Own Art loans allow you to borrow from as little as £100 up to a maximum of £2,000 for the purchase of works of art by living artists.

There is no limit on the number of times you can use Own Art, but we recommend that you don't apply for more than one loan at a time. This is because each loan application is subject to a credit check, and your application may be declined if you have not yet already established a repayment record for an existing Own Art loan, or if the finance company considers that the total amount of credit you are asking for is too high in relation to your income.

The minimum you can borrow is £100 (monthly repayment of £10), but this can be used to cover a group of lower value items whose combined total adds up to £100 or more.

If you are buying something more valuable than £2,000 you can use an Own Art loan as a part payment. Please note that you cannot apply for multiple Own Art loans to cover the costs of a single purchase.