Getting a Loan Against a Luxury Watch in Gaborone

Getting a loan against a luxury watch in Gaborone, Botswana is quick and easy, with Lamna.

If you own a luxury watch, such as a Rolex, Breitling or Patek Philippe, you can use it to secure funds – without having to sell the watch. You can also get the funds almost straight away, with no time-consuming approval processes or delays.

The intrinsic value of luxury watches

Luxury watches are elegant timepieces and desirable investment assets. Rolex watches, in particular, have outperformed traditional investment classes, including gold, shares and property.

Worldwide, surging demand for new and pre-owned timepieces has outstripped supply.

The demand doesn’t appear to be slowing. According to a 2021 report by McKinsey, the projected value of the pre-owned luxury watch market is expected to exceed US$30 billion by 2025.

What determines the value of a luxury watch?

Key factors used to determine the value of a high-end watch include brand, model, condition, age, rarity and provenance.

At Lamna Botswana, we consider these factors when assessing a watch’s value. The loan amount is based on the asset’s appraised value.

Borrowing against a luxury watch in Gaborone

Getting a loan against a luxury watch in Gaborone is quick and discreet. It involves a few easy steps:

• You tell us about the watch over the telephone or via our online application form.
• We make an initial offer of a loan, which can be accepted or rejected.
• You bring the watch to our offices in Gaborone for a physical appraisal.
• If all is in order, we draw up a loan agreement, detailing the rate of interest, the origination fees and the repayment term.
• The agreement is signed, the watch is handed over and safely stored, and the money is transferred into your bank account.

At the end of the loan term and once you have paid back the borrowed funds plus interest, the watch can be collected at our Gaborone branch.

Luxury watch brands accepted as collateral

At Lamna Botswana, we accept a wide range of watches manufactured by luxury brands. The loan amounts we offer depend exclusively on the appraised resale value of the watches.

Among the world’s best known luxury watch brands are:

• Omega
• Patek Philippe
• Piaget
• Richard Miller
• Rolex
• TAG Heuer
• Vacheron Constantin

Why consider an asset-based loan?

Asset-based loans are easy to qualify for, regardless of financial status, income or credit rating.

Anyone who owns an expensive asset, such as a luxury watch or a fully paid-up vehicle, is eligible to borrow money through Lamna Botswana.

Loans are processed quickly and we don’t share client or transactional information with credit agencies.

A luxury watch loan has no impact on your credit score or the ability to borrow money and apply for credit again in the future.

When you borrow money against a luxury watch, you only have to part with it for a short time. It can be used repeatedly to release funds if you need them for unexpected emergencies.

How to contact Lamna Botswana

At Lamna Botswana, we offer fast, discreet loans against the value of a wide range of assets, from luxury watches and jewellery to vehicles and valuable works of art.

If you’re interested in getting a loan against a luxury watch in Gaborone, simply complete and submit our application form. Our office is adjacent to the Avani Gaborone Resort and Casino at 2644 Phuti, Gaborone.