step 3. Post your borrowing request

Review all terms before posting your borrowing request.

Borrowing Request Summary

Borrow: Loan amount and contract start date
Return: Total repayment amount (including interest and administrative fees) and repayment date
Loan Interest and Loan Term: Desired interest rate and duration of loan contract
Administrative Fees: 0.5% of Loan Amount

Collateral Summary

Number of Parcel(s): Refers to the parcels put up for collateralization
Collateral Coverage: How much of the requested amount is covered by your collateralized parcels
Valued At: Total value of your collateralized parcel(s), based on the spot price at the time when the borrowing request is made

Once you have confirmed and submit your borrowing request, it will be posted on our loan listing page for potential lenders to view.

Make a new Borrowing Request

Loan Contracts

A contract between a borrower and lender

Once your loan request is filled and a legally binding contract between the borrower and lender is created, Silver Bullion will act as an escrow agent to enforce the contract by collecting and disbursing funds between the parties and locking collateral.

Your loaned amount will become available in your P2P account on the Loan Start date. You can then have the funds wired to your linked bank account, use them to purchase bullion or use them for P2P loan purposes.

Should your P2P balance be insufficient to cover an interest, fee or principal repayment you will be charged a late fee of 1.5% of the outstanding amount. Please note that eventual bank wire fees from or to your linked bank account will debited to your P2P account.

Find out more:

For Lenders

FAQ

P2P Funding Options and Start Dates

Offer & Request Listings