What are the benefits of using luxury assets for collateral instead of traditional loans?

Using luxury assets as collateral for loans offers several benefits over traditional loans. These include faster approval processes, as the focus is on asset value rather than credit history. Additionally, borrowers may access higher loan amounts based on asset worth. Interest rates can be lower, and repayment terms more flexible. Plus, assets like jewelry or art remain in the borrower's possession during the loan term.

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