Against Diamond
Introduction to the Diamond Loan Program by Emporio Business Bank: Emporio Business Bank introduces an exclusive diamond loan program tailored for clients worldwide, offering a unique blend of security and liquidity. This program allows individuals to leverage their diamond 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 diamond 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 60% of the market value of the total diamond stored in the vault (either private or banking) in UAE.
How the Diamond Loan Program Works
Clients can securely store their diamond assets in designated facilities worldwide, including in dedicated Emporio Business Bank in UAE. Upon enrollment, Emporio Business Bank extends a line of credit of up to 60% of the market value of the diamonds hold by the clients. If the loan value exceeds 70% of the diamonds’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 diamond assets, and not acting through Power of Attorney (POA) Additionally, the diamond 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 Diamond Loan Program
The program boasts minimal associated risks due to the secure storage of diamond 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 60% of the diamond’s value. Clients opting for long-term storage and credit lines exceeding 50% of the diamond’s market value enjoy waived storage costs.