It Could Not Be Simpler!
How It Works – getting a loan from Monopoly Private Finance could not be simpler. Items pledged are secured with Monopoly Private Finance during the contractual period but remain the property of yourself, our client, until the contract ends. Although no credit checks are carried out, all transactions require proof of ID prior to a client being permitted to enter into a contract.
Getting Your Luxury Assets to Us
Getting your assets to us is very easy, and we have a number of options for you to choose from. We have detailed the four main methods below; however, if you would like to discuss your items and how you can get them to us, then please do not hesitate to contact us.
Our Loan Agreement - How It Works
As we are a London Pawnbroker, your loan with us will be under contract, and all information about the loan terms is detailed in the contract agreement. If you would like to see a copy of our loan agreement, you can request this from us at any time. Simply request a quotation or ask for a copy of our loan agreement on the Contact Us page of this website. If you still have questions on How It Works or why use a pawnbroker then please take a closer look at our website or contact us directly.
How It Works – Monopoly Private Finance
How It Works – Monopoly Private Finance is a specialised financial service that offers individuals the ability to leverage their high-value, luxury assets as collateral to obtain loans. The service is designed for affluent individuals who own assets such as high-end watches, luxury cars, jewellery, fine art, real estate, or other valuable items. The concept behind MPF is that, rather than selling these assets to raise capital, individuals can temporarily borrow against them while retaining ownership.
How It Works – Key Services of Monopoly Private Finance
- Loan Against Luxury Assets: MPF allows clients to use luxury items as collateral for short-term loans. The loan amount typically depends on the assessed value of the asset. This service is appealing for individuals who need immediate liquidity but do not want to permanently part with their luxury items.
- Asset-backed Financing: By offering loans secured by tangible assets, MPF ensures a quick and flexible financing solution. The process is often faster than traditional loans because the focus is on the asset value rather than the borrower’s credit score or financial history.
- Luxury Asset Valuation: MPF provides professional valuation services to assess the market value of luxury goods. The loan amount is then determined as a percentage of this appraised value.
- Selling Luxury Assets: MPF may also facilitate the sale of luxury items on behalf of the client. In cases where the client prefers not to take a loan, they can opt to sell the asset outright through MPF’s network of buyers or auction platforms.
Typical Luxury Assets Accepted
- High-end watches (Rolex, Patek Philippe, Audemars Piguet, etc.)
- Jewellery (diamonds, gold, rare stones)
- Luxury cars (Ferrari, Lamborghini, etc.)
- Fine art (paintings, sculptures)
- Real estate (prime-location properties, holiday homes)
- Yachts and private jets
Benefits of Loan Against Luxury Assets
- Quick access to liquidity: Loans can often be secured faster than traditional methods.
- Retain ownership: Instead of selling, individuals keep ownership of the asset, with the opportunity to redeem it once the loan is repaid.
- Confidentiality: Transactions are typically discreet, offering privacy for clients.
- Flexible repayment terms: Depending on the lender, repayment plans can be customised to suit the borrower’s needs.
Risks to Consider
- Loss of the asset: If the borrower fails to repay the loan, the asset used as collateral may be sold by the lender.
- Interest rates: Since these loans are often considered high-risk, interest rates may be higher than traditional financing options.
How It Works – Monopoly Private Finance provides a niche solution for wealthy individuals who need liquidity but want to avoid selling prized luxury assets. It’s a unique approach for those who prefer short-term financial flexibility without losing ownership of high-value possessions.