Every loan is different, just like every alternative asset. Generally, we offer loans of between 40% and 70% of the current market value (independently-assessed for non market-traded assets) of your approved and authenticated assets. We regularly offer loans from $20,000 to $250,000, with applications for larger amounts considered on a case-by-case basis.

MyAssetPay offers you the opportunity to withdraw your loan as cash to your nominated bank account to be used for any purpose. MyAssetPay also allows you to settle an approved Purchase/Invoice with an approved merchant to leverage your asset holdings (whereby the asset acquired provides additional loan collateral and borrowing power).

MyAssetPay currently accepts authenticated assets in the form of fine wine collections and bullion. Additional asset classes will continually be added. MyAssetPay may consider offering loans on other forms of storable assets on a case-by-case basis. Please contact us if you would like to discuss other forms of collateral.

MyAssetPay’s charges are simple-interest loans, generally offered at between 1.5% and 3% per month. Larger loans and longer terms may attract lower charges. MyAssetPay’s interest fees differ from many other forms of funding (such as credit cards) in that interest charges do not compound. This can make MyAssetPay’s charges very competitive when compared to traditional lenders. All fees and charges are agreed upfront and there are no hidden costs.

If you have difficulty repaying your loan within the agreed term, MyAssetPay will endeavour to work with you to negotiate a plan to allow you to repay the loan and get your assets back. There may be additional charges for an extension of your loan. In the event that the loan repayments cannot be met, MyAssetPay will simply sell the asset to meet the loan agreement.

Once you have established your MyAssetPay Account your approved assets are independently authenticated and where necessary they are also independently valued. As soon as your assets are secured and all the paperwork is in place it takes 3 to 10 business days to settle your loan.

For market-traded assets such as gold, silver, Bitcoin, etc the price & value is readily available and updated. For non market-traded assets such as wine, art, etc, your asset will be valued by our trusted independent custodian.

Your assets will be stored with an accredited and trusted asset storage specialist. MyAssetPay is able to offer loans once your assets are safely in the possession of a custodian.

Your assets will be stored with an accredited and trusted custodian. Each custodian offers the highest level of security and care for your specific class of asset. For more information about specific custodians please contact us.

MyAssetPay loans are generally offered for between two to six months. Towards the end of your loan term, and if you require, MyAssetPay may be able to provide you with a new loan term if you pay the charges of the initial loan.

Currently MyAssetPay operates in Victoria, Australia. If your stored asset is in another state of Australia, we may still be able to offer you a loan in certain circumstances. We plan to offer loans against assets stored in other states in the near future.

MyAssetPay’s lending operations are licensed and strictly regulated by Consumer Affairs Victoria.

MyAssetPay was founded by collectors for collectors. Non-traditional assets are often the best-performing, and the most satisfying investments. Our mission is to bring liquidity to assets that traditional lenders don’t properly value.

MyAssetPay custodians are an integral part of our service to our customers. Our custodians offer the very highest levels of security, care, and discretion. To enquire about becoming a trusted custodian, please contact us.