With Lamna, pawning a TAG Heuer watch in South Africa is fast and convenient. It makes it possible to unlock part of the value of the watch, without having to sell.
What does pawning a TAG Heuer watch involve?
When you pawn a TAG Heuer watch, you offer it as collateral for a short-term loan. In other words, the lender retains it as security against the loaned amount.
This type of loan doesn’t affect your ownership of the asset. Once the loan agreement has been fulfilled, the watch is returned to you in its original condition.
It also doesn’t affect your credit history. This makes it a very fast and discreet way to borrow money.
Asset-based loans like this are one way that investors and collectors are able to access the value of their physical assets without having to sell them.
How much can you borrow with a TAG Heuer watch?
The loan amount is determined by the current market resale value of the TAG Heuer watch. The maximum loan will be a percentage of this value.
The more the watch is worth, the more you’ll be able to borrow against it.
TAG Heuer watches range from about R50,000 to as much as half a million rands or more depending on the materials, functions and age.
Why use Lamna to access funds?
Pawning a TAG Heuer watch with Lamna offers many advantages, especially when compared with traditional unsecured 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.
Interested in pawning a TAG Heuer watch? We offer fast, discreet short-term loans against luxury watches. Apply online in minutes.
When pawning a TAG Heuer watch is a good idea
Asset-based loans are short-term loans, so they need to be repaid with a few months or a year at the most.
This makes them suitable for temporary cash-flow issues, taking advantage of a once-in-a-lifetime opportunity or covering an unexpected bill.
The last thing you want is to lose a valuable asset, so only pawn a TAG Heuer watch when you’re sure you can comfortably repay the loan within a few months.
If you have any concerns about pawning a TAG Heuer watch, our consultants can walk you through our loan agreement to ensure you know what to expect.
What makes TAG Heuer watches so valuable?
TAG Heuer is a Swiss luxury watch brand that was founded in 1860 by Edouard Heuer in St-Imier, Switzerland.
The company was known as Heuer for many years before adopting the name TAG Heuer. TAG stands for Techniques d’Avant Garde.
TAG Heuer’s reputation has always been one of luxury and style paired with incredibly accurate timekeeping.
In 1882, it made its first pocket watch chronograph, which later led to the creation of a pocket watch that could start and stop timing using just one button.
In 1916, it developed a stopwatch capable of measuring to 1/100th of a second. From 1920 to 1928, it was the official timekeeper of the Olympic Games.
With its incredible reputation for accurate time keeping, TAG Heuer became synonymous with motor racing, especially Formula 1. Siffert, Rindt, Senna and McQueen all wore TAG Heuer watches.
TAG Heuer remains one of the most coveted luxury watch brands in the world, with many celebrity brand ambassadors, including Brad Pitt and Lewis Hamilton.
How to use a TAG Heuer watch to get a loan with Lamna
To get a loan against a TAG Heuer watch, simply complete an application online, providing us with details of the watch. It’s helpful if you include any recent appraisals.
Based on this information, we’ll make a provisional loan offer. If you choose to proceed, we’ll ask that you bring us the watch for appraisal and conclude a loan agreement.
During this process, we’ll explain all terms clearly and answer any questions you might have. We’ll also request proof of ownership for the watch, such as an invoice, as well as proof of your address and your ID.
Once a loan agreement is signed, the funds will be transferred via EFT to your account within 24 hours.
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 using an asset to secure a short-term loan, contact us on 086 111 2866 or simply complete and submit our online application form.
Please note, our loans start at a minimum of R10 000 against Tag Heuer watches. Watches deemed as not meeting sufficient value may not be eligible for a loan.
COMPLETE 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.