With branches countrywide and many years in operation, Lamna is SA’s leading lender against Rolex and Patek Philippe watches.
What’s special about Rolex and Patek Philippe?
Wristwatches by Rolex and Patek Philippe are synonymous with performance, quality and style. They’re aesthetically appealing, precision timepieces worn by royalty, statesmen, actors and sports stars.
Rolex is renowned for producing regular updates of iconic tool watches, like the Submariner, Daytona Cosmograph and Explorer.
Patek Philippe creates unique and complex pieces with advanced mechanical features.
Both release new, exciting and innovative models each year. These watches typically increase in value, so they’re excellent long-term investments.
In the past 10 years, Rolex has outperformed shares, property and gold. Here are the numbers that show why they make good investments:
- 7 to 8% – the average year-on-year increase of Rolex watches as of January 2023.
- US$31 million – the price paid for a Patek Philippe Grandmaster Chime in 2019 – a new world record for a luxury watch at auction.
- US$9.7 billion in sales – Rolex’s annual revenue in 2022, generating a 29% market share.
- US$1.88 billion – paid for 68,000 units by Patek Philippe over the same period.
- US$48,500 (R900,000) – the average price of a second-hand Rolex Daytona in March 2022.
- 800,000 – the number of watches produced by Rolex each year. Even then, demand far outstrips supply.
High-end luxury watches, like those from Rolex and Patek Philippe, are assets of value and, as such, can be either sold or used to secure asset-based loans.
What makes Lamna a leading lender against luxury watches?
Lamna offers quick cash loans against luxury watches and other moveable assets. Transactions are initiated online, funds are available within 24 hours, and no credit checks or financials are required to support the application.
Here’s why Lamna is considered the best option for collateralised short-term loans in SA:
Specialist in personal asset-based loans since 2015: Lamna has a well-established track record as an alternative finance provider in South Africa. To date, the company has processed loans valued at more than R2 billion.
A focus on luxury assets: Lamna focuses on luxury asset classes, a highly specialised niche in the South African lending market.
Branches countrywide: an online platform and centralised call centre is supported by a nationwide network of physical branches.
A reputable company with proper accreditation: Lamna is a trusted credit provider registered with the National Credit Regulator, South African Police Services and The Bridging Finance Association of South Africa.
What you need to secure a loan
A luxury watch that you own must be handed over to secure the loan, together with one or more documents proving ownership – an invoice, receipt or proof of purchase.
The watch is insured and kept in a secure location. It’s returned to you on completion of the loan repayments.
To conclude the transaction, we need a copy of your ID and a utility bill, bank statement or other document to verify your current address.
A Lamna branch near you
Once the initial asset appraisal and loan amount is conveyed to you online or over the phone, an appointment is set up at a Lamna branch near you:
The Rolex or Patek Philippe watch is handed over, the agreement drawn up and signed, and the borrowed funds are transferred into your bank account.
For more information about using a Rolex or Patek Philippe watch to secure a short-term loan, contact us on 086 111 2866, send a WhatsApp or apply for a loan against a luxury watch online.
ILLUSTRATIVE EXAMPLE
Client borrows R10,000 for 90 days.
Loan Amount | Repayment Period | Monthly Interest | Total Cost of Loan | Initiation Fee | Monthly Fee | APR |
|---|---|---|---|---|---|---|
R10 000 | 3 months | R500.00 | R2 914.50 | R1 207.50 | R569.00 | 60% |
Fixed rates range from 36% to 60% APR and payment terms range from a minimum of 3 months to a maximum of 24 months. Apart from the initiation and monthly fees shown in the table, the only additional fee is credit life insurance if the borrower does not have this already.
Related posts
The Luxury Watch Market in South Africa
The luxury watch market in South Africa is booming. In this article, we look at current and future statistics to help inform your luxury watch investment.
Rolex Watch Prices in South Africa, 2025
How much you can expect to pay for an authentic Rolex watch in South Africa in 2025, with recently updated Rolex watch prices.
Pawning a Patek Philippe Watch in South Africa
Get a loan against a luxury watch from Lamna. Pawning a Patek Philippe watch in South Africa is a discreet way to get fast access to funds.