Lamna is the leading luxury pawnbroker in Johannesburg. Since 2015, it has advanced more than R2 billion to South African individuals and businesses.

What is a luxury pawnbroker?

A luxury pawnbroker is a niche finance provider. It specialises in offering short-term loans in exchange for premium pre-owned assets.

High-end valuables such as gold and diamond jewellery, designer handbags, luxury watches and collectable cars are accepted as loan collateral.

Johannesburg pawnbroking

Lamna Johannesburg is a key pawnbroker operating in the luxury asset space. It assists all South Africans who have proven ownership of authentic valuables.

Loan applications are processed remotely. Asset appraisals, handover of collateral and paperwork are conducted at a central location in Wynberg, Sandton.

Contact details for the Lamna Johannesburg branch are as follows:

Lamna Johannesburg: 086 111 2866
24 6^th Street, Wynberg, Sandton
info@lamna.co.za

Global growth in high-end pawnbroking

People have pawned their valuable possessions to access cash for as long as valuables have existed.

Over the past 15 years, high-end pawnbroking has established itself as a new market and has grown at a phenomenal rate, worldwide and in South Africa.

What’s driving the popularity of luxury pawnbroking?

Factors that have led to massive growth in luxury pawnbroking include:

The rise of e-commerce

The e-commerce market in South Africa is booming. As reported in Businesstech, transaction values increased from R200 million in 2019 to R500 million in 2021. By 2025, the market value is projected to reach R400 billion, on the back of one billion-plus transactions per year.

Retail sales account for much of the growth. A greater number of South Africans are purchasing expensive merchandise online – and using it during the lean times to raise capital from luxury pawnbrokers.

Changing attitudes to money and lending

Since the credit crunch of 2008, there has been growing readiness to move away from traditional banks and investment houses to more “democratic”, online platforms for funding.

There has also been a marked change in the demographics of the luxury asset market. Investors are growing younger. According to consulting firm Bain & Company, millennials will account for 40% of the global personal luxury goods market by 2025.

Changing attitudes to luxury personal assets

Designer goods are no longer purely must-have personal accessories and adornments. They’re desirable financial assets integral to a balanced investment portfolio.

That, together with the fact that trade in pre-owned luxury goods is skyrocketing online, means more people have access to a market that was once the exclusive domain of the wealthy.

Global management consulting firm McKinsey & Company predicts that by 2025, nearly one-fifth of personal luxury sales will occur online.

Financial pressures and high volatility

Across the board, South African businesses and households need flexible access to funding. Getting loans for luxury items is a fast, convenient way to bridge cash-flow gaps.

It also makes it possible to take advantage of wealth-building opportunities when they arise.

Getting a loan against luxury items in Johannesburg

Advantages of raising capital through the number one luxury pawnbroker in Johannesburg are:

• competitive interest rates
• flexible repayment terms
• limited paperwork
• no credit checks
• funds within 24 hours
• goods insured and securely stored
• low-risk.

Call or WhatsApp Lamna Johannesburg now or apply for an instant cash loan against luxury assets online.