If you’re considering a home equity line of credit, HELOC, we can do you one better. Meet the GELOC, Gold Equity Line of Credit. At Qollateral, we provide a revolving equity line of credit on gold, including gold jewelry, watches, bullion, and coins. We call it GELOC, and it’s similar to a collateral loan against gold, but instead of one same-day cash payment, you can access same-day cash payments up to the total value of your gold over an extended period of time. Let’s dive right into what exactly a gold equity line of credit is and what its many benefits are.
What Is A GELOC?
GELOC is Qollateral’s coined term for a gold equity line of credit. It’s an open line of credit that allows you to obtain cash funds on an ongoing basis up to the total estimated value of your gold assets. It’s as simple and quick as a collateral loan, but it’s longer-term, and you can borrow as much or as little cash as you need against your gold assets, whenever you need it. It is the ultimate capital safety net.
For the length of your GELOC, your gold assets will be waiting for you in one of our ultra-secure vaults. It’s an excellent way to take advantage of your gold assets.
Why Consider A Gold Equity Line Of Credit?
There are many reasons you would want to consider a gold equity line of credit.
Many of us have gold assets already that are not serving us on a daily basis, such as old gold jewelry. Instead of keeping your gold stored at home, we’ll keep it stored in one of our state-of-the-art vaults. Most likely, they’ll be safer there, and they’ll be put to good use. It’s much more desirable to use these gold assets for a revolving line of credit than your home or a credit card cash advance if you think you’ll need a cash flow solution that will last for a few years. It’s not as risky, and it’s a lot faster.
Fast, No-Credit-Check Access to Cash
For one, a GELOC does not require a credit check. Like a collateral loan, your GELOC amount is based solely on the value of your gold, not your credit. There’s also far less paperwork than a HELOC. Setting up a gold equity line at Qollateral is quick and simple. Book an appraisal, sign the clear contract, and access your cash whenever you need it.
Right now is an ideal time to borrow against your gold, with prices at a record high of $2,000 per ounce. Gold values fluctuate constantly, making this a smart moment to sell or borrow (learn more about that here). Many clients are surprised by how much their gold is worth once it’s evaluated.
At Qollateral, we have the highest loan value in the industry for borrowing against gold. We recommend booking an appointment to come in for a no-pressure appraisal to get an idea of what your gold assets are worth. We buy and loan against gold coins, bullion, jewelry, and watches. To get an idea of what assets we most frequently buy or loan against, visit the Assets we accept page of our website.
