Cars
Lamna offers loans against cars, so if you need funds fast, you can use a car as security for your short-term loan.
With lamna, there’s no waiting, no complex paperwork and no need for proof of income or a clear credit rating. The process is fast, straightforward and completely discreet.
Contact us and let us know the make, model, year and mileage of your vehicle. These factors help us determine the value of your car.
Based on the value of your car, we’ll then make you an offer immediately over the phone. If you choose to proceed, you will need to bring your vehicle to one of our countrywide offices where we will be able to more carefully and thoroughly evaluate your vehicle.
If all is in order, we will conclude the agreement and transfer the funds into your account which will be available for your immediate use..
Can I get a loan against my car if I am still paying installments?
The answer, unfortunately, is ‘no’. If you want to borrow money against your car, there can’t be any debt outstanding on the vehicle.
What will happen to my car once I hand it over?
Your car is stored in a completely secure location and is not driven at all. When you’ve repaid the loan and monthly interest (which is charged in line with National Credit Act guidelines), the vehicle will be safely returned to you in the same condition and with the same mileage as when you entrusted it to us.
Documents required for loans on cars:
- the original car registration documents, which must be in your name
- your ID
- proof of address
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