We believe that art is for everyone and that art should be as accessible as possible, which is why Bankside Gallery is proud to be a member of Own Art. Whether you're a first time buyer or a keen collector, the Own Art scheme makes owning original art easy and affordable.
What is Own Art?
Own Art is a national initiative designed to make buying contemporary art more accessible and affordable by providing interest free loans. With this initiative, you can purchase any artwork between £100 - £2,500 and pay it back in 10 interest free monthly instalments. You can even add multiple works to the same loan, and include framing in the total amount! If the total amount is over the upper limit, you can put down a deposit and use Own Art as a part-payment.
How does it work?
It couldn't be simpler! Once you've found an artwork that you love, just let us know that you would like to apply for an Own Art loan to finance your purchase - you can do so by giving us a call on: 020 7928 7521, sending us an email on: firstname.lastname@example.org, or coming to see us in person at Bankside Gallery.
One of our friendly members of staff will walk you through the loan application process, which normally takes about 10 minutes. All you will need is proof of residence and signature - for example, a driving license. It is worth noting that this process can be done both in person or online if you are not able to come into the gallery. Once you've provided all the necessary information, you’ll get a decision right away. After your application is approved you will need to sign the agreement and you can take your artwork away with you right there and then, or arrange for collection / delivery.
Following your purchase you will receive a welcome letter from Own Art’s finance partner Novuna (formerly Hitachi Capital), and your 10 monthly payments will be collected from your account by direct debit. This usually starts around a month after the date of your purchase.
Am I eligible for Own Art?
Own Art is available to all permanent UK residents over the age of 18, subject to status.
This means that you must be able to meet one of the following criteria in order to apply for a loan:
- Working at least 16 hours a week (employed or self-employed)
- A retired person in receipt of a pension
- A person in receipt of disability allowance
If you don't meet one of these criteria but are married to or living with a partner who does, then you may still apply provided that your partner is happy for their income details to be included on your application form.
To find out more about the Own Art scheme, and how you can make the most of it, simply ask one of our members of staff in person or get in touch with us over the phone: 020 7928 7521, or by email: email@example.com.