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How much can I borrow?

Joseph Silcott, 'Can't Buy Me Love', Papercut, 2011.

Courtesy of the artist and Cambridge Contemporary Art.

Own Art loans allow you to borrow from as little as £100 up to a maximum of £2,500 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. 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 £2,500 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.

Own Art Plus loans allow you to borrow from £2,500 up to a maximum of £25,000 for the purchase of artwork by artists born in the 20th century.  These loans are repayable over 10 months.

Own Art Twenty loans also allow you to borrow from £2,500 up to £25,000, however these loans are repayable over 20 months

All Own Art loans are completely interest free for the customer. 

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Hang-Up Pictures Launch. Courtesy of the Gallery.

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