When it comes to life events like your wedding, collateral loans can help you unlock the celebration of your dreams. Did you know that the average cost of a wedding is over $36,000 in the United States? Consider metropolitan destinations like New York City, and that cost skyrockets to over $53,000. The most expensive place to get married in the U.S. is Washington DC, where the average cost of a wedding exceeds $70,000.

You already saved up to get your partner the perfect engagement ring – the average couple spends $5,200 on engagement jewelry in the United States. Now, it is time to start saving again in order to put together a celebration that truly reflects the depth, romance, and commitment of your relationship. And let’s be honest: $36,000 is an average, not a representation of the true costs of the luxury wedding that you are picturing.

So, how do you go about getting your hands on five figures… and fast? The answer might be unexpected: using a watch as collateral for loans. Sure, there are plenty of different paths to access liquidity in a speedy manner, but watch loans provide countless benefits that you simply cannot match through other lending methods. Today, we are going to take a closer look at the multitude of reasons that watch collateral loans are the perfect funding method for covering your dream wedding. Let’s dive in!

What Are Collateral Loans?

To start, we need to define collateral loans so that we are all on the same page. It is easiest to understand this concept when compared with standard personal lending methods.

Collateral loans, also known as secured loans, involve the borrower offering up a valuable asset (such as a luxury watch) as what is called collateral. This means that the borrower does not have to prove their ability to pay back the loan through credit checks, proof of income statements, and other administrative processes. Instead, the lender takes possession of the collateral throughout the duration of the loan. If the borrower defaults on the loan, the lender can sell the collateral in order to recoup their losses. This makes the loan much less risky for the lender, and the borrower reaps plenty of rewards, too.

In contrast, unsecured loans refer to borrowing without collateral. In order for the borrower to prove their likelihood of paying back the loan, they must submit to credit checks and submit proof of income. Unsecured loans are riskier for lenders, but the borrower bears the brunt of this risk in the form of higher interest rates, less forgiving repayment terms, and lower loan amount caps. However, for people who lack high-value assets, unsecured loans can be the only option.

Now that you know the difference between these two options, it is easy to see that loans secured by collateral offer a favorable structure for many borrowers. As long as you have a high-value asset to provide as collateral, you will see benefits like:

• Lower interest rates
• Higher loan amounts
• Better loan-to-value (LTV) ratio
• Flexible and forgiving repayment options
• No credit checks
• No proof of income requirements
• Concierge service
• And more!

Get Personal Loans to Fund Your Wedding

There are plenty of uses for collateral loans, and paying for your dream wedding is a perfect use case. This (usually) once-in-a-lifetime event deserves to be celebrated in style. After all, you are pledging a lifelong commitment to another person. You are hosting your closest friends and family, and putting on a party that people will remember forever… if you do it right, that is.

But frankly, expenses for a wedding can add up quickly. You will need to find a venue, which typically accounts for the largest portion of your budget (around 27%, according to The Knot). The next largest section of your budget typically encompasses catering, cake, and drinks (about 24% of your total spending, on average). There are countless other categories to account for as well: photography, videography, florals and decor, music, wedding planner, officiant, stationary, guest entertainment, transportation, rings, attire, you name it. The list goes on and on.

Remember, wedding planning is supposed to be fun! You get to collaborate with your favorite person to make a host of exciting decisions about your big day. Will you choose a band or a DJ? String quartet for the ceremony and bass-pumping DJ for the dancing, anyone?

Do you want a buffet, or would you prefer a plated dinner? Which flowers will complement the bridesmaid dresses, the table decor, and the vibes of the venue? What about invitations, and when is the right time to send them out? Are you going to give thank-you gifts to your wedding party? How are the guests getting from the ceremony to the reception, if they are not at the same place? Will you be providing a shuttle back to the hotel? Speaking of the hotel, what about the hotel block? Do you need to provide hotel options for multiple different guest budgets? And what about speeches? Who is giving one, and should someone make sure the maid of honor doesn’t get too drunk first? Will there be an open bar, and are you planning signature cocktails?

Whew! And to be frank, that is just a sampling of maybe 1% of the questions you will ask yourself during your wedding planning process. If you are feeling overwhelmed, you are not alone. These are important decisions, and it can be daunting to handle all of these choices at once. The last thing you need is the budget hanging over your head as you choose between steak or lamb chops. (Go for the open bar, and the guests won’t remember either way!)

You deserve the opportunity to choose what you really want for your wedding, and broadening your budget a little (or a lot) through collateral loans is the perfect way to make your dream become a reality. Go for the calla lilies, and do not be afraid to splurge on the crab cake appetizer. Trust us, your guests will thank you.

Watch Loans: The Key to Your Dream Wedding

So how do collateral loans work?

1. You will fill out our online form to get a preliminary appraisal. You will share information about and images of your watch so that we can determine if it is a good fit and give you an estimated range of your loan amount.
2. If you want to move forward, you will send in or drop off your watch to our New York City headquarters. Then, we will appraise the watch in person, determining its market value.
3. We will provide you with a loan offer of up to 80% of that value. You will get a chance to take a look at our loan offer and sign the loan agreement if it suits you.
4. Once you have signed the loan agreement, we can often wire you the money in as little as 24-48 hours. Talk about fast cash!

Seriously, it is that easy. When you take out collateral loans with AMETA Finance Group using your watch, we will make sure you get the best bang for your buck. Start your wedding planning journey off on the right foot when you grow your budget with secured watch loans through AMETA.

Celebrate in Style With Collateral Based Loans

When you work with AMETA Finance Group to get your hands on high-end watch loans by leveraging your luxury timepieces, you can feel 100% confident that you are getting the best service, value, and security on the market. Our highly trained team has partnered with Manhattan’s own trusted watch seller, Avi & Co., who brings years of experience in the luxury watch and jewelry industry to the table. Our reliable appraisals ensure that you know the true value of your asset. We lend against a variety of elite brands such as Rolex, Audemars Piguet, Richard Mille, Patek Philippe, F.P. Journe, Lange & Söhne, and many others.

Ready to unlock the cash you need fast?

Submit this short form to get a preliminary estimate of your watch’s value from our team.