Getting a Loan Against Fine Art in Gaborone

loan against fine art

Getting a loan against fine art in Gaborone, Botswana, is a fast and increasingly popular way to access funds.

It makes it possible to unlock the value of fine art collections or prized individual pieces without having to sell.

Growing popularity of loans against fine art

Worldwide, the last few years have seen a marked increase in the use of fine art pieces and art collections as collateral for loans. Many lenders saw increases of up to 30% in loan requests in 2020 compared with 2019.

The majority of people requesting loans are entrepreneurs who have capital tied up in art. They want to release that capital for other uses, both business and personal.

How to get a loan against fine art in Gaborone

The process of getting a loan against fine art in Gaborone with Lamna Botswana is fast, straightforward and extremely discreet. There’s no complex paperwork or credit checks. You don’t need to show us proof of income.

Simply contact us using our online application form and send a picture of the artwork. Tell us as much as you can about it.

An expert will value the piece. This will determine the value of the loan we can offer. We’ll make an initial offer on the phone.

If you choose to accept it, you’ll come to our offices with the art piece. Our expert will inspect it. If all is in order, we’ll finalise the agreement and transfer the funds to you immediately.

What you’ll need

The only items you’ll need to present are:

  • proof of ownership of the item (ideally an invoice)
  • your ID
  • proof of address.

What determines the loan amounts we offer for fine art?

The current market value of a piece of fine art determines how much we offer you in a loan. We offer you a percentage of the current market value.

Market value is determined mainly by the price that the artist’s recent pieces have sold for. Our experts have an in-depth knowledge of the art world and how much an item is likely to fetch.

Fine art by renowned and established artists is considered a stable investment. Their works are hugely popular and often sell for considerably more than estimates at auction.

The value of works by South Africa’s most prominent artists, such as Irma Stern, Gerard Sekoto, Maggie Laubser and Vladimir Tretchikoff, are incredibly bankable.

Why get a loan rather than selling fine art?

There are many advantages of using fine art as collateral to secure funds rather than selling your precious pieces.

Fast access to funds

You can get a loan from Lamna Botswana fast and discreetly – usually within 24 hours. It can take months to sell a painting. If you need capital quickly, there’s no guarantee you’ll find a buyer and sell your prized artwork for its real value.

Retain ownership of art

If you get a loan against a piece of fine art, you still own the piece. After the loan and interest are repaid, the art is returned to you. If you sell it, the artwork has gone for good.

Future capitalisation

If you don’t sell an artwork, it can be used multiple times as collateral against loans. Once a loan and interest are repaid, the artwork is returned to you. This means it can be kept in your prized collection or as part of your legacy.

Thriving visual arts in Botswana

Increasingly, Botswana’s visual artists and sculptors are gaining recognition abroad. Art from Africa is particularly popular in the United States. Local art has become an increasingly valuable investment.

Works by artists such as Amantle Ntima, Bakang Ramogojwana, Caroline Kefilwe Sentsho and Tshepo Gouwe are sought after.

Loans against fine art from Lamna Botswana

There are many advantages of getting a loan against your fine art from Lamna Botswana, including:

  • discreet and professional
  • no credit checks
  • minimal paperwork
  • loan paid within 24 hours.

Testimonials from clients are tributes to our service.

“Your turnaround speed was unbelievable. I’ll definitely be using you in the future.”

“Thank you Lamna. If it wasn’t for you, I would not have been able to make my payroll.”

You managed to make an awkward circumstance simple and professional. Thank you.”

For more information about getting a loan against fine art in Gaborone, contact us on 71 388 088 or simply complete and submit our online application form.

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