The company, which has revolutionised the short term finance market by lending against assets such as jewellery, prestige cars, fine art and antiques, is lowering its fees across the board, offering a more affordable product on which introducers can advise their clients:
Fee New Pricing
Facility Fee 2.5% of the loan
Storage Fee Applicable to only certain asset types
Exit Fee None
Paul Brett, Business Development Director at borro, comments:
“borro is committed to offering the best possible rates to intermediaries to make sure they can provide a strong alternative lending product to their clients. With interest rates starting at 2.49% per month, introducers can earn up to 7.98% of the loan value in commission. borro offers a viable alternative funding source for clients and a valuable income opportunity for advisers.”
