Getting a loan against a watch

Luxury watches are among the assets you can use to get asset-based loans – and with lamna, getting a loan against a watch in Johannesburg is a quick, simple process.

Luxury watches as assets

Certain physical assets, such as art and antiques, have long been considered good investments. Luxury watches fall in the same category. Kept in good condition, they may continue to gain in value over time.

Luxury watches from certain, respected brands are always a good investment. Some examples of these brands are Patek Phillipe, Hublot, Rolex and Tag Heuer. Vintage luxury watches, in particular, may be highly valued.

Getting an asset-based loan against a watch

The value of the loan you can use a luxury watch to get will depend on factors such as:

  • the watch’s brand and model
  • how old the watch is
  • the condition of the watch
  • the value of materials used to make and/or embellish the watch
  • whether you still have the original box and papers.

Examples of recent loan offers for luxury watches include a R75,000 loan offer on a Patek Phillipe watch and a R200,000 loan offer on a Rolex.

How it works: getting a loan against a watch

If you’d like to know what loan amount you can borrow against your luxury watch, contact us with information about the watch. We’ll be able to give you an initial offer on the spot.

If you’d like to proceed, bring the watch into our Wynberg/Sandton branch for an evaluation. We’ll confirm an offer and, if you choose to proceed, conclude the loan agreement. Paperwork is minimal; just ensure you have a copy of your ID and proof of residence.

Once the loan agreement has been signed, the funds will be transferred into your account, often before you’ve even left our offices.

We’ll then take possession of your watch. We’ll store it securely, in an access-controlled, guarded facility, for the loan period.

Benefits of asset-based loans

Securing an asset-based loan against a watch involves using your luxury watch as collateral but doesn’t affect your ownership of the watch. Once the loan and agreed interest are repaid, we’ll return your watch to you, in the same condition you left it.

Other advantages of getting an asset-based loan against a watch:

  • No minimum monthly salary is required
  • No credit checks
  • The loan won’t affect your credit score
  • Payout is usually within 24 hours
  • The application process is quick, simple and transparent.

At lamna, we offer fast, discreet loans against the value of a wide range of assets, from luxury watches and jewellery to vehicles or artwork. For more information about getting a loan against a watch in Johannesburg or elsewhere in South Africa, contact us on 086 111 2866 or simply complete and submit our online application form.

Complete our Online Application Form

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