Question 1

How does LenArt work?

Accepted Answer

By simply visiting LenArt website, you will be able to request financing to buy art for 1.250€ to 22.000€ for personal collector (18 and 24 months)  and for business collectors from 5.000€ to 50.000€ (6 - 12 - 18 - 24 months).  This will allow you to collect now and pay later for your favourite art piece as we will finance it for you.   And since LenArt does not want you to pay more than the cost of your art piece due to your monthly installments service, LenArt covers the financial partner's bank interests for the loans amount between 1.250€ and 22.000€ and for 18 and 24 months.    You can start your loan request here.  If you need further information about our service, you can contact us here. Attention, borrowing money also costs money.

Question 2

What is an installment loan?

Accepted Answer

An installment loan is a fixed amount lump sum you borrow over a set amount of time. You repay the loan in monthly installments that get taken out on the same day every month. Once you have repaid all the installments, the loan will be closed.  In the meantime, you will already be able to enjoy your art piece at home or at work!

Question 3

When can I use LenArt?

Accepted Answer

LenArt allows you to request financing dedicated to buy art. LenArt is not meant to be used for any other purchases. It is meant to help people build their art collection and give more opportunities to artists and art galleries to sell their artworks.  Photography, sculptures, antiquities, fine arts, collectors’ items are considered art. The minimum amount for a credit is 1.250€ per unit piece for Personal collector and 5.000€ for Business collector. The maximum amount is 22.000€ for Personal collectors and 50.000€ for Business collector. For higher amounts, manual requests must be sent to LenArt at info@lenart.be.   If you need further information on what you can or cannot purchase through LenArt, don’t hesitate to contact us here.

Question 4

What are the steps to open an account to ask for an art credit?

Accepted Answer

1. Fill in your contact details  2. Fill in the details of the art piece 3. Choose your favorite payment plan and start your loan request 4. Fill in the form on our financial partner website  5. After successful verification, confirm your data 6. Accept the terms and conditions 7. Get the approval by our financial partner and sign your agreement 8. Enjoy your art piece at home or at the office !

Question 5

What is the minimum/maximum charge amount allowed with LenArt?

Accepted Answer

For personal collector : 1.250 € to 22.000€ For business collector: 5.000 € to 50.000€

Question 6

How is it that I don’t pay an interest fee ?

Accepted Answer

At Lenart, we wanted to make sure you did not have to pay for any interest fee so we decided to cover the interest rate asked by our financial partner for the loans amount between 1.250€ and 22.000€ for 18 and 24 months / for the loans amount between 5.000€ and 50.000€ for 6-12-18-24 months.    Yet, for you information, we only cover the bank interest during the term of the loan. Under no circumstances will LenArt cover any other additional costs related to the loan, of which, here, is a non-exhaustive list: - late fee; - fees for non-payment; - legal fees; - etc.

Question 7

Is LenArt authorized to offer this service ?

Accepted Answer

Yes, of course ! The ArtGency SRL ℅ LenArt is officially registered by the FSMA as a subagent (intermediary acting under full responsibility of another broker or agent) under the registration number 0749926695.  You can consult the FSMA page for more information.

Question 8

Is there an application process for LenArt ?

Accepted Answer

Yes, there will be a credit check done by our financial partner to make sure you can afford financing. We don’t want you to spend more money that you can afford.

Question 9

What is the minimum income I should have to apply for an art credit?

Accepted Answer

The minimum income to apply for an art credit is 1.200€/month.

Question 10

When and how do I pay my installments?

Accepted Answer

Your installments are paid automatically from your account each month on the day specified during the financing request. Always make sure that on that day there is enough money on your account.

Question 11

What fees does LenArt charge me?

Accepted Answer

LenArt is free of charge for art loans the since we do not want you to pay more than the cost of your art piece ! Thus LenArt covers the bank interests of our financial partner.    You can start building your art collection now by first choosing your favourite financial plan here.

Question 12

What happens when my financing repayment is repaid only partially because there is not enough funds on my current account?

Accepted Answer

After you make the transfer of resting funds to your current account, our trusted financial partne will debit it the next day.

Question 13

Is my payment information safe?

Accepted Answer

Payment information is processed securely by our trusted financial partner. No card details are transferred to or held by the merchant. All transactions take place via connections secured with the latest industry standard security protocols.

Question 14

How can I get live support from LenArt?

Accepted Answer

Please contact info@lenart.be and mention your name and business’ name (if you are one), we will get back to you as soon as possible.

Question 15

Where is your privacy notice?

Accepted Answer

You can find our privacy notice here.

Question 16

Where are your terms and conditions?

Accepted Answer

You can find our terms and conditions on this page.

WHAT IF

Be careful, borrowing money, costs money.