Silver Bullion Pte. Ltd. welcomes its newest addition to its Secured Peer-to-Peer (P2P) Loans platform. In collaboration with The Xcess, it has announced it has listed luxury watches as a collateral option, empowering watch enthusiasts to borrow against their luxury timepieces securely and affordably, at interest rates as low as 0.33% per month.
Peer-to-peer (P2P) lending is a form of financial technology that enables individuals to obtain loans directly from other individuals, cutting out the financial institution as the middleman.
Not only does the Secured P2P Loans platform unlock more liquidity for luxury watch owners, but individual lenders on the platform gain another opportunity to earn interest on their idle cash balances.
Gregor Gregersen founded Silver Bullion in 2009 in the city-state to leverage Singapore's brilliant jurisdictional protections. Since then, it has expanded its offering to include state-of-the-art storage facilities, reliable bullion testing, optimal insurance, deep buy/sell liquidity, collateralization, and digitization, all in efforts to protect its users against counterparty, currency, and jurisdictional risks.
Silver Bullion has been committed to listening to its customers' needs and evolving as they change. In 2015, the company launched its Secured P2P Loans platform as an extension of this commitment, providing its users with access to capital and income. Since then, the product has grown rapidly due to its low cost and ease of use compared to traditional loans.
Silver Bullion strictly provides the infrastructure, custody services, management and platform to allow loan contracts to be entered into between lenders and borrowers based on their agreed terms. The company then collects and disburses funds between the parties and locks the borrower's assets as collateral, all without the need for a credit check.
One of the highlights of Secured P2P Loans is that it allows borrowers and lenders to set their preferred interest rates, currencies, and duration. Once one party has set these parameters, the other party can accept the terms and conditions, and as a result, a contract is created. Historically, a majority of loan requests have been accepted at the user proposed rates.
Unlike other P2P lending platforms, Silver Bullion's P2P loans commence with as much as 200% backing from the borrower's assets stored in Silver Bullion's secure vault, The Safe House, therefore significantly minimizing the risk exposure of lenders.
On Silver Bullion's website, users can find the latest interest rates on different assets, the S.T.A.R storage account application, and procedures on entering into a Secure P2P Loan. To learn more about these loans and other offers at Silver Bullion, one can visit https://www.silverbullion.com.sg/Loans.
About Silver Bullion Pte. Ltd.
Established in 2009, Silver Bullion Pte Ltd offers advanced systemic wealth protection solutions within exclusive Singapore jurisdiction. Silver Bullion Pte Ltd procures, authenticates, stores and buys back physical investment grade precious metals, which are then stored at The Safe House, a world class vault in Singapore.
The company is also building the world's highest capacity vault, The Reserve, located near Changi Airport in Singapore, boasting over 15,500 tonnes of secure storage capacity, state-of-the-art storage facilities, reliable bullion testing, optimal insurance, deep buy/sell liquidity, collateralization and digitization.
Silver Bullion Pte. Ltd.
Address: 9 Raffles Boulevard #01-108, Millenia Walk, Singapore 039596
Phone: +65 6100 3040
This is not an endorsement or recommendation. All investments carry significant risk and all investment decisions of an individual remain the specific responsibility of that individual. There is no guarantee that it will result in profits or that it will not result in a full loss or losses All investors are advised to fully understand all risks associated with any kind of investing they choose to do.
There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.
This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
Original Source of the original story >> Silver Bullion Launches P2P Loans For Luxury Watches