Seiko is a trusted Japanese luxury and performance watch brand. Its watches are highly valuable and durable, making them a solid investment.
If you own a Seiko watch and you need access to its value, you don’t need to sell it. There’s an alternative – pawning a Seiko watch to get a loan.
In this article, we cover:
Using a Seiko watch to get a loan
Many personal items of value such as a luxury watch can be used as collateral to get a loan. Lenders like Lamna specialise in these asset-based loans and lend money based on the value of a range of assets. At Lamna, we have approved loans against a wide range of luxury and high-end watches including Seiko watches.Do you want to pawn a Seiko watch? Apply online for an asset-based loan in minutes with Lamna.
How much can you get for a Seiko watch?
The loan amount is based on the current market resale value of the watch, so you can borrow up to a percentage of this amount. Lamna has approved loans against highly valuable assets ranging from a few thousand rands all the way to a few million. It depends on the value of the asset.Advantages of a loan against a Seiko watch
An asset like a Seiko watch forms part of your investment portfolio, which affects your net worth. If you end up having to sell the watch for access to funds, this diminishes your wealth. With an asset-based loan, you can leverage the value of your asset without having to break up your investment portfolio. Once an asset-based loan is repaid, the watch is returned to you and your ownership is unaffected.Easy, online application
Apply in minutes.
Discreet and transparent
100% confidential, with no hidden costs or fees.
No impact on credit score
We don’t share information with credit bureaus.
Fast access to funds
Get funds fast, typically within 24 hours.
Trusted and established
Many years’ experience with branches across South Africa.
Fully accredited
Lamna is a trusted, registered credit provider.
What are Seiko watches worth?
Seiko watches are some of the more affordable luxury watches. You can buy a sports or dress Seiko watch for under R20,000.
Its more specialised watches will set you back somewhere between R30,000 and R100,000.
A vintage Seiko could cost you a few hundred thousand rands, depending on the age, model and condition of the watch.
Seiko watches: always one step ahead of the rest
Seiko traces its roots back to Tokyo, where, in 1881, 21-year-old Kintaro Hattori opened a small shop offering sales and repairs for watches and clocks.
Eleven years later, he bought the Seikosha factory and started innovating and perfecting his watch brand. In 1924, the first watch with the Seiko name on its watchcase was debuted.
The brand has always been a balance between the Japanese aesthetic and a matchless dedication to quality.
1913: release of the first Seiko wristwatch in Japan, the Laurel.
1929: Seiko became the official supplier of the famously on-time Japan National Railway.
1959: the company developed the Diashock, a shock-resistant device that protects its watches most vulnerable parts from knocks.
1965: debut of the first Japanese diver’s watch. Seiko dive watches are highly sought after by professional divers.
1975: launch of the world’s first multi-function digital watch.
1990: Seiko made the world’s first computerised diver’s watch, the Scubamaster.
2006: launch of the world’s first e-ink watch.
130 years on from its humble origins, Seiko remains dedicated to the perfection that its founder always strove to achieve.
How to pawn a Seiko watch with Lamna
Lamna is a registered financial services provider with branches in most major South African cities. We offer collateral loans against Seiko watches and other personal items of value.
To pawn a Seiko watch with us, apply online and provide information about your watch, including any recent valuations.
Based on this information, we can offer you a loan based on the market value of your watch. If you’re happy to go ahead, simply provide ID, proof of residence and proof of ownership.
We can approve your loan and transfer the funds within 24 hours. Once the loan is repaid, we return your watch.
To learn more about pawning a Seiko watch in South Africa, contact us on 086 111 2866 – or simply apply online in minutes.
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.
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