Liquidating your investment assets such as shares, unit trusts, bonds, and other listed products may compromise your long-term financial planning.
You may choose to encash your investment value via our services.
This may be a better choice to preserve your assets while meeting your short-term cash flow requirements.
Securities backed financing can be approved against a variety of assets. You can obtain financing against your assets up to a certain percentage of their market value. The applicable loan to value (“LTV”) ratio will depend on the assets grading, quality, volatility and liquidity. The LTV ratio we offer is up to 70% of the assets' market value.
E.g. The market value of share A share is SGD1,000. Financing of up to SGD700 will be offered.
The typical acceptable type of collateral:
Benefits of securities backed financing include:
We offer two types of loans structure, term loan and revolving loan.
|Revolving Loan||Term Loan|
|Monthly payment of Principal + Interest [P+I]||Monthly instalment of only Interest [I only]|
|Fixed monthly repayment schedule||Flexible repayment on Principal. Repay Principal latest by loan due date|
|Lower interest charges as interest is charged on a reducing balance basis||Does not allow the withdrawal of the Principal if prepayment is done|
|Structure similar to HDB loan, Motor loan||Structure similar to overdraft facility or credit card loan|
|Suitable for individuals who want a fixed payment schedule||Suitable for people who need the funds throughout the loan period.|
Please select “UEN” in your paynow payment option, UEN number: 198305883C. The payee display name is PHILLIP CREDIT P L-L M
Please see the bank details as below,
|Bank Name||:||Standard Chartered Bank|
|Branch Name||:||Standard Chartered Bank (Singapore) Limited|
|Branch Address||:||6 Battery Road|
|Account Name||:||Phillip Credit Pte Ltd|
|Bank Account Type||:||Current|