
Hand-crafted wristwatches are high-value assets that can be used to secure short-term funding in Cape Town and elsewhere in South Africa.
LoanAgainst offers quick, easy and discreet loans against luxury watches manufactured by brands such as Rolex, Breitling, Tag Heuer, Chopard, Chanel, Patek Phillippe and Omega.
Our Cape Town branches are conveniently located to service clients in the Southern Suburbs, CBD, Northern Suburbs and adjacent Winelands.
Do you own a luxury watch and require capital to cover unforeseen expenses?
Here’s what you need to know about asset-based loans from LoanAgainst.
- how the process works
- why get a loan against a luxury watch
- what amount you can borrow against a luxury watch
- how to get a loan against a luxury watch from LoanAgainst
- where to get a loan against a luxury watch in Cape Town
- why LoanAgainst?
How do loans against luxury watches work?
Loans against luxury watches are based on the secured lending model. Funds are released against the appraised value of the asset, which in this case is a high-end men’s or ladies’ wristwatch.
The watch is held as security until the borrowed funds, plus the accrued interest, are repaid according to the terms of the loan agreement.
As the capital is secured by an asset, the transaction is strictly confidential and has no impact on the client’s credit record.
Why get a loan against a luxury watch?
A loan against a luxury watch allows you to leverage the embedded value of an asset, while retaining ownership of it. This is a fast and efficient way to unlock the value of a luxury watch.
After the loan is repaid, you’ll still own the watch. So you can sell it, pass it down to the next generation or use it again in future to secure further loans.
This form of loan is completely confidential and does not affect your credit rating.
It’s also extremely fast, with minimal paperwork and funds typically issued within 24 hours.
How much can you borrow against a luxury watch?
The loan amount is determined by the appraised resale value of the watch. Factors such as the make, model, condition and rarity of the piece are taken into account.
A watch in its original box and with paperwork to prove authenticity will realise a higher price on the pre-owned market. Consequently, a greater loan amount will be offered.
How to get a loan against a luxury watch from LoanAgainst
The asset-based lending process at LoanAgainst involves four steps.
- Complete an online loan application form, providing us with as much information about the watch as possible. A consultant will contact you with an initial offer of a loan.
- Set up an appointment to have the watch expertly appraised at one of our Cape Town branches.
- Negotiate loan terms, based on your individual circumstances, and sign the formal loan agreement.
- Hand the watch over to be securely stored, in exchange for the borrowed funds, which will be electronically transferred into your bank account.
The watch is available for collection once the loan is repaid in full per the terms of the agreement.
Where to get a loan against a luxury watch in Cape Town
LoanAgainst offers an easy online application form. Applications are followed by appraisal and administrative services at three Cape Town branches – LoanAgainst Cape Town CBD, LoanAgainst Brackenfell and LoanAgainst Heathfield.
A centralised call centre in Cape Town deals with all queries and requests. It can be contacted on 079 726 4690.
Why LoanAgainst?
LoanAgainst is a trusted finance provider with branches in Cape Town and major cities across South Africa.
We offer quick turnaround times, competitive interest rates and transparent and ethical business practices. When you deal with LoanAgainst, you are assured of:
- complete confidentiality
- market-related loans
- flexible terms
- friendly and efficient service
- no early settlement penalties or hidden fees.
Contact us for more information about getting a loan against a luxury watch in Cape Town or another of the cities where we operate, across South Africa. Alternatively, simply complete and submit our online application form.