How To Pawn Jewellery in Gaborone: Getting the Best Price

pawn jewellery

Wondering how to pawn jewellery in Gaborone, safely and so you get the best price? At lamna Botswana, we can help.

We offer short-term loans against the value of jewellery or other high-value assets. This is one of the simplest, fastest and lowest-risk ways to get cash.

When pawning jewellery can help

Unexpected expenses are part of life. Medical bills, car repairs, cash-flow issues and home maintenance are all expenses that may be unplanned but have to be paid quickly.

Getting a quick, short-term loan may be a solution.

A valuable piece of jewellery such as a diamond ring can be used as collateral for an asset-based loan. The lender keeps the jewellery and, once you’ve repaid the loan and agreed interest, the jewellery is returned to you.

This type of loan isn’t subject to the same approval requirements as a bank loan because it’s secured by the value of the jewellery.

Typically, you can have access to the loan funds within 24 hours or less from when you apply.

How to find a legitimate pawnbroker in Gaborone

To avoid being scammed or overcharged, look for a pawnbroker that is registered with the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).

If a loan provider isn’t registered, is operating from a rundown building or has no fixed address, it may be a sign that it’s not a legitimate business.

At best, a disreputable pawnbroker will charge extremely high interest rates. At worst, you could end up losing your asset.

Getting jewellery appraised

If you have a high-value item of jewellery, it’s a good idea to have it independently appraised.

This will give you some idea of its value, if you’re considering either selling or pawning it. It will also help certify the piece’s value to a potential buyer or lender.

However, note that there are different types of jewellery valuations. These may differ significantly in the value they give your jewellery.

What affects the loan amount for jewellery

Several factors will likely affect how much you’re offered for an item of jewellery.

Among these are:

  • the value of the precious metals and stones it contains
  • the condition of the piece
  • whether it’s in its original box
  • whether you have a certificate of authenticity
  • the jewellery’s current resale value in local markets.

Getting a loan from lamna

lamna is a reputable, well-established financial services provider offering asset-based loans in Botswana. Our loans are fully compliant with the NBFIRA and our interest rates are competitive.

Some advantages over traditional bank loans:

  • same-day access to funds
  • no invasive background or employment checks
  • completely discreet
  • no hidden fees or penalties.

We offer loans against the value of a wide range of assets, including jewellery. For more information about pawning jewellery in Gaborone, contact us on 71 388 088 or simply complete the online application form.

Complete our Online Application Form