Supporting Charity:

Personal Asset Lending with borro

  • Money in 24 hours
  • Approval in principle (AIP) in minutes
  • Borrow from £1,000 to £1 million
  • No credit or income checks
  • No redemption fees
  • Excellent commissions
  • Use your existing Promise login

Promise has facilitated a relationship for it’s introducers with borro, the country’s leading personal asset lender. borro provide short terms loans from £1,000-£1m secured against people’s valuable assets including fine art, prestige cars, luxury watches, jewellery, gold and other high value items. borro provide Financial and Mortgage Advisors with an excellent way to solve the short term financial needs of their clients.

General Criteria

Minimum Term 1 month
Maximum Term 12 months
Minimum Loan £1,000
Maximum Loan £1,000,000

Loan to Value ratios (LTV)

Asset Type LTV
Jewellery & Gold 70% LTV Click here to view case study
Luxury Watches 70% LTV  
Fine Art & Antiques 50% LTV Click here to view case study
Prestige Cars & Yachts 50%LTV Click here to view case study

Interest Rates and Commissions

Loan Value Click Interest Rates (per month) Commission
£100,000+ 2.49% 2.49%
£20,000 - £99,999 2.99% 2.99%
£1,000 - £19,999 3.99% 3.99%


Facility Fee 2.5% of the loan
Storage Fee Application to certain asset types*
Exit Fee None

Note: Commissions will be paid within 1 month of completion.

Brokers will not normally receive a commission from borro where borro already has an existing independent relationship with a client.

How it works

If your client has a suitable asset, talk to borro and they could arrange a loan for your client in three easy steps:

    1. Complete the “borro quick referral form” on this page. borro’s account managers will speak directly with your client and arrange for the items to be valued. Depending on the type of asset, this could mean a home visit or more likely transportation by same day/next day courier, or a personal appointment at their central London valuation centre.
    2. Once borro has received the asset, their expert in-house valuation team will provide a free valuation based on the open market value of the asset and confirm how much borro would be willing to lend your client.
    3. borro will then make a formal offer to your client, once accepted the payment to your client will be processed immediately. If your client changes their mind, borro will return your clients valuables back within 2 days, free and insured.

borro covers the cost for all shipping and your clients assets are fully insured from the moment they leave your clients hands, right up until they receive them back when the loan is repaid. Borro will take possession of all items offered as security for the duration of the loan.

Identifying qualifying items

Once a potential customer has been identified, it is important to check whether they have items suitable to secure a loan against. Items can loan against: to secure a loan against. Items can loan against:

What happens if your clients is unable to pay back the loan?

If this happens, borro will manage the re-sale and settle the loan on your clients behalf. All assets are sold through the major auction houses, and any surplus from the sale, after recovery costs, will be returned to your client.

Case Tracking

Promise will maintain our Case tracking service on a weekly basis – unfortunately updates will only be available via our case tracking service and not via telephone.

For more details

Call 01902 585052