My ART | How does it work?
My ART

It’s easy! Follow this step-by-step process to start or grow your art collection today.

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It’s easy! Follow this step-by-step process to start or grow your art collection today.

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01

Apply for a Loan

Apply online for pre-approval before you go shopping, or apply in a participating gallery. You can borrow any amount between $1,000 and $50,000. Our partner company, Avanti Finance, will check your credit history, calculate the monthly payment, and confirm by email. Your loan approval is valid for 90 days.
02

Select your Artwork

Maybe you have an artwork in mind, maybe the piece you want is outside of your budget, or maybe you have an idea of what you would like to spend but are yet to find the perfect piece. Either way, visit a participating gallery and make your selection.

03

Finalise the Details

The gallery will require a deposit of at least 10%. The balance of the purchase price will be covered by your My ART loan. The gallery will send their invoice to My ART and then Avanti Finance will help you finalise your loan contract.

04

Enjoy

Take your art home, install it, and enjoy. You’ll receive a copy of your loan agreement and repayment schedule (nine equal monthly repayments). Your first loan payment will be deducted one month after purchase date.

FAQS

All My ART loans are approved and managed by Avanti Finance, a respected New Zealand finance company.

LOAN CALCULATOR

Become the art collector you’ve always wanted to be. Use our calculator to see what your repayments will be.



Repayment Amount:

Some collectors use My ART for a specific artwork, while others use their My ART balance like a credit limit. My ART is flexible and we love an opportunity to think creatively; we’ve assisted wedding registries, corporate gifts, and art buying groups. We are here to help you buy with confidence — just send us an email and we’ll get right back to you.

WE ARE FLEXIBLE

Can I get a My ART loan?

There’s only one way to find out. Give it a try. We consider your credit history and affordability of repayments to approve a loan.

How much can I borrow?

My ART can lend you between $1,000 and $50,000, subject to credit approval.

Can I use a My ART loan to buy an artwork that costs more than $50,000?

Yes, but you will need to increase your deposit. Ask the gallery owner to hold your piece until your loan is approved.

What if I want to spend less than my pre-approved loan?

No problem. You can draw down just the amount you need on the day of purchase.

Can I buy more than one artwork with my loan?

Yes, as long as you stay within your approved limit. Your purchases can be from the same or different galleries, but they need to occur within your 90 day approval period.

Can I start a new loan while I’m still paying off another My ART loan?

Certainly you can, provided your new loan is approved by us. Your new loan will be entirely separate from your existing loan and will have its own repayment schedule. You can repay any My ART loan early, without additional cost. We are also able to join loans together to make payments more affordable.

Who runs the My ART interest-free loan scheme?

All My ART loans are approved and managed by Avanti Finance, a respected New Zealand finance company. The loans are provided by My ART Limited.

Why are the loans interest free?

Our partner galleries pay a nominal fee on the loan balance.

Are there any additional costs?

There are no additional costs if you meet your scheduled repayments.

What happens if I miss a repayment?

My ART needs to know as soon as possible if you are going to miss a repayment. Call Avanti Finance at any time to discuss your circumstances — (09) 571 0720. If your circumstances do change, Avanti can reschedule your loan payments, however additional costs and interest will apply. If you do not pay an amount when due we will charge interest at the default interest rate on the amount which is due and unpaid while the default continues. The default interest rate is 16%.

How do I insure my new artwork?

Your artwork will need to be covered by your contents insurance. Call your insurance company to see if it’s automatically covered or whether you have to list it as a specified item (this will often depend on the artwork’s value).