NEW YORK–(BUSINESS WIRE) -Borro™, the leading provider of confidential non-bank loans using borrowers’ luxury assets as collateral, today announced that it is lowering its interest rate by 20% on new loans using Rolex watches as collateral. The special interest rate will remain in effect for the duration of new loans entered into by December 31, 2020 that use one Rolex watch or multiple Rolex watches as collateral.
Rolex watches are regularly one of the most popular luxury assets that Borro customers use as loan collateral. Borro collateral loans are a reliable, fast, and easy way to access cash without a credit check, credit history, personal guarantee, or financial disclosure. Rolex watch owners, collectors and retailers can obtain loans of up to 75% of the current resale value of their watch (s) from Borro in just a few days. “The Rolex brand is so well known, respected and still in high demand, ”said Borro Chief Underwriter Richard Shults, GG (GIA). “This generally makes Rolex watches eligible for the highest loan to value (LTV) ratios that we provide as a lender, and their ability to maintain their resale value makes them an ideal collateral that we will lend against. ”
Rolex owners, collectors and retailers can obtain standard loans or line of credit loans from Borro, for amounts ranging from $ 2,500 to over $ 5,000,000. Borro allows customers to capitalize on the real value of their Rolex watch (s) without the wait and, more importantly, without having to sell. Borro accepts all Rolex models, including Rolex Cosmograph Daytona, Rolex Sea-Dweller, Rolex Submariner, Rolex GMT Master, Rolex Explorer, Rolex Milgauss, Rolex Air-King, Rolex Yacht-Master, Rolex Oyster Perpetual, Rolex Datejust, Rolex Day-Date, Rolex Pearlmaster, Rolex Sky-Dweller and Rolex Cellini. Borro’s deep Rolex expertise gives individuals the peace of mind that they can trust Borro with their Rolex.
Borro also accepts other luxury watch brands as loan collateral including Patek Philippe, Audemars Piguet, A. Lange & Söhne, Hublot, Richard Mille, Cartier, Omega, Piaget and more. Are you looking for credit with no credit check? Check out here: https://oakparkfinancial.com/payday-loans-no-credit-check/
Borro provides funding ranging from thousands to millions of dollars in exchange for high-value but illiquid assets. In addition to watches, Borro accepts luxury and classic cars, fine jewelry and diamonds, designer handbags and accessories, gold and precious metals, fine art and a range of quality assets. at auction.
For more information on using a Rolex watch for a Borro Secured Loan, please visit: https://borro.com/assets-we-accept/luxury-watches/
Borro, a brand of Luxury Asset Capital, is the leading provider of confidential non-bank loans that use borrowers’ luxury assets as collateral. Luxury Asset Capital and its brands have funded more than $ 450,000,000 in loans for 15,000 clients since their inception. We are a must-have alternative to selling luxury assets or traditional financing channels that are often too slow, invasive and cumbersome or, in some cases, unavailable. We unlock equity in a wide range of luxury assets that are high value but illiquid and execute transactions of thousands to millions of dollars in as little as one business day. For more information, please visit borro.com. For more information on Luxury Asset Capital, Borro’s parent company, please visit luxuryassetcapital.com.