Against Gold
Introduction to the Gold Loan Program by Emporio Business Bank, Emporio Business Bank introduces an exclusive gold loan program tailored for clients worldwide, offering a unique blend of security and liquidity. This program allows individuals to leverage their gold assets for financial growth and stability, with the added benefit of storing their assets in designated facilities, including renowned UAE banks. The program ensures the safety of your gold by allowing you to store it in a secure facility in UAE, the global center for banking and finance, where it will be safely located in a vault. Once part of the program, Emporio Business Bank extends a line of credit for up to 75% of the market value of the total gold stored in the vault (either private or banking) in UAE.
How the Gold Loan Program Works
Clients can securely store their gold assets in designated facilities in dedicated Emporio Business Bank in UAE. Upon enrollment, Emporio Business Bank extends a line of credit of up to 75% of the market value of the gold hold by the client. If the loan value exceeds 85% of the gold’s market value, a recalibration is triggered based on market fluctuations, if any.
Eligibility & Participation in the Program
Participation in the program mandates that individuals must be the beneficial owner of the gold assets, and not acting through Power of Attorney (POA) Additionally, the gold submitted for participation in the program must be approved and verified by a delegation of Emporio Business Bank in UAE. For those without an existing account with Emporio Business Bank, opening one is a seamless process facilitated by the bank’s dedicated customer service team.
Costs & Benefits of the Gold Loan Program
The program boasts minimal associated risks due to the secure storage of gold in designated facilities at renowned Emporio Business Banks in the UAE. Emporio Business Bank offers competitive annual interest rates for a line of credit at 75% of the gold’s value. Clients opting for long-term storage and credit lines exceeding 50% of the diamond’s market value enjoy waived storage costs.