When it comes to investments, physical assets like jewellery or luxury watches are considered a stable and low-risk option. Luxury watches often make up part of a well-diversified investment portfolio.

As a bonus, luxury assets such as high-end watches can be used as collateral to secure short-term asset-based loans.

Getting a loan secured by a Rolex watch

At lamna, we offer short-term loans that are secured by a valuable asset. These asset-based loans don’t require you to disclose your income or credit rating because the asset acts as collateral. The loan amount is based on the asset’s value.

For the duration of the loan, lamna keeps the asset in a secure facility. It is returned as soon as the loan including all interest has been settled. The loan doesn’t affect your ownership of the asset nor does it affect your credit history.

What determines the loan amount we offer for a luxury watch

Rolex watches are a popular asset to use to secure a loan because the brand is highly regarded and watches retain their value even after many years. When applying for an asset-based loan using a Rolex, the watch will need to be evaluated.

Factors that affect the final valuation include the model of Rolex, the age of the watch, its rarity, the overall condition and whether you still have the original box and papers. The valuation determines how much you’re able to borrow.

What you need to get a loan against a Rolex

The process for getting a loan against a Rolex watch is straightforward and discreet. Simply contact one of our branches or start an online application.

We’ll give you a preliminary loan offer over the phone. We’ll need to see the Rolex in order to give you a final loan offer.

If you’re happy to go ahead with the loan, you must submit a completed loan agreement, proof of ownership of the Rolex (preferably an invoice), a copy of your ID and proof of address. Once finalised, the loan amount is deposited directly into your account.

Investment value of Rolex watches

The resale value of new Rolex watches in 2021 is already higher than the retail value. In fact, if you buy a new Rolex model from an authorised dealer and resell it on the secondary market, you’re sure to make a profit.

This is due mainly to how tightly Rolex controls distribution of its watches. Despite the Swiss luxury watch company making as many as a million new watches a year, it can be surprisingly difficult to buy a new Rolex.

Despite this, demand remains very high. This is good news for investors and anyone who owns a Rolex. Your luxury watch could be one of your strongest assets.

5 best Rolex watches as investments

The value of Rolex watches depends largely on the popularity of a particular model. The higher the demand, the more the resale value goes up. These trends change over time but, at least for now, these are the five best Rolex watches to look for as an investment:

• Rolex Submariner (models to look for 116610LN, 16610, 14060, 16613)
• Rolex Oyster Perpetual (models to look for 124300, 126000, 114300, 116000)
• Rolex Explorer & Explorer II (models to look for 14270, 214270, 16570, 216570)
• Rolex GMT-Master & GMT Master II (models to look for 16750, 16760, 16710, 116710LN)
• Rolex Datejust (models to look for 1601, 16013, 16233, 116233).

Where to get a loan against a Rolex

At Lamna, we offer loans on all luxury watch brands, including Rolex. The loan amounts we offer depend purely on the assessed resale value of the watches.

Why consider Lamna?

• a reputable financial services provider (registration number 46335)
• competitive interest rates that comply with National Credit Regulations
• physical branches throughout South Africa
• no hidden charges or early settlement penalties.

For more information on how to get a loan against a Rolex in South Africa, contact us on 086 111 2866 or simply complete and submit our online application form.