Asset-based lending for individuals is a loan backed by valuable assets, such as jewelry, designer handbags, luxury watches, loose stones, coins, gold, and much more. It’s a smart way to create instant cash flow without the hassle of a traditional loan because it’s quicker and 100% confidential. If you’re interested in securing fast cash, Qollateral is one of the most trusted lenders in the country. We adopt an understanding approach to secured lending to help you feel at ease and confident in your decision while helping you take full advantage of the value of your assets. Learn more about this type of loan, including its many benefits and why Qollateral is the nation’s premier lender.
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How Do Short-Term Luxury Collateral Loans Work?
The process is straightforward. Qollateral provides a high-offer loan based on the value of the asset used as security for the loan, which is determined by our team of experienced appraisers. If you agree to the loan amount, the assets are stored in one of our state-of-the-art vaults within the secure International Gem Tower until the end of the loan term. Your assets will be returned to you upon paying off the total loan amount. The process is just that simple and can be completed virtually or in person. The choice is yours.
Visit our FAQ page to learn more about borrowing against your luxury assets at Qollateral.
The Benefits of Asset-Based Lending:
Quick Cash Payout
The convenience of a quick cash payout is one of the most significant benefits of a secured loan. Because the lender is using the value of an asset to determine the loan amount instead of the borrower’s ability to pay, the process does not require mountains of paperwork and can be completed in as little as an hour. This option is ideal in situations where the borrower needs cash immediately.
No Credit Checks Are Required
Since luxury assets are used as collateral, there is no need to run credit checks or provide personal financial information to secure the loan. This benefit is particularly appealing to borrowers who have poor credit or no credit at all.
It Does Not Impact Your Credit Score
Consequently, luxury asset finance does not negatively impact the borrower’s credit score. For example, if a payment is missed on a bank loan or credit card, it can significantly damage their credit score, depending on the borrower’s financial history. Using assets as collateral for a short-term loan erases that risk.
100% discreet and Confidential
That brings us to another one of the many benefits of asset-based lending for individuals: they can be completely confidential. There is no need to run exhaustive financial reviews or contact references to secure the loan. It is an entirely private transaction between Qollateral and the borrower.
A Smart Way to Avoid Debt
Borrowers risk putting themselves into debt if they cannot make payments on unsecured loans. However, loans backed by luxury assets work differently. In the rare occasion that the borrower cannot pay, the collateral asset is used to settle the loan amount.
More Flexible Loan Terms
Qollateral offers flexible loan terms, which we consider on a case-by-case basis to help the borrower secure the highest offer possible. It’s also important to consider that rates are more competitive than traditional loans because there is less risk to us, the lender, by using valuable assets as security for the loan.
There Is No Need To Sell Your Prized Assets
Most importantly, there is no need to sell valuable luxury assets to monetize them when faced with a financial emergency. Instead, retain ownership of the assets by using them as security for a short-term loan. However, if you choose to sell, Qollateral provides the best prices on the secondary market. Whichever path you decide, you can rest assured that our team will help you get the most value for your assets.
Luxury-backed loans are an excellent alternative to traditional loans, particularly for anyone searching for a quick, no-hassle solution to their financial needs. There is less risk to the lender, which means attractive and flexible loan terms, and there is no impact on the borrower’s credit. The entire process is confidential and can be completed in less than a day if the borrower chooses. What are you waiting for? Call us today to discuss turning your luxury assets into instant liquidity.
100% Discreet
100% Safe
100% Secure
100% Risk-free
100% Insured
100% Satisfaction Guarantee
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