Knox Precious Metals Credit Provider
- Fast access to funds
Funds may be released within an hour after you accept the offer, subject to completed verification, signed documentation and bank processing times.
- Retain ownership
Access funding without selling your asset. Your asset remains in our custody as security until the loan is fully repaid. Failure to repay may result in the asset being sold in accordance with the loan agreement and applicable law.
- Secure custody
Your collateral remains securely held in Knox’s vault throughout the loan period. Details of applicable insurance cover are available on request.
- Up to 75% LTV
Borrow up to 75% of your asset’s appraised market value, depending on the asset type, condition and valuation, and subject to approval.
- Access liquidity without selling your assets
Knox offers asset-based loans secured against qualifying gold and silver bullion, precious-metal jewellery and high-end watches. Your assets are professionally verified in a secure, private environment. Valuations take account of each asset’s type, condition, characteristics and current market value.
- Rates and repayment terms
Knox’s first-loan rate is 5% per month. Once your first loan is fully repaid, Knox offers 3% per month on your second loan. These rates apply only where permitted for the applicable credit agreement.
Repayment periods range from 3 to 24 months, depending on the product and approval. Your quotation will confirm the applicable rate, fees, repayment dates and total repayment amount.
Loan Illustration
For gold appraised at R50,000, borrowing at up to 75% loan-to-value gives you a loan of R37,500 over 3 months.
| Loan detail | Amount |
|---|---|
| Appraised value of gold | R50,000 |
| Loan-to-value | 75% |
| Loan amount | R37,500 |
| Repayment period | 3 months |
| Illustrative first-loan interest rate | 5% per month |
| Monthly interest | R1,875 |
| Total interest over 3 months | R5,625 |
| Initiation fee | R1,000 |
| Monthly service fee | R60 |
| Total service fees over 3 months | R180 |
| Total cost of credit | R6,805 |
| Total repayment including the loan amount | R44,305 |
This is an illustrative calculation, not a quotation. Fixed annual percentage rates (APR) range from 36% to 60%, with repayment terms from 3 to 24 months, subject to approval and the applicable loan agreement. EO&E
