The Own Art scheme is designed to make it easy and affordable for everyone to buy contemporary works of art.
You can borrow up to £2,500, or as little as £100, and pay back the loan in 10 monthly instalments – interest free. The loan amount can be a part-payment towards an item that costs more than £2,500. Alternatively, you can buy several lower value items at a time with a combined value of up to £2,500 or more.
To be eligible to apply for a loan you need to be:
– Over 18 years old
– A permanent UK resident
– In possession of a bank or building society account that can operate direct debit payments
You will also need to bring two proofs of identification with you:
– Proof of signature, such as a debit or credit card
– Proof of address, such as a bank statement, utility bill or driver’s licence
We will take you through the loan application process which should only take 10 minutes or so. If your application is successful, you’ll be able to sign the agreement and take the work away with you immediately.