FAQ Collectors

How does LenArt work?


By simply visiting LenArt website, you will be able to request financing to buy art for a minimum of 1.000€ per unit piece to a maximum of 50.000€. 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 our monthly installments service, LenArt covers the financial partner's bank interests for the loans amount between 1.000€ and 50.000€ and between 12 and 24 months. In this is case, this is why the amount of your loan request is equal to the price of your art piece minus the bank interest. Thus the full amount you will pay to our financial partner as part of your loan will be the same as the price of your chosen art piece. For the loans between 1.000€ and 50.000€, for a duration from 25 months to 84 months, LenArt will covers 2% of the 4,89% of bank interests. 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.




What is an installment loan?


A cash 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!




When can I use LenArt?


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 or designer pieces. Design, film, photography, sculptures, antiquities, fine arts, collectors’ items are considered art. The minimum amount for a credit is 1.000€ per unit piece. The maximum amount is 50.000€. For amounts up to 50.000€, 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.




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


The minimum amount is 1.000€ per unit piece. The maximum amount is 50.000€. For amounts up to 50.000€, manual requests must be sent to LenArt at info@lenart.be




Is there an application process for LenArt ?


Yes, there will be a credit check done by our financial partner, Aion Bank SA/NV, to make sure you can afford financing. We don’t want you to spend more money that you can afford. For more information on Aion Bank, please visit this page.




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


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




When and how do I pay my installments?


Your installments are paid automatically from your account each month on the day specified during the financing request. You only have to make sure that on that day there is enough money on your account. To know more about our financila partener instructiosn, please visit www.aion.be




What fees does LenArt charge me?


LenArt is free of charge 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 Aion Bank, SA/NV. This is why the amount of your loan request is equal to the price of your art piece minus the bank interest. Thus the amount you will pay monthly to our financial partner as part of your loan will be the same as the price of your chosen art piece. You can start building your art collection now by first choosing your favourite financial plan here.




How do I track my installment payments?


Our trusted financial partner, Aion Bank SA/NV, will help you track your installment payments and make sure you pay on time for you to avoid any additional costs. Aion Bank will also give you the opportunity to repay your art credit in full before the end of the financing period if you wish to do so.




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


After you make the transfer of resting funds to your current account, our trusted financial partner, Aion Bank SA/NV, will debit it the next day.




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


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. Add details about your place of residence 6. Add details about your occupation 7. After successful verification, confirm your data 8. Accept the terms and conditions 9. Get the approval by our partner and sign your agreement 10. After confirmation with the art gallery, enjoy your art piece at home or at the office !




Is my payment information safe?


Payment information is processed securely by our trusted financial partner, Aion Bank SA/NV. 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.
For more information on Aion Bank, please visit this page.




How can I get live support from LenArt?


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.




Where is your privacy notice?


You can find our privacy notice here.




Where are your terms and conditions?


You can find our terms and conditions on this page.




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


At Lenart, we wanted to make sure you do not have to pay for any interest fee so we decided to cover the interest rate asked by our financial partner, Aion Bank SA/NV for the loans amount between 1.000 and 50.000€ from 12 months to 24 months. For the duration between 25 and 84 months, LenArt covers 2% of the bank interests from our financial partners. Yet, for you information, we only cover the bank interest of Aion Bank 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.




Is LenArt authorized to offer this service ?


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.