Borro unveils longer-term offering

Sarah Davidson

March 10, 2015

Interest rates start from 0.75% per month, while loans are secured against luxury assets such as fine art, antiques, jewellery, watches, gold, precious metals and classic cars.

To qualify as a high net worth client borrowers must have a yearly income above £150,000 or hold net assets above £500,000.

Interest rates are based on the luxury asset and the value of the loan, while a set-up fee and an annual service fee also applies.

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