Qollateral, New York City’s premier loan provider on watches and other luxury-backed assets, offers a unique alternative to a home equity line of credit. Before you commit to a home equity line of credit (aka HELOC), consider Qollateral’s pioneering WELOC, an open line of credit backed by high-value luxury watches, such as Rolex, Patek Philippe, Audemars Piguet, Richard Mille, Omega, and many more. While traditional collateral loans provide a single, one-time payment, a watch equity line of credit offers the flexibility of multiple cash payments up to the watch’s value throughout the term of the loan. Access the value of your timepiece when you need it while retaining ownership of the watch. Find out more about Qollateral’s revolutionary watch equity line of credit and its countless benefits below.
Book an appointment now to set up a WELOC.
What is a WELOC?
WELOC is the exclusive term created by Qollateral for our watch equity line of credit. It uses the value of your watch or watches to create a flexible, open line of credit you can access anytime during the loan term. A WELOC offers the same privacy and ease as a collateral loan, with the added benefit of a longer repayment period. You can borrow as much or as little as you need against your luxury watches whenever you choose. Meanwhile, Qollateral stores your timepieces securely in a high-tech vault inside the International Gem Tower.
Why Consider A Watch Equity Line Of Credit?
WELOC watch loan plans offer numerous benefits, many of which mirror that of popular collateral loans.
For starters, you don’t need credit checks or financial reviews to get a WELOC. Qollateral determines your loan amount solely by your watch’s appraised value, not your income. That also means WELOCs do not affect your credit and are entirely confidential. If you think about it, WELOCs are also significantly less risky than other options, such as a HELOC or credit card cash advance, if you need instant but long-term cash flow because they don’t involve your credit whatsoever.
HELOCs require piles of paperwork, but a Qollateral WELOC can be completed in under an hour. The process is simple and mirrors our secure collateral loans. Setting up a line of credit against your luxury watches takes only a free, no-obligation appraisal appointment. Once you sign the straightforward contract, your revolving line of credit becomes available immediately.
Luxury watches hold immense value that would otherwise sit unused, tucked away inside a watch box at your home. An excellent alternative is to store your watches in our ultra-secure vaults in exchange for a high-value revolving line of credit. We promise your watches will be safer in our state-of-the-art vaults within the impenetrable International Gem Tower than in your own home and will remain untouched until you are ready to close out the terms of your WELOC.
There has never been a better time to take advantage of your valuable assets because the luxury market is at an all-time high. Lock in the highest estimated value of your watch now before the market shifts. You might be surprised at just how much your watch can qualify for once it is evaluated by our skilled team of appraisers.
The Benefits of a WELOC
- No credit checks are required.
- 100% confidential.
- Quick and easy to process.
- Low risk.
- Cash in whenever you need it.
- Retain ownership of your watch while securing instant cash flow.
- Watch values are at an all-time high.
An equity line of credit is a convenient way to monetize your most valuable assets, and Qollateral is revolutionizing the process by offering secured loans using high-end watches. We also provide programs for other valuable luxury goods, such as gold, jewelry, designer handbags, and loose diamonds and gems. With the highest offer loans in the industry, you don’t have anything to lose by booking a free, no-obligation appraisal for our no credit check collateral loans. Let us help you assess your cash flow options, whether you’re interested in a WELOC, collateral loan, or selling your luxury watches for the best price.
We are ready to serve you virtually or in person at our New York City offices.
- 100% Discreet
- 100% Safe
- 100% Secure
- 100% Risk-free
- 100% Insured
- 100% Satisfaction Guarantee
