Loans Against Cars

Lamna lets you borrow money against your car. If you need funds fast, simply use a car as security for a short-term loan.

Contact us and let us know the make, model, year and mileage of your vehicle.

Based on the estimated value of your car, we’ll make you an initial loan offer straight away over the phone. If you choose to proceed, you’ll need to bring your vehicle to one of our countrywide offices for expert appraisal.

If all is in order, we’ll finalise a loan offer, conclude the agreement and transfer the funds into your account – typically on the same day.

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.

Common questions about our loans against cars

Should I pawn my car if I need funds?

Often a car is one of your most valuable assets. Using a car for loan purposes is a fast, convenient way to unlock its value – without having to sell it.

Pawning a car is an ideal option if you need funds quickly and know that you’ll be in a position to repay the loan and monthly interest over an agreed term.

Can I get a loan against my car if I am still paying installments?

The answer, unfortunately, is no. If you want to borrow cash against your car, there can’t be any debt outstanding on the vehicle.

Can I pawn my car and still drive it?

No, not through Lamna. We store your vehicle securely for the duration of the loan agreement.

In South Africa, a number of “pawn and drive” schemes have come under the spotlight for unethical or illegal practices. They sound too good to be true because they are.

Find out more about why we don’t recommend these schemes in our article, Warning: The Risks of Pawn and Drive your Car Schemes in South Africa.

What will happen to my car once I hand it over?

Your car is stored in a completely secure location with strict access control. It is not driven by anyone else.

Once you’ve repaid the loan amount and agreed interest (which is charged in line with National Credit Act guidelines), your car is returned to you. It will be in the same condition, and with the same mileage, as when you entrusted it to us.

How much can I borrow against a car?

At Lamna, we offer loans ranging from thousands to millions of rands.

The loan amounts we offer are based on the value of the assets our clients supply as collateral. Find out more here.

Is it safe to pawn a car in South Africa?

Not all loan providers are reputable. It’s important to do some checking before you proceed with a loan against car papers.

For advice on what to consider before borrowing money against your car, see our article on how to choose an online lender in South Africa.

Also, always make sure you know the full terms of any “car for loan” agreement before going ahead with a personal loan against your car.

At Lamna, we take pride in the trust we’ve built with our clients. Our company has been operating in South Africa for many years, and has physical branches in Cape Town, Port Elizabeth, Sandton and Durban, as well as Gaborone in Botswana.

We are a registered credit provider (registration number NCRCP7428). Find out what that means or look us up in the NCR database by doing a search here.

Documents required for personal loans against cars:

  • the original car registration documents, which must be in your name
  • your ID
  • proof of address.

Raise Capital From Your Luxury Car

Toyota Fortuner

Loan Offer
R250 K

Mercedes C200

Loan Offer
R120 K

Ford Ranger

Loan Offer
R275 K


Loan Offer
R650 K


Loan Offer
R500 K

BMW 320i

Loan Offer
R650 K


Loan Offer
R1.4 M

Speak to a consultant

086 111 2866

or Apply online

Latest Assets News From The Lamna Blog

Speak to a consultant

086 111 2866

or Apply online

Find out more
Watch our video to learn more about how Lamna creates liquidity.

Find out how to pawn your car
Have Questions?
Know more and read our FAQ or contact us if you have any queries.
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APR & Loan repayment period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.


All accounts may be renewed if they are up to date.


All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.


Non-payments may result in the matters being escalated.

Illustrative example

Client borrows R10,000 for 90 days.

Loan Amount Repayment Period Monthly Repayment Total Cost of Loan Initiation Fee Monthly Fee
(Interest + Service charge)
R10 000 3 months R568.40 R12 902.20 R1 197 R560 60%