We get this question all the time at Qollateral. Simply put, luxury collateral loans are secured loans that let you borrow money using your valuable assets, such as watches, jewelry, diamonds, and gold, as collateral. No lengthy credit applications, no income verification paperwork, just fast access to the cash you need.
Picture this: you’ve got a stunning diamond necklace tucked away in your jewelry box, or maybe a vintage Rolex that’s been in your family for decades. These aren’t just beautiful pieces: they’re financial assets that can work for you when life demands quick liquidity. Over our years in business, we’ve helped thousands of clients turn their treasured possessions into immediate capital.
About Our Secured Loans Process
Our process is refreshingly straightforward, and we can usually get everything done within 24 hours.
How Does A Collateral Loan Work?
First, we appraise your piece. Our certified appraisers look at everything: the brand, rarity, condition, and what’s happening in the market right now. Just this year, we’ve evaluated millions’ worth of assets, from iconic Cartier pieces to rare colored diamonds.
Next, we make you an offer. We’ll propose a loan amount based on a percentage of what your asset is worth. There’s no credit check during this step. We’re focused entirely on the value of what you’re bringing us.
Then we get you funded. Once you’re happy with the terms, we can get money to you incredibly fast. Most of our luxury asset loans are funded within 6 hours after appraisal. During the term of your loan, your precious piece stays safe and secure in our state-of-the-art vault inside the International Gem Tower.
Finally, you get everything back. When you’ve satisfied the loan terms, your item comes right back to you. If something comes up along the way, we’re always here to work with you.
What We Accept As Collateral
We work with all kinds of luxury assets, but here’s what we see most often:
Luxury timepieces are huge with our clients. Think Rolex Daytonas, Patek Philippe complications, Richard Mille pieces: watches that hold their value and have strong resale markets.
Fine jewelry and diamonds make up a big part of our business, too. Tiffany & Co pieces, rare colored diamonds, statement necklaces, vintage brooches: if it’s quality jewelry, we can work with it.
Precious metals are always in demand. Gold, silver, platinum: whether it’s bullion, rare coins, or even gold jewelry you’re not wearing anymore.
Fine art and collectibles open up some really interesting opportunities. These include original paintings from recognized artists, limited edition sculptures, rare sports memorabilia, vintage guitars from special performances, and basically anything with documented provenance and an established collector market. We’ve worked with everything from contemporary photography to antique coins.
The key is working with people who really understand these markets. We’ve been doing this long enough to know what holds value and what doesn’t.
How We’re Different From Banks
Let’s be honest. Traditional bank loans can be a real headache. That’s why so many borrowers prefer to go with secured collateral loans. Here’s the reality:
With us, approval is based purely on what you’re putting up as collateral. With banks, they want to see credit scores, income statements, tax returns, the whole nine yards.
We can get you funded in a day, sometimes just hours. Banks? You’re looking at days or weeks, minimum.
We’re proud to offer some of the most competitive collateral loan terms you’ll find anywhere. You get up to 120 days, that’s 4 full months, to repay your loan, and here’s what makes us different: your loan can be renewed for additional 4-month cycles as long as you need by simply making an interest payment. There’s no maximum loan duration, giving you true long-term flexibility. Plus, we don’t take any interest upfront, so you receive the full loan amount immediately to handle whatever brought you to us in the first place. You won’t owe any interest until the end of your first 4-month cycle, when you can choose to either renew for another term or pay off the principal and interest to reclaim your collateral. And if you’re ready to pay early? No problem: we never charge prepayment penalties, so you’ll only pay interest for the actual time you used the loan.
We know our rate may seem high compared to a mortgage or other traditional bank loan, for example, but remember, you’re getting cash in hours, not weeks, and your credit score never enters the equation. You’re paying for convenience, speed, simplicity, and privacy.
Again, we don’t run credit checks or report to credit agencies. Your business stays your business.
For our clients who need liquidity fast without jumping through bureaucratic hoops, these considerations make all the difference. And for your peace of mind, we’re fully insured by Lloyd’s of London.
How Much Can You Borrow?
This depends on what you’re bringing us, but here’s what we typically see:
- Luxury watches: 60-80% of secondary market value
- Fine jewelry and diamonds: 50-70% of secondary market value
- Art and collectibles: 40-60% of secondary market value
- Precious metals: 75-85% of secondary market value
Here’s a real example: say you’ve got a Rolex Daytona Rainbow worth around $700,000. With a 70% loan-to-value ratio on the secondary market, you could potentially walk away with $490,000. Of course, every situation is different, and the final terms depend on the specific piece and current market conditions. That said, our loan offers range from $2,000 to $10,000,000.
The Real Talk About Risks
We’d be doing you a disservice if we didn’t mention the downsides. Our interest rates are higher than traditional loans, so this isn’t the cheapest money you’ll ever borrow. And here’s the big one: if you can’t make your payments, you could lose your asset permanently. Interest payments must be made every 4 months to keep your luxury asset loan active throughout the loan term.
We never want that to happen. If you run into financial trouble, call us immediately. We’d much rather work out a payment plan than go through the complicated process of liquidating someone’s treasured possession.
Borrowing Against Collateral: Making It Work For You
When you need cash fast and traditional lending feels like more trouble than it’s worth, we’re here. Your luxury assets can provide the liquidity you need on your timeline, whether it’s for a business opportunity, an unexpected expense, or just bridging a temporary cash flow gap.
The secret is partnering with people who understand both the true value of what you own and the importance of handling everything with complete discretion. We’ve built our reputation on both.
That vintage Patek Philippe you inherited or the diamond earrings sitting in your safe could be exactly what you need to handle whatever life throws your way, without anyone else knowing your business, and without affecting your credit.
Ready to get started with a free, no-obligation appraisal? Fill out our contact form or call 212-287-5257 today. We proudly serve clients in New York City and nationwide.
