Ameta FAQ

AVI & CO.® HAS PARTNERED WITH AMETA TO OFFER DIFFERENT OPTIONS FOR OUR CLIENTS TO OBTAIN INSTANT CAPITAL WHEN BORROWING AGAINST THE VALUE OF THEIR TIMEPIECE(S).

IS AN APPOINTMENT NEEDED?We are available both in-person and virtually for our clients. Our loan application & loan closing process can be done completely online if preferred. If you would like to visit our New York City office no appointment is required, however, it is best to schedule an appointment to make sure one of our loan specialists is available to assist you.
WHAT IS COLLATERAL OR LUXURY ASSET-BASED LENDING?Collateral or asset-based lending is a type of lending where a borrower pledges an asset(s) as collateral to secure a loan. In this type of lending arrangement, the market value of the assets provided as collateral determines the amount of the loan that a borrower can receive. There is no need to rely on a borrower’s creditworthiness or income as the loan is secured by the collateral.
CAN I STILL SELL OR CONSIGN MY WATCH IF I BORROW FROM AMETA?Absolutely! Thanks to our partnership with Avi & Co, we have access to a large marketplace of potential buyers for your time piece. If you wish to sell your time piece for top dollar, but don’t have the luxury of waiting, Ameta is the solution for you. Through our consignment partnership, Ameta can provide immediate capital through our collateral lending platform, while providing the option to consign & market your time piece with Avi & Co. Being able to offer this value-added service gives you access to one of the most well-known secondary market dealers in the industry. This includes their online storefront, along with their robust network of industry professionals and luxury watch enthusiasts. The option to consign your time piece for sale through Avi & Co. is entirely up to you, and no deal will be finalized without your explicit approval.
HOW DOES THE LOAN PROCESS WORK?To start the collateral loan application process, simply book an appointment to come in person or complete and submit our online loan application. It is important to make sure you include pictures of the time piece as part of your online application. If you agree to the initial loan offer and lending terms, a fully insured pre-paid shipping label to protect the time piece during transportation will be sent to you. Once the watch is received by Ameta, a full appraisal will be conducted, and a formal written offer will be provided to the borrower. If the loan terms are accepted, a formal contract will be sent to the borrower for signature. As soon as the contract is signed, funding of the loan will be provided via wire transfer to your bank account within 24-48 hours. Your valuable time piece will remain securely stored in our state-of-the-art industry vault until all terms of the loan have been satisfied and it is returned to you.
WHERE WILL MY ASSETS BE STORED WHILE IN AMETAS POSSESSION?All assets in our possession will be fully insured and stored in a state-of-the-art vault protected by a state-of-the art alarm system located within the renowned NYC diamond district in our office.
HOW DO I QUALIFY FOR A COLLATERAL LOAN WITH AMETA?To qualify for a loan with Ameta, a borrower must be at least 18 years of age and provide a valid U.S. Government issued ID, such as a passport or driver's license. The watch must also be owned by the individual looking to leverage it as collateral. There are no minimum credit score requirements, as we do not perform any credit checks during the loan application process.
HOW DO YOU DETERMINE THE MONTHLY PAYMENT FOR MY COLLATERAL LOAN?There are many factors that go into determining the monthly payment for a collateral or asset-based loan. Factors such as the current market value of the time piece, term of the loan, and amount of the loan will be considered when putting together an offer sheet. However, the monthly interest rate will never exceed 4% per month. We are a bonded and licensed through the New York City DCWP and therefore, remain strictly in compliance of the required lending standards.
HOW WILL I RECEIVE FUNDING FOR MY APPROVED LOAN?When loan terms are agreed upon and a contract is signed, capital will be provided to you via wire transfer within 1-2 business days.
HOW QUICKLY CAN LOAN FUNDING BE PROVIDED?Normally funding can be provided within 24 hours from when contract is executed, except for a holiday or weekends, as wire transfers do not process on such days. If this is the case, funding will be provided within 1-2 business days.
WHAT ASSETS DO YOU ACCEPT AS COLLATERAL FOR MY LOAN APPLICATION?We are able to loan against most major luxury watch brands. Please visit click here for a complete list of watch brands we are able to lend against.
HOW LONG DOES IT TAKE TO REVIEW AND APPROVED MY LOAN APPLICATION?While we will never rush you to decide on borrowing with Ameta, however, our initial appraisal & offer can be provided in as little as 1 hour. If you are looking to move through the loan process as quickly as possible, we advise that you come in person for a consultation, but please make sure to bring the watch, the watch box, and original papers if available.
HOW DO YOU APPRAISE THE VALUE OF MY ASSETS?Factors such as the current market value of the time piece, term of the loan, and amount of the loan will be considered when putting together an offer sheet. If you are in possession of the original box and papers for the time piece, that will allow us to appraise the watch at the highest value. Please make sure you indicate this when submitting your application.
IS AMETA CONSIDERED A BANK?No, we are not a bank. We are a lending company that provides capital through the use of your assets as collateral. This allows us to provide you with flexibility on loan terms, as well as the level and speed of service we strive to provide our clients.
HOW DOES A LOAN WITH AMETA IMPACT MY CREDIT? DO I HAVE TO HAVE A GOOD CREDIT SCORE?Applying or taking out a loan with Ameta will have no impact to your credit score as we do not perform any hard inquiries on your credit. There is no minimum credit score to be approved for a loan with Ameta.
HOW DO I MAKE A MONTHLY PAYMENT TOWARD MY LOAN?Payments are made electronically through ACH automatically on the payment due date indicated on your contract. As part of the loan closing process, you will complete an ACH Authorization Form. This is the preferred method of payment. You may also provide us with a credit card as an alternative form of payment by completing our Credit Card Authorization Form.
WHAT HAPPENS WHEN THE LOAN TERM ENDS, AND I HAVE PAID OF MY COLLATERAL LOAN?At the end of your loan term when all outstanding balances have been paid, there will be a couple of options: - You can pick up your time piece at our office location in person, or request that we ship it to you. Your time piece will be fully insured during shipment. If your preference is to pick your watch up at our office, we kindly ask that you provide us with 24 hours’ notice. - “Renew” or extend the loan. If you would like to renew your loan with Ameta, we will have you, the borrower, sign an extension request form or write a new contract. - If your preference is to leave your time piece with us to store or have on site to provide an ongoing line of credit, we offer this as a service to you as well.
DO YOU BUY LUXURY ASSETS?Yes, through our partnership with Avi & Co. we are able to purchase your luxury time piece.
HOW DO I GET STARTED?If you are interested in applying for a collateral loan with Ameta, please fill out a click here to initiate the process.
DO YOU PROVIDE ANY OTHER SERVICES?Yes, absolutely! Through our exclusive partnership with Avi & Co, we are able to market your time piece for sale through access to their marketplace and robust network of relationships throughout the luxury market.

GET A QUOTEFill out our short and easy form with details about your watch, and one of our representatives will reach out with an estimated quote.
SHIP US YOUR WATCHWe provide a fully insured shipping label. Once we receive your watch, our experts will inspect your watch's condition and authenticity. Then we will provide you with a formal offer.
GET PAID!Upon accepting our terms, a loan agreement will be presented and must be signed. Once completed, payment will be distributed via electronic transfer.
RECEIVE YOUR WATCH BACKLoan terms available up to 15 months. Once the full amount in your loan agreement and and any ouitstanding interest and fees have been paid, your watch will be shipped back, fully insured for next day priority shipping.