Owners of rare, investment-worthy antiques can expect to get a decent return on their investment over the long term.
That said, there is a second, equally important role vintage furniture, collectible coins and fine china can play. They can secure short-term borrowed capital.
LoanAgainst offers instant cash loans against antiques in Durban and other high-worth moveable assets elsewhere in South Africa.
How a loan against an antique works
Getting a loan against an antique is similar to pawning an item. An antique or collectible is handed over as collateral.
Funds, matching a percentage of the appraised value of the piece, are dispensed in the form of a short-term loan.
A repayment timeline is agreed upon. When it has been met, the antique is returned to the owner.
If the loan agreement is not honoured, the ownership of the antique passes to the finance provider and sold to recoup the losses.
Why consider a loan against an antique
The long-term gains typically generated by a desirable antique may be attractive, but recouping them involves selling the piece.
Using silverware, old maps, rare books or vintage decorative items as loan collateral doesn’t. It merely unlocks access to ready cash when required.
Confidentiality and discretion are at the heart of a secured loan. Credit agencies are not informed of the transaction, which has no effect on your credit rating.
Getting a loan against an antique in Durban is quick and easy – even for the unemployed or credit impaired.
Loan approval is based solely on the quality, condition and current resale value of the item used as collateral. Payslips and bank statements are not required.
The only paperwork that’s required is a valid ID, proof of residence and, where possible, documents proving legal ownership of the antique.
How and where to get a loan against an antique in Durban
LoanAgainst is an online loan provider with call centre back-up. Requests for short-term funding can be made instantaneously via an online application form.
Alternatively, applicants can contact the centralised call centre on 067 115 3453.
The initial step involves telling us about the antique, either online or over the phone. A consultant follows up with an estimate of the available loan amount.
The antique is appraised at the LoanAgainst Durban office and a contract is drawn up and signed. The antique is handed over and the funds are transferred.
Why use LoanAgainst as an asset-based loan provider?
There are a number of advantages of using LoanAgainst to secure an asset-based loan, including:
- 24-hour turnaround
- minimal paperwork
- competitive interest rates
- physical branches in four South African cities
- insured and securely stored collateral.
LoanAgainst is a division of a registered finance provider. We offer loans against antiques, jewellery, luxury watches, fine art and vehicles, up to R5 million. Contact us for information or simply complete and submit our online loan application.
