Numismatic Loan Program for NGC Members
Numismatic Guaranty Company (NGC) has partnered with Collateral Finance Corporation (CFC) to offer NGC members the opportunity to apply for a commercial loan at a special rate using their NGC-graded…
Numismatic Guaranty Company (NGC) has partnered with Collateral Finance Corporation (CFC) to offer NGC members the opportunity to apply for a commercial loan at a special rate using their NGC-graded coins as collateral. NGC members can apply for a numismatic-backed loan, which offers cash liquidity without having to sell assets. To mark the new partnership, CFC is offering a special introductory rate for new clients who apply at NGCloan.com.
For a limited time, new clients can take advantage of CFC’s offer of an introductory rate of 8.75% (APR). CFC’s typical new loan rate is approximately 9.75%. A standard charge of 0.5% (APR based on asset value) applies for insurance and designated storage. Additionally, the introductory rate is fixed for the borrower’s initial 180-day term. Then, it is subject to change upon renewal, which technically represents the issuance of a new loan.
CFC numismatic loans do not have origination, pre-payment or other fees except those associated with materials processing and late payments. Loans can be paid off at any time without incurring extra fees.
The minimum loan amount is $25,000 (based on the typical Loan-To-Value Ratio of 65%), which means that a borrower will need to have approximately $40,000 of NGC-graded coin collateral. The maximum loan amount is $5 million. NGC says borrowers can expect a quick and easy loan application process, with no credit checks. In most cases, funds will be made available within 10 or fewer business days, according to the firm
Terms and conditions apply. For further information on the NGC and CFC partnership or to apply online, visit cfcgoldloans.com, call CFC at (855) NGC-4424 or email CFC at Info@NGCloan.com.