Original paintings, etchings, prints and sculptures are a source of short-term funding from LoanAgainst.
We offer instant cash loans, based on the appraised value of artwork. No credit checks or affordability evaluations are required.
Using a work of art as security for a loan is a quick and convenient way to deal with liquidity issues in Cape Town, and elsewhere in South Africa.
How a loan against artwork works
The asset-based lending process is simple.
Funds are released against a saleable asset, which is retained by the finance provider as collateral.
The available capital is determined by an in-house appraisal of the asset, which, in this case, is a fine work of art.
Factors, such as the condition, rarity, medium, artist, and current demand for similar artworks at auction and galleries, are taken into account when determining value.
Once the loan is repaid, the artwork is returned.
Why consider a loan against artwork
A loan against artwork is based on the secured funding model.
There are no arduous qualifying criteria to satisfy. Financials and proof of income are not required to support the loan application.
The transaction is completely confidential. It has no effect on your credit score, nor the ability to borrow money again in the future.
Funds are available within 24 hours – not weeks or months, as is often the case with traditional finance providers.
This type of loan is unrestricted. Borrowed funds can be used for any purpose.
Where to get a loan against artwork in Cape Town
LoanAgainst offers short-term loans against artwork and other assets, including antiques, jewellery, watches and vehicles.
In addition to our offices in Cape Town, Brackenfell and Heathfield, we have branches in Johannesburg, Durban and Gqeberha (PE).
As the online platform of a trusted and well-established finance provided that’s registered with the NCR, high-value security assets are safe with us.
Our fees and interest rates are competitive. Our terms are flexible and transparent.
The LoanAgainst asset-based lending process
To borrow money through LoanAgainst, simply complete our online application form. A consultant will respond immediately with an initial loan proposal.
If the applicant wishes to proceed, an appointment is set up at one of three LoanAgainst Cape Town branches.
The artwork is physically appraised, and a firm offer of funding is relayed to the applicant, face-to-face.
A loan agreement, structured around individual requirements, is drawn up and signed.
The artwork is released to us. While in our care, it’s insured and safely stored in a secure offsite vault.
The funds are electronically transferred into the applicant’s bank account on the same day.
How much can you borrow against artwork?
Loan amounts correspond to the appraised value of the artwork. Works by well-known artists can unlock short-term funding of R350,000 and more.
Why use LoanAgainst Cape Town as a short-term finance provider?
The advantages of getting a loan against artwork in Cape Town from LoanAgainst include:
- quick and confidential access to funds
- easy online application process
- flexible repayment terms
- affordable
- no early settlement fees
- safe and discreet
- branches in major South African cities.
If you’re looking for a market-related loan against a luxury asset, call us on 079 726 4690 or simply submit our online application form.
