SECURED LENDING AND BORROWING
Storage

Secured Peer-to-Peer Lending Platform

Silver Bullion acts as escrow, custodian and platform provider to securely enable lending and borrowing between clients at their chosen terms. Clients have made 709,727,241 SGD loans since 2015 with no defaults, thanks to high collaterals and our sweeper fund.

Borrowing (Ask)

Borrowing requires eligible physical assets (e.g., bullion, luxury watched) to be vaulted with us to guarantee loan repayment. Clients with physical assets can create borrowing requests to ask for funds at their chosen terms.

Your assets remain your property

A lien is placed on the parcels you choose to use as loan collateral. These parcels will need to stay in our vault until the loan is returned.

Fast, efficient, and inexpensive

Loans contracts are made in minutes, funds are released on the 1st, 8th, 15th and 22nd of each month and the only processing fee is a 0.5% p.a.* of loan amount, payable at loan end. *(1% for - 1 month loans).

Deposit existing assets with us

Unlock liquidity from your existing eligible assets. After transfer-in and authentication, you can obtain funds without selling your eligible assets and avoid potential capital gains taxes.

Lending (Bid)

Lending requires USD / EUR / SGD to be held in our escrow account so it can be lent to borrowers. Lenders create lending offers to bid for loans at their chosen terms.

Secured

Your loan is secured with 160% to 200% of borrower’s assets and should, during the loan term, the collateral fall to 110% we will liquidate the assets to cover the loan.

Reliable

A separate “sweeper fund” absorbs eventual payment delays by your counterparty, ensuring reliability and enabling smooth roll-overs without idling funds.

Authenticated and Insured collateral

The collateral is authenticated by us and further insured by Lloyd’s of London underwriters– covering theft, infidelity and mysterious disappearance.

How Secured Lending Works

Over the last 8 years, we have processed 17,124 loans without any defaults to lenders. The steps involve:

Bid/Ask Market

Available lending offers and borrowing request for the next loan start date are listed in the Bid/Ask Market. All loans start on the next loan starting date, being the 1st, 8th, 15th or 22nd of each month.

Lenders and Borrowers agree on terms

When a lending offer and borrowing request match, a contract is created. The bid / ask market enables lenders and borrowers to find a mutually agreeable amounts, interest rates (2% to 10% p.a.), currencies (SGD, USD or EUR) and durations (1, 6, 12 or 24 months).

Transfer of Funds and Low Fees

Silver Bullion will send the funds to the respective parties, ensuring reliability. The only loan processing fee is a 0.5% p.a. of principal (1% for 1-month loans) charged at the end of the loan.

When a loan expires the borrower can:

  1. Return the funds by or before the due date to Silver Bullion.
  2. Roll-over the loan with another loan – to be set 1-week before expiry.
  3. A combination of the above.

When a loan expires the lender can:

  1. Return or utilize the funds.
  2. Roll-over the funds into another loan – to be set 1 week before expiry.
  3. A combination of the above.

Should a borrower not return funds on time:

Our “sweeper fund” will cover any payment shortfall ensuring that the lender will still obtain funds on time, a 1% late fee will be charged to the borrower for the shortfall.

Liquidation of Collateral Occurs When:

Should a borrower not return funds for a period of 1 month or should the value of the pledged collateral fall to 110% of collateral then the collateral will be liquidated to ensure the loan repayment.


IMPORTANT: We do not facilitate asset leasing as it can put your asset at risk, instead your property can only be used by you as collateral to obtain low interest loan from other clients.

Loan Duration and LTV Ratio

Loan Durations and Loan to Value Ratio
Metal Loan Duration LTV Ratio
Gold 1 mth 62.5%
6 mth
12 mth
24 mth
Silver,
Platinum,
Palladium,
Nickel & Cobalt
1 mth 62.5%
6 mth 50%
12 mth
24 mth

Latest Rates
For Loans Starting on 1 Mar 2024

Accepted Contracts
Terms
Volume /
Contracts
Last Rate Change
1 month EUR
2,418,000 /
197
4.75% p.a. -
1 month SGD
179,342,500 /
4,993
5.75% p.a. 0.75%
1 month USD
157,990,760 /
4,094
5.25% p.a. -2.50%
6 months EUR
1,759,000 /
96
5.50% p.a. -
6 months SGD
38,850,500 /
1,691
4.75% p.a. 0.25%
6 months USD
75,591,452 /
1,647
5.00% p.a. -0.50%
1 year EUR
2,824,500 /
115
6.00% p.a. -
1 year SGD
19,972,500 /
1,009
4.75% p.a. -0.75%
1 year USD
63,310,150 /
1,604
5.00% p.a. -
2 years EUR
3,727,000 /
109
6.00% p.a. -
2 years SGD
7,619,500 /
349
5.00% p.a. -1.25%
2 years USD
36,853,000 /
1,220
5.00% p.a. -0.25%
Summary of Active and Completed Contracts
Amount Lent Contracts Matched Late Payments

Cases where a lender payment was delayed.

Note: Should a borrower be late in repaying his/her debt, the Sweeper Fund will forward cash to ensure the lender is paid on time. The Sweeper Fund essentially acts as an additional buffer to help ensure timely payments.

Find out more about the Sweeper Fund.

Defaults

Cases where a lender did not receive payment back.

Note: Should a borrower be late in repaying his/her debt, the Sweeper Fund will forward cash to ensure the lender is paid on time. Essentially the Sweeper Fund will take on the bad debt to prevent delays or defaults. This provides times for the borrower to remedy the missed payment and, if need be, for the borrower collateral to be liquidated.

Find out more about the Sweeper Fund.

709,727,241 SGD 17,124 0 0

Latest 10 Contracts

Created On Payout On For Amount Duration At Rate
27 Feb 2024 1 Mar 2024 33,500 SGD 1 Month 5.75% p.a.
27 Feb 2024 1 Mar 2024 54,500 SGD 1 Month 5.00% p.a.
27 Feb 2024 1 Mar 2024 7,500 SGD 6 Months 4.75% p.a.
27 Feb 2024 1 Mar 2024 9,000 SGD 1 Month 4.75% p.a.
27 Feb 2024 1 Mar 2024 51,000 SGD 1 Month 6.25% p.a.
27 Feb 2024 1 Mar 2024 45,000 SGD 1 Month 5.50% p.a.
26 Feb 2024 1 Mar 2024 9,000 SGD 1 Month 4.75% p.a.
26 Feb 2024 1 Mar 2024 99,000 SGD 1 Month 5.75% p.a.
26 Feb 2024 1 Mar 2024 38,500 SGD 6 Months 4.50% p.a.
26 Feb 2024 1 Mar 2024 137,500 SGD 6 Months 7.25% p.a.
View all past contracts in PDF or Excel format.
Created On Payout On For Amount Duration At Rate
27 Feb 2024 1 Mar 2024 35,500 USD 1 Month 5.25% p.a.
26 Feb 2024 1 Mar 2024 239,000 USD 1 Month 7.75% p.a.
26 Feb 2024 1 Mar 2024 50,000 USD 1 Month 5.25% p.a.
26 Feb 2024 1 Mar 2024 143,500 USD 1 Month 5.50% p.a.
25 Feb 2024 1 Mar 2024 10,500 USD 6 Months 5.00% p.a.
24 Feb 2024 1 Mar 2024 28,000 USD 1 Month 7.00% p.a.
24 Feb 2024 1 Mar 2024 71,000 USD 1 Month 7.00% p.a.
23 Feb 2024 1 Mar 2024 16,500 USD 12 Months 5.00% p.a.
23 Feb 2024 1 Mar 2024 1,143,000 USD 1 Month 5.75% p.a.
23 Feb 2024 1 Mar 2024 102,000 USD 1 Month 6.25% p.a.
View all past contracts in PDF or Excel format.
Created On Payout On For Amount Duration At Rate
27 Feb 2024 1 Mar 2024 4,500 EUR 12 Months 6.00% p.a.
27 Feb 2024 1 Mar 2024 7,500 EUR 24 Months 6.00% p.a.
27 Feb 2024 1 Mar 2024 20,000 EUR 12 Months 6.00% p.a.
23 Feb 2024 1 Mar 2024 3,500 EUR 24 Months 6.00% p.a.
22 Feb 2024 1 Mar 2024 6,000 EUR 12 Months 6.00% p.a.
22 Feb 2024 1 Mar 2024 8,500 EUR 1 Month 4.75% p.a.
22 Feb 2024 1 Mar 2024 20,000 EUR 12 Months 6.00% p.a.
21 Feb 2024 22 Feb 2024 15,000 EUR 1 Month 4.75% p.a.
20 Feb 2024 22 Feb 2024 10,500 EUR 12 Months 6.00% p.a.
14 Feb 2024 15 Feb 2024 60,000 EUR 24 Months 6.25% p.a.
View all past contracts in PDF or Excel format.

How Do I Get Started

  1. Open a S.T.A.R. Storage account (open account). The account is free to open and does not require the purchase of bullion. Once approved you will have the ability lend or borrow.

  2. Log into your account and view the current lending offers and borrowing requests from where:

    To borrow either submit your own borrowing request or accept a lender's existing offer. You must have either purchased bullion through us or transferred your bullion to our vault to borrow.

    To lend either submit your own lending offer or accept a borrower's existing request. You must have SGD, USD or EUR funds in your P2P Loan Account (see wire instructions) to be a lender.

  3. When lenders and borrowers match, a loan contract is created whose payout will occur on the earliest 1st, 8th, 15th and 22nd of the month. The next payout / loan start is 1 Mar 2024. Contracts can be in SGD, USD or EUR and have durations of 1, 6, 12 or 24 months.

  4. On the loan start date, the custodian (Silver Bullion) forwards lender’s funds to the borrower and holds collateral. On loan maturity, funds are returned to custodian who then releases borrower collateral and returns funds to lender.

More information on the details page.

Find out more:

More details on Secured Peer-to-Peer Loans

For Borrowers

For Lenders

FAQ

P2P Funding Options and Start Dates

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