If you need funds quickly and know you’ll be in a position to repay a loan and monthly interest over an agreed term, pawning a luxury watch is an ideal option.

Using a watch for an asset-backed loan allows you to unlock its value without having to sell it.

We accept a wide variety of watches. You’ll get the best loan offer from high-end, reputable brands that retain their value, have enduring appeal and a strong resale market.

Luxury brands include Rolex, Patek Philippe, Audemars Piguet, Omega, Breitling, Cartier, TAG Heuer, Vacheron Constantin, Jaeger-LeCoultre and Richard Mille.

Yes. Many luxury watch brands, including Cartier, Omega and Rolex, offer battery-operated models.

To get the best loan offer, ensure the battery is working and the watch is clean and fully functioning.

Our experts use a multi-step approach to verify watches for authenticity. This includes checking for proper branding and engravings, examining the movement and materials, and confirming serial numbers against databases.

For example, we check the correct script is used on the watch face, the secondhand sweeps as it should, and logos are properly aligned. We open the back of the watch to check the movement, verify parts and look for internal markings.

Your watch will be stored in a completely secure location with strict access control.

Once you have repaid the loan amount and agreed interest (which is charged in line with the National Credit Act), your watch will be returned to you.

The main advantage of pawning a watch is that you have quick access to funds. Once you have repaid the loan and interest, the watch is returned, and you get to keep it. It can be used multiple times to secure a loan.

If you sell a luxury watch, you may get more than the loan amount, but once it’s sold, it’s gone. It takes time and considerable effort to achieve a fair price for a valued timepiece.

At Lamna, we offer loans ranging from thousands to millions of rands.

The loan amount we offer for a watch is based on the value of the timepiece you supply as collateral. Find out more here.

It’s important to do some checking before you proceed with a loan against a watch. Sadly, not all loan providers are reputable. See our article on how to choose an online lender in South Africa.

At Lamna, we take pride in the trust we’ve built with our clients. Our company has been operating in South Africa for many years, and has physical branches in Cape Town, Gqeberha, Sandton and Durban, as well as Gaborone in Botswana.

We are a registered credit provider (registration number NCRCP7428). Find out what that means or look us up in the NCR database by doing a search here.