Own Art is a national initiative, supported by Art Republic, to make it easy and affordable for anyone and everyone to buy contemporary art and craft.
Own Art loans allow you to borrow from as little as £250 up to £2,500 and pay it back over 10, completely interest-free instalments. You can choose to finance all or just part of your purchase and multiple items can be bought with one loan. The best part is that you you don't have to wait to start enjoying your masterpiece.
The first stage is the difficult bit – deciding what to buy. Once you’ve found the artwork, or artworks, that you want to buy, just let us know that you’d like to apply for an Own Art loan to finance your purchase. All you will need is proof of residence and signature - for example, a driving license. Own Art is available to all UK residents over the age of 18, subject to status. This means that you must be able to meet one of the following criteria in order to be approved for a loan:
• Working at least 16 hours a week (employed or self-employed)
• A retired person in receipt of a pension
• If you are not working but are married to or living with a partner who does meet the above criteria, then you may still apply, provided that your partner is happy for their employment details to be included on your application form.
We’ll take you through the loan application process, which normally takes about 10 minutes. Once you have given us all the information we need, you’ll get an instant decision. Once your application is approved you will need you to sign the agreement and you can enjoy your artwork right away!
You can even apply online. Just email email@example.com and we'll send you the link to complete your application from the comfort of your own home.
You will receive a welcome letter from Own Art’s finance partner Novuna Consumer Finance and following this your 10 monthly payments will be collected from your account by direct debit. This usually starts about four weeks after you’ve made your purchase.
It’s as simple as that!
1. Choose an artwork.
Please keep in mind Secondary Market artworks can't be purchased, or discounts applied.
2. Look for the Own Art logo and fill in the quick application form
3. Novuna Consumer Finance will email you a link to complete the loan application online
4. Novuna Consumer Finance let us know if the loan has been approved
5. We send the artwork to you within 14 days
6. Enjoy your art while paying your monthly instalments
Who runs Own Art?
Own Art is a Creative United programme run in partnership with Arts Council England, the Arts Council of Northern Ireland and Creative Scotland. Creative United is a registered trademark of Creative Sector Services CIC, a Community Interest Company, in partnership with our credit provider Novuna Consumer Finance.
What are the aims of the scheme?
The aims of the scheme are:
To make it easier and more affordable for people to access art, regardless of their income and socio-economic background
To enable more people to live with the art they love
To promote the presentation and sale of high-quality works of art through a network of visual arts venues and galleries across England, Scotland and Northern Ireland
To support contemporary artists by encouraging increased sales of work across a breadth of practice
Why isn't the Own Art Scheme available in Wales?
Arts Council of Wales operates a similar scheme to Own Art called Collectorplan available for the purchase of works of art and craft in over 70 galleries across Wales.
Do I have to live in England, Scotland or Northern Ireland to be eligible for an Own Art loan?
Own Art is open to all UK residents over the age of 18, subject to status.
Can I apply for an Own Art loan if I am a student or unemployed?
No -- although you may apply for the scheme as a ‘house person’ if you are living with a partner who is employed. In this instance, you must quote your partner’s employment details. Other exceptions include student nurses or part-time students (provided you have at least 16 hours per week of regular paid employment).
If the customer pays no interest on the loan, who does?
Own Art are able to guarantee a 0% rate for customers by subsidising the cost of the loan with funding from Arts Council England, Creative Scotland and the Arts Council of Northern Ireland.
Can I use Own Art to buy a piece of work directly from an artist?
No. Own Art is only available through galleries, museums and other arts organisations that have been approved by Creative United, Creative Scotland or the Arts Council of Northern Ireland as registered members of the scheme.
What sort of work can I buy with an Own Art loan?
Works of contemporary art and craft of many different kinds fall under the scheme, including sculpture, painting, photography, textiles, limited edition prints, fashion, jewellery, glass, furniture, ceramics and multimedia works – provided they’re created by a living artist.
Why can I only buy works by living artists?
That's because we want the scheme to help support the artists of today by encouraging sales of their work to new buyers.
Can I buy prints with Own Art?
Own Art is available for the purchase of limited edition prints and multiples only where the artist has produced these in an edition of less than 150.
This is because we want to ensure that prints sold on the scheme are of the highest quality and avoid our customers buying prints produced in editions of several hundred where the artist has had little or no involvement in the production of the image.
Own Art cannot be used for the purchase of Giclée prints except where the artist has used digital technology specifically in order to conceive and create an image in this media. Giclée prints that are reproductions of original images created in other media are excluded, even if they have been signed and numbered by the artists.
What is the minimum amount that I can borrow with an Own Art loan?
The minimum loan amount is £250. This can either be for the purchase of a single item, or for a group of items where the combined value is £250 or more.
What is the maximum amount that I can borrow with an Own Art loan?
Own Art loans are available from £250 - £2,500. The loan can go towards the payment of an artwork(s) that costs over £2,500 provided you can cover the remaining balance in cash or with a credit or debit card.
Can I include the cost of framing and/or delivery as part of the Own Art loan?
If we are arranging additional services for you such as framing or delivery you can choose to include these charges as part of your Own Art loan. Please make sure you have told us that you wish to do this at the start of the loan application process.
What happens if my loan application is unsuccessful?
An application for credit may be turned down by Novuna for a number of reasons. If this happens you will receive an email explaining their decision.
Do I need to pay a deposit?
No deposit is necessary when applying for an Own Art loan, although you can pay a deposit if you wish.
When will I need to make my first payment?
Your first payment will normally be debited from your account around 4 weeks after the date on which you signed the agreement. You will receive an email confirming the date.
Can I change the date of my monthly direct debit?
Yes. This is possible if you contact Novuna Personal Finance directly, once your first payment has gone through.
Can I use the scheme more than once?
Yes, there is no limit to the number of times that you can use the scheme. However, you will normally have to allow at least 4 months between loan applications in order to establish a repayment record with the finance company.
Are there any charges if I decide to pay off the loan early?
No. Own Art loans do not have early redemption charges. If you would like to pay off the loan, you can contact Novuna Personal Finance to do so at any time.