Pawnbroking is a fast, easy and safe option to secure a loan against your high value personal assets. Over the years, pawnbroking has emerged as a convenient alternative to small business owners and other individuals for raising short term credit without going through credit checks and other lengthy procedures.
Unbolted, a UK based online personal asset based peer to peer lending platform, offers loans against luxury assets such as watches, jewellery, vintage cars, fine arts, gold and other precious metals. It offers the lowest rates in the country which makes it easier for consumers and small business owners to access short term credit in the most transparent manner.
Unbolted can also be referred as an enhanced peer to peer pawn shop which competes with other high street lenders. With interest rates as low as 1.75% a month, it undercuts most of the existing lender rates and offers the cheapest loans.
Rito Haldar, co-founder Unbolted, said:
“We set up Unbolted because we want to challenge the way people can access credit through the out-dated pawn industry and other secured lenders. We’ll do that by being transparent, offering fairer terms, cheaper rates and a convenient, easy-to-use online service that puts consumers firmly in control of their borrowing.
“At Unbolted, we use a peer-to-peer online model which strips out many costs and ensures our customers can benefit from lower rates than typical larger loan companies or pawnbrokers.
“For us, it’s about making short-term borrowing affordable and simple so we can help asset-rich but cash-poor individuals and business owners. We want to champion change in this industry.”