How It Works

Our process is easy, fast and 100% private.
It is designed to get you the maximum
value in the minimum time.

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  For Loans

1

You Apply,
We Appraise

You apply online or by phone and then after a consultation send us or drop off your asset for valuation (shipping is free and fully insured). We complete the valuation and assuming your asset qualifies, we send you the loan offer details.

2

You Accept,
We Wire

Once you accept our offer and we have possession of the asset, we wire the funds immediately, right to your bank account.

3

You Pay Back,
We Return Asset

Once you pay back the loan and any unpaid interest that accrued, we safely return your asset in the same or even better condition than before.

 
 

Frequently Asked Questions

So tell me what kind of assets you're willing to lend against? Is it just super high-end items like a Picasso or a Porsche?

Absolutely not. And the range is vast, including:

Most kinds of jewelry, including rings, bracelets, necklaces and earrings containing gold, platinum, diamonds. If you have a tiara or a lorgnette or a chatelaine, we're good with that, too.

Precious gem stones – that means diamonds, emeralds, rubies and sapphires. Semi-precious stones, too.

Luxury watches – modern and vintage - including Rolex, Cartier, Breitling, Audemars Piguet and Tag Heuer.

Luxury handbags – we currently only lend on Hermès & Chanel handbags to be specific.

All kinds of fine art, which includes paintings, photography, sculpture, lithography, and drawings. If Sotheby's and Christies sell it, we'll lend against it. And if they don't, we might lend against it anyway. Ask us.

Most types of antiques including furniture from the 18th century through the 20th century; pottery and porcelain; scientific instruments; stamps; arms and armor; and a broad range of collectibles and decorative arts.

Prestige and classic cars

Prestige and classic cars including Ferrari, Aston Martin, Range Rover, Bentley, and Tesla. Of course, we hold the car during the period of the loan so you will not be able to drive it, other than vicariously.

Fine wine collections

We lend against collections of fine wine, and we store your Rothschilds with respect, in cellars that are climate and humidity controlled.

Moon rock? Private jet? Negatives of 1920s movies? Unusual items aren't all that unusual for us. Let us know what you have and we'll see what we can arrange.

How much can I borrow?

We lend up to $2,000,000. Our maximum loan-to-value is 70% of our estimate of the market value of your asset, and depending on the asset can be as low as 30%.

Who will appraise my assets and determine how much I can borrow?

At Borro we've "collected" some of the best appraisers in the world; they've come to us from places like Sotheby's, Christies and Phillips, as well as from museums and private collections. Their walls are filled with framed diplomas and certificates from the American Association of Appraisers, Gemological Institute of America, The Royal Institute of Chartered Surveyors, Gemological Association of Great Britain, The Goldsmiths' Company.

Because of their insight and knowledge, they are able to offer you the best possible loan value.

What exactly do you mean when you say that your loans are based on "market value"?

Not all costs are created equal. When you buy a piece of jewelry at Tiffany, or a car from BMW, you're paying the retail price. If you decide to sell the ring or the car today, you'll get the market value not the "replacement value." The difference is what's called "depreciation" – and it covers the mark-up the dealer, their rent and overhead, the nice latte they give you. The relationship between market value and the retail cost varies by item; in the case of jewelry, figure that anywhere from 30% to 60% of the retail price walks out the door with you.

How much interest will I pay?

We thought you'd want to know. Our interest rate varies between a flat rate of 2.99% and 3.99% per month. The difference is based on the asset and the value of the loan. The bigger the loan, typically, the lower the rate.

We know you'll want to make sure your assets are stored insured properly while they are with us so there is also charge to cover transportation to specialist storage, insurance and storage for the term of your loan. It is applied when you accept the loan and range from 3% to 5%, depending on the value of the asset.

We also reward loyalty; three months after your first loan, you qualify for our repeat customer discount, which means the set-up fee is reduced to 2% - 4% for each subsequent loan.

Is there a maximum or minimum loan period?

Our loans are six months in duration, but we do 9 and 12 months if needed. Either way, you can always pay it early with no penalty. Once your payment has cleared, we'll safely ship your asset back (sometimes, depending on where it's stored, you can also pick it up yourself.) You only have to repay the loan amount plus the interest due at the time you redeem your loan.

Can I extend my loan?

Yes, you can apply for an extension to your loan. If we approve it, you will need to repay any unpaid interest that's due at the time of the extension as well as a set-up charge. We will then create a new agreement for the amount that you are borrowing.

Can I change my mind?

Up until you sign for the loan you have total flexibility. Here's how it works. Once we have your asset in hand – whether it's shipped or you drop it off – we will appraise it and tell you how much we're willing to lend. We'll also provide you with the full details of the loan – terms, conditions, rates, you name it. Then it's up to you. If you agree to go ahead, you will be issued with a credit agreement which, once accepted, becomes binding.

When and how will I receive my cash?

Faster than you might think. Once we have the item, have valued it, and you approve the loan offer, we can provide your funds straight away. We typically pay by bank wire into your bank account, but for smaller amounts we may be able to provide a check or even cash.

How do I pay off my loan?

We try to make it as convenient as possible for you to make your regular payments. So we accept Wire Transfer (Bank), Cash Deposit, Checks and Debit card. Of course, some methods are faster than others at clearing our bank than others, so you'll want to understand the timing of how you've opted to pay, to make sure your account is timely.

Does Borro conduct credit checks?

Borro does not conduct credit checks when making decisions on whether to offer you a loan. We may run an ID check that looks at public and credit agency data, but this is NOT a credit check and does not affect your credit rating.

How will I get my assets to you for appraisal?

It couldn't be simpler.

For watches, jewelry, gold, fine art and antiques, you can get your items safely and securely to us by using our free and insured courier options or meeting with one of our experts at our valuation center in New York, NY. For high-end assets, we have a team of expert appraisers who will meet you to appraise your item on location.

And your cars? We will arrange the collection of your vehicle by an unmarked transporter from a location of your choice.

Wine will be transported by a specialist wine handler to one of our wine storage partners.

What does an appointment at Borro's valuation center involve?

Start by making an appointment to meet with one of our experts in our valuation center in Midtown Manhattan between 9am and 5pm, Monday-Friday.

You will be met by your account manager and a member of our valuation team. You will then receive an expert appraisal of your assets along with a quote for your Borro loan.

If you choose to accept the loan offer and you complete identification checks, we will be able to wire you the money innediately.

It is always best to make an appointment in advance but you are welcome to drop by if you are passing by.

Where will my assets be stored?

Watches, jewelry and gold are stored in our highly secure vaults or with one of our partners which include Citibank and Malca-Amit.

Cars are stored with one of our specialist partners which include Exotic Classics, Top Store and Sphere Motorsports.

Fine art and antiques are stored with Day & Meyer or one of our other partners which include CFASS, Cadogan Tate, The Fortress and Peak Fine Art, to name but a few.

For wine, our specialist wine storage partners include Winecare, Liquid Asset Storage and Domain Wine Storage.

What is a sale advance loan?

It's a loan that is secured against a personal asset – or assets - in advance of a sale at auction or privately. Our sale advance loans can release up to 70% of the estimated sale price while we manage the sale of the assets. Once the transaction has been completed, you will receive the sale, less any outstanding interest and any sale transaction fees.

How does a sale advance loan differ from a personal asset loan?

A sale advance loan is a process where you turn an item over to Borro for us to manage its sale. We extend a loan to you in anticipation of the ultimate sale.

A personal asset loan is where you borrow against an asset, without selling it. It's a way to release equity. At the end of the loan period your assets are returned to you once the loan amount and accrued interest are settled.