All loan fees are paid by the borrower and debited from the borrower's account on the Interest Payment Dates.
The Loan Servicing Fee consists of:
|USD||Up to 150,000||From 150,001 to 350,000||From 350,001|
|EUR||Up to 125,000||From 125,001 to 300,000||From 300,001|
|GBP||Up to 100,000||From 100,001 to 250,000||From 250,001|
|CAD||Up to 200,000||From 200,001 to 450,000||From 450,001|
|CHF||Up to 150,000||From 150,001 to 350,000||From 350,001|
For Loan Renewals, the Loan Servicing Fee applies minus 20%. The maximum renewal term is 60 months; the minimum is 3 months.
All or part of a loan can be repaid before maturity; multiple partial repayments are possible if made in different interest payment months. A prepayment fee is payable, which is, for partial prepayments, the total unpaid Loan Servicing Fee for the prepaid loan amount and remaining loan term. For full prepayments, the fee consists of the total unpaid Loan Servicing Fee for the remaining loan term. The prepayment fee is deducted from the borrower's account when the prepayment is processed.
*approximation as the exact amount depends on number of days in the month
A storage fee applies for the metal you hold in Approved Vaults. The fee is payable in currency and is deducted monthly in arrears or on the day metal is transferred out of Goldmoney Lend & Borrow. The fee is calculated daily at the following annual rates:
|Vault||Fee p. a.|
|Vault||Fee p. a.|
|1 – 49,999 oz||Over 50,000 oz|
The LBMA Gold Price* and LBMA Silver Price* as reported on the last business day of the calendar month on the LBMA's website are used to calculate the monthly fee.
All metal owned by customers of Goldmoney Lend & Borrow is safely stored in specialised bullion vaults and insured for loss arising from theft and other commercial risks. The cost of insurance is paid by Goldmoney Lend & Borrow.
*The terms LBMA Gold Price and LBMA Silver Price are the property of the London Bullion Market Association.
**Inclusive of UK VAT (Value-Added Tax).
The following fee is charged when selling precious metal, calculated as a percent of the currency amount received.
The minimum fee per transaction is £100 (or currency equivalent).
Foreign exchange transactions are executed by the bank at which your funds are held. Goldmoney Lend & Borrow charges a fee of 0.30% of the currency amount received after the bank has deducted its own foreign exchange fees up to a maximum of £750 (or currency equivalent).
The fees for funds transferred to a Nominated Bank Account are confirmed below. Any bank charges incurred for funds transferred to Goldmoney Lend & Borrow are to be paid by the customer who initiated the transfer.