Borro accepts the following types of luxury assets:
Borro has also provided loans on other types of assets ranging from memorabilia to musical instruments. Please be sure to also view our FAQ that lists which assets Borro does not accept.
Borro does not provide loans on:
Assets that you have not fully paid off
Assets that are not fully owned by you
Borro offers loans from £5,000 to £5,000,000.
The term for Luxury Asset Sale Advance loans is based on the expected sale date.
Borro has an in-house team of valuers certified by organisations such as The Royal Institute of Chartered Surveyors, Gemmological Association of Great Britain, and the Gemological Institute of America.
Our valuers maintain an international network of over 300 qualified appraisers, specialists, and dealers to ensure Borro reaches the most accurate market value possible.
"Market value" is the amount of money that you could expect to receive from selling your luxury asset(s) today. This is often different from the "retail value" that may be provided elsewhere.
The "retail value" of a luxury asset is almost always a higher value than the current "market value" as "retail value" factors in the costs incurred in marketing, storing, and selling the asset to you.
Luxury assets tend to depreciate compared with their retail value unless they are very rare.
Up until your loan agreement is accepted you have complete flexibility.
Accepted loan agreements may be cancelled up to 14 days after they are signed. Simply send us an email or call us. Fees incurred will be refunded in full. You only pay pro-rata interest (calculated daily) up until the day Borro receives notification.
Once the loan agreement is accepted we can deposit the loan funds immediately via bank transfer.
Your Luxury Asset Sale Advance Loan is repaid by the proceeds of the sale, including any outstanding interest and fees.
Borro can arrange for a courier to collect assets such as luxury watches and jewellery as well as smaller works of fine art and antiques. Alternatively you may book an appointment to meet our valuers at our offices.
For larger works of fine art and antiques or luxury and classic cars we will arrange specialised transportation via one of our partners.
For important pieces or assets in specialised storage we can arrange an on location visit by our valuers.
When you visit us you will be greeted by your account manager and one of our valuers. Based on the valuer's assessment of your assets you will receive a loan offer.
Your account manager will then set up your Borro account if you haven't done so already, explain your loan agreement and you can receive your loan funding the very same day via a bank transfer.
You can book an appointment either by calling us at 0808 278 5547 or on our website. Borro recommends booking an appointment in advance of your arrival however you are welcome to visit our offices for a walk-in appointment if you are near one of our offices.
All luxury assets are stored under highly-secure conditions with Borro's storage partners. Each partner offers specialised, state-of-the-art storage options so Borro can ensure assets are well taken care of until they are returned to you.
A Luxury Asset Sale Advance Loan is when you provide your asset(s) to Borro so we can manage the sale of the asset(s) for you through our global network of auction houses. We offer a loan (advance) to you ahead of the sale whether it be at auction or through a private treaty.
A Luxury Asset Bridging Loan is where you use an asset as collateral in exchange for a loan without having to sell your asset. At the end of the loan period your assets are returned to you once you have paid the loan amount and accrued interest to Borro.
A Luxury Asset Sale Advance Loan is when you provide your asset(s) to Borro so we can manage the sale of the asset(s) for you through our global network of auction houses. We extend a loan (advance) to you ahead of your asset(s) sale whether it be at auction or through a private sale.
A Luxury Asset Term Loan is where you use an asset as collateral in exchange for a loan without having to sell your asset. At the end of the loan period your assets are returned to you once you have paid the loan amount and accrued interest to Borro.
Your Borro account lets you track your loan statements, make and manage payments, view assets we have previously valued, and apply for new loans.
Simply visit the sign in page and you can log in or create a Borro account.
Simply visit the forgot password page and you can reset your Borro account password.