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How do I apply for a loan?
How do I apply for a loan?
Updated over a year ago

Step 1

On the dashboard, click on the "Loan Request" button.

Step 2

Fill up the amount of gold and silver that you would like to collateralize.

Note: Your gold or silver holdings must be sufficient to take a minimum loan amount of USD 250,000.00. Loan to Value (LTV) is 60% for gold and 50% for silver.

Step 3

Click “Get a quote”. The quote will be based on the current value of the precious metals you have indicated.

Step 4

If approved, you will receive the agreement from the lending partners via email. If agreed between both parties, the precious metals amount will be collateralized, and the loan value will be credited into your cash balance account.

Note:

  • SGPMX only facilitates the movement of the funds and precious metals between users and lending partners. Your collateralized bullion doesn’t leave the SGPMX ecosystem.

  • The loan tenure will be on a 12-month basis. We will contact you regarding the loan settlement.

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