Did you know that many women are using luxury bags and accessories as collateral to free up some fast cash? It’s an ideal solution for anyone seeking a short-term loan who has luxury assets to loan against – and it doesn’t even require complicated financial contracts or proof of income!  

How Do Luxury Asset Loans Work?

To get started, clients click on the GET ESTIMATE button on the PawnBank website and they tell us about their asset, receive a loan estimate and send their goods to us.

Once received, we make an onsite appraisal and then make an official loan offer. Once the offer is signed and accepted, the finances are transferred into their nominated bank account.

The client then pays the loan back over the one, two or three month period and when it’s finalised, the goods are then sent back to client. Fast, discreet and secure!

Luxury Bags: Christian Dior Medium Lady D-Lite Bag

PawnBank Can Help During COVID-19

In the midst of the COVID-19 pandemic, there are many people who are experiencing financial difficulty and uncertainty. Some are in need of some extra cash quickly. This could be due to job loss, reduced hours or waiting for funds to become available from other sources.

Whether you’re a single mother, divorcee or business owner, PawnBank’s asset-based lending solution gives you the power to control your cash on transparent financial terms.

Fast Short Term Loans On Luxury Bags

For this reason many women are now using their handbags for a swift short-term loan. For example, a Hermes Birkin helped one woman pay for three months of rent.

Another woman used a Louis Vuitton Neverful to pay for school fees. A Chanel Flap handbag paid for another lady’s cosmetic surgery and there are many more luxury asset lending success stories.

Getting A Generous Valuation

Whether you have a single designer handbag or a collection, the more items of value, the higher the loan.

Having a dust cover, box and/or receipt will also help increase the loan offer. Value is based on the brand, model, condition, scarcity, age and provenance. The loan offer is based on the second hand value of the designer handbag or accessory.

PLUS you can add other items including a luxury watch, diamond ring, gold jewellery to increase the loan offer.  

The Top 10 Luxury Bags We Loan On

  1. Louis Vuitton
  2. Gucci
  3. Chanel
  4. Prada
  5. Dior
  6. Hermes
  7. YSL
  8. Givenchy
  9. Fendi
  10. Alexander McQueen

To receive an appraisal against your luxury bags to get access to a discreet and secure loan, contact us today.

Photo by Nassim Handstied