ALT LENDING
A lending program for trading cards.
Quickly borrow cash at great rates without selling your cards.
Apply for Alt advance
loan application Submitted.
We’ve received your application and our team will reach out to you via the email you provided.
Why choose Alt Lending?
Instant cash for collateralized cards
• Graded cards in the Alt vault only.
• $25,000 minimum loan size.
• No maximim.
Unlimited borrowing
• As much as you need up to 40% of your portfolio value.
Sell on Alt
• Option to sell your cards to put towards your loan with zero prepayment fees.
How it works
1. Sign in
Sign into your Alt account
2. SELECT YOUR
CARDS
Choose the graded cards you want to borrow against and add them to your portfolio (cards must be sent to the vault to officially generate a loan).
3. View Loan amount
Within 24 hours, your portfolio will show you how much you can borrow.
4. Apply
Click apply, receive your terms via email from our lending team, and sign.
5. Get cash
Get instant cash to use however you’d like!
Alt Lending is currently only available to customers with a US social security number and valid address located in select states. Please view our Alt Lending FAQ page or contact lending@alt.xyz if you have any questions.
Security of your cards
All cards sent to the Alt Vault are safely stored and insured to their Alt Value. Each card is professionally photographed, giving you high-quality photos for your portfolio, and sharing with your network.
FAQs
Why would I want a loan against my cards?
If it isn’t the right time to sell your cards, you can allow them to appreciate while getting money to spend on other parts of your life. You can use the cash to fix up your house, pay for a wedding, baby proof your apartment, or simply buy more cards.
How much can I expect?
Alt Lending may offer up to 40% of your portfolio value. The final amount offered will depend on the diversity of your card portfolio. For example, a portfolio with 100 cards will get a higher advance rate than a portfolio with one card.
What is the minimum and maximum loan size?
There is minimum loan size of $25,000. For loans larger than $2 million, please reach out to your Account Manager or support@alt.xyz for more information.
What is needed in order to begin the loan process?
All customers must provide their US Social Security Number and home address. At this time, we do not originate loans outside of the United States.
What cards do you accept for loans?
We can only consider cards if they are graded by PSA or BGS, or graded by SGC if they are pre-1980 and valued over $10,000. Cards must have a minimum of $500 based on Alt Value, and not be damaged in any way.
What are the terms / costs associated?
Alt Lending offers two rate options: Adjustable - an annual interest rate minimum of 9-10% plus an adjustable component that moves up and down with the one month Secured Overnight Financing Rate (SOFR) or Fixed - an annual fixed interest rate. Please reach out to lending@alt.xyz for current fixed rates.
Alt charges a 1% origination fee based on the loan amount extended. No fees are imposed if you partially or fully repay your loan early.
Apply for Alt Lending
“Alt Lending helped me to secure a dream card and made my cash flow better. The process is very straightforward and fast, and my rep at Alt is very helpful and responsive. It’s also flexible in that you can pay back early or sell cards within the portfolio as long as the associated loan portion is covered. It’s a convenient utility provided by Alt platform, and if used responsibly, it allows you to unlock many potential opportunities within the hobby.”