BORROW BRIDGE
  • Services
    • Asset Based Lending
    • Asset Purchase
  • About
    • Vision and Values
    • Team
    • Affiliations
    • Legal
    • Shipping and Storage
  • Contact
  • FAQ & Media
    • FAQ
    • News

Frequently Asked Questions

Q. What assets do you accept?
We accept luxury assets of significant value including jewellery, diamonds, gemstones, gold coins, bullion and vehicles. Talk to us, confidentially, about your specific asset to determine if we can help.
 
Q. How do you assess the value?
We use a combination of in-house expertise and (sometimes) outside assistance to provide the best evaluation of the asset. This is a process which also operates to your benefit. We want to lend you what you need, but your asset must support the loan amount. 
 
Q. Why use a collateral loan?
Many people have equity locked into their assets, but they need short term cash. We offer a quick, convenient and confidential solution. Our loans are provided with no credit check or legal consequences if the loan is not repaid.  Our collateral loans do not cause people or businesses to overextend credit facilities or go into bankruptcy. If the loan is not repaid, we do not call collection agencies and your credit history is not affected. 
 
Q. How much do you lend and what interest?
Our minimum loan is $3000 upon approval of your asset. Above that, what we are able to lend depends on our assessed value of your asset. This is part of our confidential evaluation and discussion. Our interest rate, on average, is 4.9%, compounded monthly.
 
Q. What happens to my assets during the loan term?
Storage depends on the asset used as collateral for the loan. Jewellery, diamonds, gemstones and gold are stored in a safe in our secure office premises. See “Shipping and Storage” in our About Section for more information. We must hold the asset during your loan term.
 
Q. Do I lose ownership of my asset during the loan?
No. Your asset is simply loan collateral. However, if you fail to repay your loan, your loan will default, and your asset automatically transfers to and becomes property of Borrow Bridge Funds.
 
Q. Do many borrowers lose their assets during the loan process?
On average, about 80 percent of all loans are repaid. This is important as return customers and establishing long term relationships are critical to the success of our business. Often times, the same asset is used as collateral more than once. We only use the collateralized assets to recover our investment, costs and fees if a customer does not repay the loan, in accordance with the agreed terms.
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  • Services
    • Asset Based Lending
    • Asset Purchase
  • About
    • Vision and Values
    • Team
    • Affiliations
    • Legal
    • Shipping and Storage
  • Contact
  • FAQ & Media
    • FAQ
    • News