Pawning a Rolex Watch in South Africa

Pawning a Rolex Watch in South Africa

Pawning a Rolex watch in South Africa gives you access to the value of your luxury watch, without having to sell it.

With Lamna, pawning a Rolex watch in South Africa is fast, discreet and straightforward. It makes it possible to unlock the value of your luxury watch, without having to sell it.

Jump to sections to find out more:

Interested in pawning a Rolex watch? We offer fast, discreet short-term loans against luxury watches. Apply online in minutes.

Rolex Oyster Perpetual Sea-Dweller
Rolex Oyster Perpetual Sea-Dweller (Rruegger at en.wikipedia, CC BY-SA 3.0, via Wikimedia Commons).

How to pawn a Rolex watch in South Africa

Pawning a Rolex watch in South Africa is fast and simple. Start by applying online and giving us details about your watch, including any valuations it’s had.

We will make a preliminary offer based on this information. If you’re happy to go ahead, you’ll bring the watch to our offices where we can finalise the loan.

We store your watch securely for the duration of the loan. Once the loan is repaid, we return the watch and your ownership is unaffected.

Why use Lamna to access funds

An asset-based loan from Lamna has a number of potential advantages over traditional loan options such as bank loans.

Easy, online application

Apply in minutes.

Fast access to funds

Get funds fast, typically within 24 hours.

Discreet and transparent

100% confidential, with no hidden costs or fees.

No impact on credit score

We don’t share information with credit bureaus.

Trusted and established

Many years’ experience with branches across South Africa.

Fully accredited

Lamna is a trusted, registered credit provider.

How much you can borrow against a Rolex watch

Rolex watch loans are based on the current market resale value of the watch. This means the loan is no more than a percentage of this value.

The more valuable your Rolex, the more you can borrow against it. This is how investors can use luxury watches to get substantial collateral loans.

Pawning a Rolex Watch in South Africa
Rolex Oyster Perpetual GMT-Master II (Bsodmike at English Wikipedia, CC BY 3.0, via Wikimedia Commons).

When pawning a Rolex watch in South Africa is a good idea

A loan against a luxury asset could help you bridge a cash flow gap, cover unexpected costs or take advantage of an opportunity you’d otherwise miss out on.

This type of loan is designed to meet a short-term need for funding.

Like any loan, it’s a good idea only if you know and understand the loan terms, and are confident you’ll be able to meet them.

At Lamna, we take pride in ensuring that our loan agreements are completely clear and transparent. Our consultants explain all aspects of our loan terms before any agreement is signed. Please always ask questions if there is anything you need to clarify.

Rolex Daytona in Stainless Steel, Cosmograph 6263
Rolex Daytona in Stainless Steel, Cosmograph 6263 (Rastapopoulos at English Wikipedia, Public domain, via Wikimedia Commons).

Some interesting facts about the Rolex brand

Rolex is arguably the world’s best-known and most loved luxury watch brand. It was founded by Hans Wilsdorf in 1905.

A few fun facts about the brand:

  • The name “Rolex” was invented. After trying many combinations of letters, Wilsdorf said “a genie” whispered the name to him while he was riding an omnibus in London.
  • Rolex wasn’t started in Switzerland. In fact, it was founded in London. In 1919, the company moved to Geneva, where it became the luxury Swiss brand we know today.
  • In 1926, Rolex made its first waterproof and dustproof wristwatch, the Oyster – named for its hermetically sealed case.
  • The Rolex watch has been the choice of many adventurers, including racing driver Sir Malcolm Campbell and mountaineer Sir Edmund Hillary.
  • In 2005, Rolex created the Parachrom Bleu hairspring, which is unaffected by magnetic fields and is up to 10 times more resistant to shocks than a traditional hairspring.

Discreet asset-based lending with Lamna

Lamna is a well-established and properly registered financial services provider, with branches across South Africa. We are proud to have assisted over 11,000 individuals and businesses, advancing over R2 billion since 2015.

We offer loan terms that are transparent and fair, and our interest rates are competitive.

For more information about pawning a Rolex watch in South Africa, contact us on 086 111 2866 or simply complete and submit our online application form.

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

APR & Loan Repayment Period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.

Non-Payment

Non-payments may result in the matters being escalated.

Renewals

All accounts may be renewed if they are up to date.

Collection

All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.

Pawning a Rolex Watch in South Africa

Apply Online

Hidden

Pawning a Rolex Watch in South Africa

Apply Online

Hidden

Pawning a Rolex Watch in South Africa

Apply Online

Pawning a Rolex Watch in South Africa

Apply Online

Hidden