Art Funding Application Form

Aspire Art Auctions has partnered with Bidvest Bank to bring an exciting new finance product to the art market, targeted at art collectors and buyers looking for a credit plan to finance their purchases The product will help fund prospective art acquisitions at auctions, as follows:

  • Bidvest Bank will provide funding for a portion of the total value of the final bid;
  • Applicants submit a funding application on the Aspire page, and Bidvest Bank will conduct a credit check and accept or decline the application based on normal credit criteria and compliance with FICA requirements;
  • Bidvest Bank will endeavour to maintain a 24-hour turn around for approvals;
  • Repayment options and periods will vary from “Bridging Finance” of three months (a minimum period which will attract a higher interest rate), to “Term Loans” of up to 24 months (the maximum period which attracts a lower interest rate);
  • Depending on the terms of the agreement, the artwork will be retained by Aspire until the debt is settled.

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  • Section A - Personal Details

Bidvest Bank Limited (Reg No 2000/006478/06) is a licensed financial services and registered credit provider, NCRCP17.