|1 Oct 2023
|EUR 1 month||4.75% p.a.|
|SGD 1 month||4.75% p.a.|
|USD 1 month||4.75% p.a.|
|EUR 6 months||6.00% p.a.|
|SGD 6 months||5.50% p.a.|
|USD 6 months||5.25% p.a.|
|EUR 1 year||7.25% p.a.|
|SGD 1 year||4.75% p.a.|
|USD 1 year||5.00% p.a.|
|EUR 2 years|
|SGD 2 years||7.00% p.a.|
|USD 2 years||5.75% p.a.|
|1 Oct contract bidding closes in 4 days 5 hours|
Unlock liquidity when you need it and on the terms you want, while maintaining ownership of your metal.
As a storage customer owning metal parcels, you can:
- Use your metal 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 metal
When you agree on terms with a lender a contract is created and a lien is placed on the metal parcels you choose to use as collateral. When your repay the loan the lien is removed. Your ownership of the metal never changes. We only charge a 0.5% administrative fee.
Transferred-in metal can also be used as collateral, so if you store metal 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 Oct 2023.
Popular Borrower Uses
You might not need funds now, but it is good to know that your metal enables you to have quick, low cost, access to cash if needed.
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.
Purchase Additional Metal
You can now pay for metal 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 metal payment.
How to Borrow
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 metal 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% of the outstanding amount. Please note that eventual bank wire fees from or to your linked bank account will debited to your P2P account.