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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…
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