Different people have different needs; some might have a small appetite, while others might be the direct opposite. Especially when it comes to getting loans and cash flow management, the amount can vary from S$100 to S$100,000; tenures can range from one month to 1 year or even longer. Curious about what we have encountered before? Allow us to share how we worked out a solution for our clients, Cayden and Diana (Fictitious names created for privacy).
Cayden’s parents have been investing in precious metals for some time and will bring him along during their visits to GSC. He learnt about the GSC Collateral Loan program from one such visit. On one occasion, he needed S$100 urgently to buy his girlfriend a gift on her birthday but he can only get his pocket money 10 days later. As an 18 years old student without a supplementary credit card, he decided to bring the silver coins he received yearly from his parents as a birthday gift to pledge for instant cash. The Silver coins he owned could actually get S$400 loan but he only took the amount he needed, which is S$100. After he got his pocket money, he came to pay the interest of S$1.50 and the loan amount S$100 for redeeming his silver coins. It’s fast, easy and affordable; all done without the need to trouble others including his parents.
On the other hand, 46 years old Diana has a very different profile. She’s running her own business importing various goods from India. To pay off a batch of imported goods worth S$100,000 before incoming funds from her client is received in 2 weeks, she needs a one-month short term loan and needs to get funds fast. She browsed through the available options, keeping in mind the amount she needed and the short loan tenure; she decided to pledge her 2kg Gold bars with GSC under the Collateral Loan program. After she gets the funds cleared from her client, she pays back the loan amount plus 1% interest within one month.
Want to know how Cayden and Diana did it? Feel free to browse our website and articles on our GSC Collateral Loan program. Don’t be shy, go ahead and contact us if you have further queries and our friendly sales team will be more than happy to assist. Alternatively, you can click here to leave your name and contact number and we will get back to you within one business day.
Disclaimer: These are sharing from our happy clients on how the collateral program assisted them to achieve their goals, but this is by no means an endorsement or investment advice and may not apply to every situation or to your own personal circumstances. Information shared here are of general nature and should not be regarded as a substitute for seeking professional and/or legal advice on any specific issues.
Maya