Why Get an Asset-Based Loan in Botswana?

asset-based loan in botswana


Even with the best financial management, unexpected costs can crop up without warning. Asset-based loans are a quick, simple and discreet way to get access to funds when you experience cash-flow issues.

What is an asset-based loan?

An asset-based loan is a short-term loan that is based on the value of an asset, such as a vehicle or valuable antique, rather than an individual’s salary or credit score. This makes asset-based loans the quick and discreet option when securing emergency funds.

Here are some of the advantages that an asset-based loan has over a traditional bank loan:

  • no credit checks are required
  • the loan won’t affect your credit score
  • the application process is easy, transparent and discreet
  • no minimum earning amount is required
  • being unemployed or under debt review doesn’t make you ineligible
  • you can typically access the cash within 24 hours.

Why an asset-based loan?

Asset-based loans are often the quickest and most hassle-free option when it comes to securing funds.

For example, consider the case of Mr Modise (name changed for confidentiality), who recently needed to replace the large-format printer at his signage factory. The printer had broken down but was needed to complete a job for an important client – and the deadline was the end of that week.

To get the job done, Mr Modise would need extra funds within 24 hours. A traditional bank loan would have taken too long to secure. Instead, Mr Modise used one of his company’s paid off delivery vehicles as collateral for an asset-based loan.

He got the cash he needed in less than 24 hours, got the client’s work done and – as soon as the loan and agreed interest were repaid – he got back the delivery vehicle.

When else to consider an asset-based loan in Botswana

There are a number of scenarios in which an asset-based loan may be the best loan option.

Business loans

Business often run into financial difficulties, especially in the early years. If your business has hit a rough patch, an asset-based loan may help you pay bills and salaries until cash flow stabilises again.

Loan for medical bills

A common unexpected expense is a medical bill from a sudden injury or illness. No one can plan for one of your kid’s breaking their arm or an elderly parent needing an expensive scan or treatment. An asset-based loan may help you secure the funds needed to cover medical expenses.

Loan for car repairs

Car repairs tend to come out of the blue and can be a major issue if you rely on your car to get to work. An asset-based loan gives you the ability to cover the cost of repairs up front and then pay it off over time so your ability to earn money isn’t affected.

Loan for house maintenance

If you own your own home, skimping on maintenance definitely isn’t something you want to do. Neglecting house maintenance can lead to more expensive issues further down the line and will negatively affect the value of your property. Rather use an asset-based loan to stay on top of things.

Asset-based loans from lamna Botswana

At lamna Botswana, we offer fast, discreet asset-based loans against the value of a wide range of assets, from luxury watches and jewellery to vehicles or artwork.

There are no hidden costs, our interest rates are competitive and the application process is simple and transparent.

For more information about using an asset to secure a short-term loan, contact us on 71 388 088 or simply complete and submit our online application form.


Complete our Online Application Form