Available at Blackwell and Abbot Hall, Own Art makes buying art easy and affordable by letting you spread the cost of your purchase over 10 months with an interest free loan. Why not start a collection of your own today from as little as £10 per month?
What can you buy
Own Art loans are available for the purchase of contemporary art and craft of any kind, and in any media. That means you can choose more or less anything you want from paintings, prints, drawings and sculpture, to glassware, ceramics, jewellery, furniture and textiles.
However, there are a few restrictions which are useful to remember before you set your heart on something:
- Works of art for purchase with an Own Art loan must be by a contemporary (i.e. living) artist
- Works of art must be created by and attributable to the artist
- Own Art is available for the purchase of limited edition prints and multiples only where the artist has produced these in an edition of 150 or less
How much can you borrow
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 it's 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 £2,000 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.
How to apply
Own Art is available to all UK residents over the age of 18, subject to status. This means that you must be able to meet the following criteria in order to be approved for a loan:
- Over the age of 18
- A permanent UK resident
- Working at least 16 hours a week (employed or self-employed)
- A retired person in receipt of a pension
If you are not working but are married to or living with a partner who does have a full time job, then you may still apply provided that your partner is happy for their employment details to be included on your application form.
Once you've found the piece of work that you want to buy, you'll need to have proof of ID with you in the form of a driver's licence or utility bill, along with a credit or debit card as proof of signature.
We will take you through the loan application process, which normally takes about 10 minutes and you'll get an instant decision.
Own Art's finance partner Hitachi Capital Consumer finance will send you a welcome letter and the 10 monthly payments will be collected by direct debit from your account starting a few weeks after you've made your purchase.