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Own
Art is Arts Council England's new interest free loan scheme. It is designed
to make it easy and affordable for people to buy contemporary works of art
including paintings, photography, sculpture, glassware, jewellery and furniture.
Loans are available up to £2,000 and
sometimes from as little as £100. The loan amount can go towards
an item that costs more than £2,000. It is possible to buy several
items at a time, or one or more items at different times in different
galleries providing the total amount you owe does not exceed £2,000
at any one time.
You will need to take two forms of identification with you to the gallery
something with an address on it such as a driver's licence or utilities
bill and something with your signature on it, such as a passport, credit
or debit card.
We will then help you complete the credit agreement. After satisfactory
credit checking, a standing order will be set up to make your repayments.
It's easy !
The amount you borrow is then paid back over a maximum of ten equal amounts.
We ask you to pay a deposit of 10%. This will be returned if, for any
reason, your application for credit is unsuccessful.
There are no extra costs. There is no charge for the credit (APR 0%).
This means the total amount payable under the loan, and the deposit, is
not more than the cash price of the piece(s) of work you purchased. There's
no administrative charge or handling fee either.
You need to be:
* Over 18 years old
* Resident in the UK
* In possession of a bank or building society account that can operate
standing orders
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