How to get a loan against your gold
VoimaCredit™ is an easy and secure way to get a loan against your physical gold. Getting started is simple and involves just a few steps:
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1. Open a Voima account (Voima Account)
A Voima Account is required to be eligible for a loan. Verify and activate your account — this usually takes only a few minutes.
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2. Deposit gold to Voima
You can deposit gold to your Voima Account either by buying gold through Voima or by transferring gold you already own into Voima custody.
- Buy gold through Voima
- Transfer gold you already own into Voima custody
- The gold serves as collateral for your loan.
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3. Submit a VoimaCredit™ loan application
When your account holds enough gold as collateral, you can submit a loan application directly in the Voima service.
- desired loan amount
- loan duration
- fixed annual interest rate 4.9%
- The loan is granted subject to availability once the application has been approved.
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4. Receive funds immediately into your Voima Account
After approval, the loan is credited directly to your Voima Account. Interest starts accruing only once the loan has been paid out to your account.
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5. Repay the loan at any time
You can repay the loan at any time without any additional fees. The loan is generally repaid in full in a single payment. Repayment frees the corresponding amount of gold back for your use.
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6. What happens if the gold price falls?
If the value of the gold used as collateral decreases significantly in relation to the loan, Voima will contact the customer to assess the situation.
If necessary, the collateral position may be rebalanced by selling a portion of the gold to cover the loan.
