Overview
No matter what the reason, sometimes you just need a bit of extra cash. But what is the best way to secure funds – a traditional bank loan or a loan against your Rolex watch?
A Traditional Bank Loan
A traditional loan from your bank will require many steps that can take up to several weeks to complete! The bank will want to examine your current financial situation and pick apart your past credit history. You will likely have to carefully explain and justify why you need to borrow the specific amount you are asking for – how the funds will be used, how long it will take for you to repay them, what other funding you are currently paying off. The process is thorough and intrusive! Worst of all, you may not be approved for the amount you need or even approved at all.
A Rolex Watch Loan
For those who appreciate the value of their luxury possessions, a collateral loan against a Rolex watch offers a discreet and efficient alternative to traditional bank loans.
A collateral loan against your Rolex watch is better in every way – it’s simple, fast, and private. Starting with a quick chat with one of our representatives, we will obtain from you some photos and a description of the watch. Our valuation experts will use these to arrive at a preliminary loan amount, usually in a matter of hours. You will then make an appointment – often on the same day! – to bring your Rolex in for a final inspection and valuation. The loan amount will be paid out immediately following the completion of the electronic paperwork, which takes just ten minutes or less.
Simplicity
Because the loan is based on the value of your Rolex watch, the valuation process is simple – just a few minutes to research the current market value is all that is needed before the calculation is complete. An in-person appointment then covers the rest: authentication, paperwork, and funding. Very often everything is completed the same day.
Speed
Because we specialize in collateral loans against luxury assets, our team of helpful representatives and valuation experts is quick on the draw! Using the information you provide, we can turn around an initial valuation immediately. Once you arrive for the appointment you are less than thirty minutes away from funding – it’s as quick as that.
Confidentiality
With your Rolex watch securing the loan, there is absolutely no need for invasive questioning or credit history reviews. Borrowers choose us for a loan for many different reasons, but justifying your need for the loan is not part of our approval process! You may have the loan for as long as you need, no questions asked, as long as monthly payments are current. This focus on confidentiality and asset-based lending makes a Rolex loan an attractive option for those seeking discretion and a streamlined process.
Choose a Rolex Loan
Why bother with the bank? It takes forever, involves too much paperwork and too many appointments, and requires a magnifying glass on your credit! Choosing to get a loan against your Rolex watch is the simpler, faster, private option to get you the cash you need, when you need it most.
If you’re considering leveraging your Rolex for a loan, Borro can provide a confidential and efficient solution.
