A new personal loan provider – just for art buyers
10 group is a new personal loan provider specialising in interest-free loans for art buyers. 10 group subsidiary, Art Money, is currently working with 25 galleries in Sydney and plans to go national in 2016.
Art Money will lend up to $18,000 to the art buyer who pays a deposit to the dealer. The buyer makes nine equal repayments over nine months. Art Money charges no interest or establishment costs and offers pre-approval.
Source: Banking Day